Las Vegas, NV -- (SBWIRE) -- 01/08/2014 -- Graystone Company Inc (OTCMKTS:GYST) is a holding company whose primary operating activities involve acquisition and development of mining properties amenable to low cost production.
Graystone Company Inc launched a new division that sells gold, silver and other precious metals to retail buyers in January 2012. In December 2012, it entered into a Letter of Intent for a 50% interest in a gold mining project in Suriname. n November 2012, the Company had begun initial mining production in Peru. by December 31, 2012, the Company had completed the winding down of this Marketing Division and has written off the intangible assets associated to this division.
By winding down the division Graystone Company Inc can redeploy its assets to its main business of mining. The company also discontinued operating the consulting division and redeployed its assets to the natural resources division. It has ceased operating real estate division.
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