Asia Broadband Tequila Mine Achieves $1.4 Million Dollar Record Quarterly Gold Production Revenue, As Flagship Ore Stockpile Processing Facility Plant Construction Progresses
ASIA BROADBAND INC (AABB)
NASDAQ:AMEX Investor Relations:
asiabroadbandinc.com/investor.html
Company Research
Source: GlobeNewswire
LAS VEGAS, April 25, 2024 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that for the recent quarter ending March 31, gold production revenues reached a record $1.4 million dollars from the Company’s Tequila Gold Mine Project in the Tequila region of Mexico. The first quarter results will be published in the coming weeks reflecting a doubling of gold production from the levels recorded in the last quarter of 2023. The resulting increase in gross profit for the quarter was attributed to higher-grade recoveries, increased daily throughput levels and reduced production costs from economies of scale. Additionally, the initial weeks of production in April at the Tequila Mine are trending to achieve equivalent revenues for the second quarter. The AABB mining team’s elevated operational strategies and efficiencies in Q1 have created the foundation for the high production levels to follow the completion of the Company’s processing pla
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