Asia Broadband Doubles Gold Production In 1st Quarter, Prior To Ore Stockpile Processing Plant Completion [Yahoo! Finance]
ASIA BROADBAND INC (AABB)
NASDAQ:AMEX Investor Relations:
asiabroadbandinc.com/investor.html
Company Research
Source: Yahoo! Finance
results for the 1 st quarter ending March 31, 2024, will be published in the coming weeks confirming the Company's increased production and gross profit. Gold production more than doubled in the 1 st quarter of 2024, in comparison to the 4 th quarter of 2023, due to the higher grade recoveries and increased daily throughput levels. Additionally, the economies of scale from higher productions levels reduced production costs and added to the bottom-line gross profit for the quarter. The elevated operational strategies and efficiencies of the AABB mining team in Q1 are setting the foundation for the high production levels to follow the completion of the Company's processing plant. The new facility is currently under construction in Etzatlan, Mexico, and its capacity will be primarily dedicated to processing the estimated $1 billion dollar ore value of the Company's exclusive rights surface stockpile. AABB expects to release a processing plant progress update in the coming weeks. “Our
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News
- Asia Broadband Tequila Mine Achieves $1.4 Million Dollar Record Quarterly Gold Production Revenue, As Flagship Ore Stockpile Processing Facility Plant Construction ProgressesGlobeNewswire
- Asia Broadband Doubles Gold Production In 1st Quarter, Prior To Ore Stockpile Processing Plant CompletionGlobeNewswire
- Asia Broadband Initiates Drill Program in Gold Production Area on Strategic High-Grade Property, as Gold Continues Upward MomentumGlobeNewswire
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