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. (OTC: AABB) is a resource company focused on precious metals production and the accumulation of physical gold and silver holdings, with operations centered in Mexico. The AABB news feed on Stock Titan brings together company announcements that describe how Asia Broadband develops its gold and silver projects, expands processing capacity and manages its digital asset initiatives.
News about AABB often covers operational updates at its Etzatlan, Jalisco gold and silver processing facility, including production trends, expansion phases and responses to events such as severe weather-related interruptions and subsequent repairs and restructuring. The company also reports on new processing and production agreements for large-scale ore stockpiles, mining asset evaluations and capital allocation plans aimed at prioritizing high-potential projects.
Asia Broadband regularly issues updates on its digital assets segment, including the AABBG mine-to-token gold-backed cryptocurrency, the planned AABBS silver-backed token and associated products such as the AABB Wallet and NFT collections. These releases provide insight into how the company links its physical metal production to tokenized assets and related offerings.
Additional news items may include information on technology initiatives such as the company’s reduced graphene oxide (rGO) gold recovery system, as well as statements about planned legal actions related to alleged market manipulation of AABB shares. Investors and observers can use this page to review Asia Broadband’s own descriptions of its mining operations, expansion projects, digital asset developments and corporate actions over time.
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.
Asia Broadband Inc. (OTC: AABB) reports exceeding production and gross profit levels in Q2 2024 compared to Q1. Gold production more than doubled in Q1 2024 versus Q4 2023, due to higher grade recoveries and increased daily throughput. The company's new processing plant in Etzatlan, Mexico, is under construction to process an estimated $1 billion ore stockpile. AABB continues its mining property acquisition strategy in Mexico, focusing on regions where it has a comparative advantage in development resources and expertise. The company aims to rapidly expand and replicate its previous gold production success.
Asia Broadband (AABB) announced it will receive an expanded certified geological technical report for its Bonanza Gold Mine Project in Q3 2024. The report will guide and broaden exploration and development activities at the site in Acaponeta, Nayarit, Mexico. Initial estimates value gold and silver deposits at over $10 million. High-grade gold assay results exceed 10 grams per ton. The project is expected to offer rapid expansion, high production, low operating costs, and strong gross profit contributions. AABB aims to leverage its expertise for efficient development and increased gold production.
Asia Broadband (AABB) has initiated Phase II of its drilling program at the La Paz Gold Mine in Etzatlan, Jalisco, Mexico. This follows the successful completion of Phase I, which drilled 1,088 meters. The company is analyzing mineralization to optimize further drilling. Phase II aims to enhance gold production and bolster AABB's gold holdings. AABB's Q1 2024 results showed a doubling of gold production from Q4 2023, leading to higher gross profits due to better recovery rates, increased throughput, and lower costs. Early indicators suggest continued revenue growth into Q2 2024. The La Paz project is key to AABB's strategic asset portfolio and expansion plans in Mexico.
Asia Broadband (OTC: AABB) will launch its 3rd edition NFT collection, Golden Baboons Bitcoin Ordinals, on June 28, 2024. This collection of 888 NFTs, each costing .000888 BTC to mint, will be backed by a half gram of gold. The NFTs will be available on the Bitcoin blockchain, expanding the company's existing presence on Ethereum and Solana. The initiative aims to broaden market appeal and increase awareness in the NFT space. CEO Chris Torres highlighted the company's strategy of branding on multiple chains and offering collaborative game and prize nights backed by gold.
Asia Broadband (OTC: AABB) and KYN Capital Group (OTC: KYNC) have signed a joint venture agreement to develop and market a next-generation AABB Wallet. This digital wallet is designed for cryptocurrency transactions and will integrate KYNC's platform alliances to enhance functionality and reach mass markets. Both companies will launch a broad marketing campaign to expand brand awareness. The wallet will be available on major platforms such as Google Play Store and iOS. The collaboration aims to leverage the strengths of both companies to deliver a comprehensive, secure, and efficient financial tool.
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