Welcome to our dedicated page for Asia Broadband news (Ticker: AABB), a resource for investors and traders seeking the latest updates and insights on Asia Broadband stock.
Asia Broadband Inc. (AABB) bridges traditional precious metals production with blockchain-based financial solutions through its dual mining and digital asset operations. This news hub provides investors and market observers with timely updates on the company’s strategic developments across both business segments.
Access comprehensive coverage of AABB’s operational milestones, including mineral resource acquisitions in Mexico, processing facility expansions, and advancements in its gold-backed cryptocurrency ecosystem. The curated news collection features press releases regarding production volumes, technology partnerships, and digital wallet enhancements powered by AI-driven analytics.
Key focus areas include updates on the AABBG token’s market performance, mining concession developments, and implementation of blockchain solutions for asset tokenization. Users will find factual reporting on infrastructure investments, mineral assay results, and regulatory compliance achievements that shape the company’s growth trajectory.
Bookmark this page for streamlined access to verified information about AABB’s integrated business model. Check regularly for updates on how the company continues merging physical resource extraction with next-generation digital finance innovations.
Asia Broadband Inc. (OTC: AABB) announces that its new processing facility in Etzatlan, Mexico, is expected to be completed in Q1 2025. The plant will process a large-scale surface ore stockpile under an exclusive agreement. The completion date has been delayed from the original estimate of second half 2024 due to equipment delivery delays and weather conditions.
The facility is designed to process a 4 million ton ore stockpile with an estimated value of over $1 billion in gold and silver. The plant's initial capacity will be 200 tons per day, generating an estimated $11 million in annual revenue. AABB plans to expand capacity to 1,000 tons per day once initial production levels are established.
The company has invested in an on-site analysis lab to expedite production target identification and reduce costs. The total build-out budget for the facility is $3 million.
Asia Broadband Inc. (OTC: AABB) is nearing completion of its next-generation AABB Wallet App, featuring AI technology. The wallet, developed in collaboration with Koinfold Cryptocurrency App group and KYN Capital, is expected to launch in Q4 2023 after final testing and app store approvals.
The new AABB Wallet is designed as a leading Algorand wallet for multi-chain management, powered by AI. It offers features such as:
- AI-driven market trend analysis and price movement forecasting
- WalletConnect and browser extension for seamless user experience
- Customizable user IDs
- Robust cross-chain capabilities
- Exceptional support for Algorand ASA's
AABB aims to expand its gold-backed token and digital assets business segment with this innovative wallet.
Asia Broadband Inc. (OTC: AABB) reports continued growth in gold production for the third quarter of 2024, surpassing second quarter levels. The company has achieved consecutive record quarters in production and gross profit this year. Gold production more than doubled in Q1 2024 compared to Q4 2023, due to improved grade selection, recovery efficiencies, and increased daily throughput.
AABB is constructing a new processing plant in Etzatlan, Mexico, primarily dedicated to processing an estimated $1 billion ore value from the company's exclusive rights surface stockpile. The company plans to release a processing plant project update in October.
AABB continues its mining property acquisition strategy in Mexico, focusing on regions where it has a comparative advantage in development resources and expertise for rapid expansion.
Asia Broadband Inc. (OTC: AABB) is expanding the scope of its certified geological technical report for the Bonanza Gold Mine Project in Acaponeta, Nayarit, Mexico. Recent work program activities have revealed outstanding indications, prompting the AABB geological team to mandate a further increase in the report's scope. The company is now working with a new qualified professional person (QP) to prepare the report, expected in the fourth quarter.
The Bonanza property has shown high-grade gold assay results, with significant gold values exceeding 10 grams per ton (g/t). AABB management is optimistic about the project's potential for rapid expansion, high production, low operating costs, and strong contribution to gross profits. The company continues to implement its mining property acquisition strategy, focusing on regions in Mexico where it has a comparative advantage in development resources and expertise.
Asia Broadband Inc. (OTC: AABB) anticipates completing a resource technical report for its Tequila Gold Mine Project in Mexico by Q4 2024. The report, prepared by a new qualified professional, will incorporate the last four quarters of production data and recent development findings that suggest high expansion potential and profitability. AABB's team plans to use this report to optimize exploration, development, and resource expansion efforts, as well as improve production efficiencies and upgrade processing equipment. This project aligns with the company's strategy to increase gold production and physical gold holdings. CEO Chris Torres expressed pride in the mining group's progress and anticipates significantly higher production levels in the future.
Asia Broadband Inc. (OTC: AABB) reports strong revenue growth due to rising gold and silver prices. The company's quarterly net income has increased, with approximately half of its production being silver. AABB is set to expand silver production significantly with a new ore stockpile processing plant in Etzatlan, Mexico.
Samsung's plans to mass-produce a next-generation electric vehicle (EV) battery requiring silver could further boost AABB's revenue if silver prices rise as expected. In response, AABB is considering accumulating silver bullion for investment and potentially developing a silver-backed token.
CEO Chris Torres emphasizes that the strong precious metals market significantly increases their gross profit margin and net income, with expectations for continued growth as production scales up at the new Etzatlan plant.
Asia Broadband Inc. (OTC: AABB) has announced high-grade results from its on-site mineral analysis laboratory in Etzatlan, Mexico. The lab is testing ore stockpiles for the company's new processing facility, using recent data and a technical report to identify high mineral concentration targets. This efficient testing process accelerates production target identification, reducing costs and maximizing potential revenues.
The new processing plant, currently under construction, will utilize advanced mining equipment automation to optimize throughput and metals extraction. AABB has exclusive rights to purchase a 4 million ton ore stockpile, estimated to contain over $1 billion in gold and silver value. The facility is initially planned for a 200 ton per day (tpd) capacity, with potential revenue of $11 million annually. AABB aims to expand capacity to 1,000 tpd once initial operations are established.
Asia Broadband Inc. (OTC: AABB) anticipates receiving an expanded certified geological technical report for its Bonanza Gold Mine Project in Acaponeta, Nayarit, Mexico by early September 2024. The report is expected to reveal significant potential for increased development scope and production planning. Preliminary mineral resource estimates from the initial report exceeded $10 million in gold and silver values at current spot prices. The company aims to maximize exploration, development, and resource expansion based on the new report's guidance.
The Bonanza project has shown high-grade gold assay results, with significant values exceeding 10 grams per ton. AABB management sees potential for rapid expansion, high production, low operating costs, and strong profit contribution from this asset. This project aligns with AABB's strategy to increase gold production and physical gold holdings through strategic mining asset acquisitions in Mexico.
Asia Broadband Inc. (OTC: AABB) has announced the integration of AI technology into its next-generation AABB Wallet App. The development team, led by KOINFOLD Cryptocurrency App group and KYN Capital, is creating a cutting-edge digital wallet for cryptocurrency transactions. The wallet will feature an AI trading platform component that uses custom-built programs and bots to analyze data and suggest market trend transactions with digital speed.
The AI algorithm will offer trade suggestions based on price predictions, such as buying or selling Bitcoin. AABB's President and CEO, Chris Torres, emphasized the company's careful and deliberate approach to developing a unique, high-level app with mass-market appeal. The initiative aims to expand AABB's gold-backed token and digital assets business segment.
Asia Broadband Inc. (OTC: AABB) has announced the purchase of three hydraulic diamond core drilling exploration rigs to enhance its drilling efficiency and capacity at the Picachos and La Paz projects in Jalisco, Mexico. The new rigs are expected to arrive in late August. AABB's mining operations are focused on accelerating the development of high-yield gold projects to increase gold production and holdings.
The company reported a doubling of gold production in Q1 2024 compared to Q4 2023, with increased gross profit due to higher-grade recoveries, increased daily throughput, and reduced production costs. Q2 2024 results are expected to surpass Q1 levels. AABB continues to implement its mining property acquisition strategy, focusing on regions in Mexico where it has a comparative advantage in development resources and expertise.
