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Asia Broadband Completes Inaugural Shareholder Plant Tours of the New Gold and Silver Ore Processing Facility in Etzatlan, Mexico
Globenewswireยท 2025-05-14 12:00
Core Insights - Asia Broadband Inc. (AABB) has successfully completed a week of shareholder tours at its new gold and silver ore processing facility in Etzatlan, Mexico, showcasing its operations and engaging with shareholders [3][4][7] Company Operations - The new processing plant is designed to maximize processing throughput and metals extraction while minimizing production costs through advanced mining equipment automation [5] - The facility includes an on-site lab and testing program that enhances operational efficiency and revenue generation [5] Production Capacity and Financial Projections - The first production line, utilizing a mineral flotation process, aims for an initial target of 350 tons per day, increasing to 500 tons per day after three months, with an average production cost of $56.75 USD per ton [6] - Estimated net revenue for the first three months of operations is projected at $2,170,610 USD, with a total of $11,473,227 USD expected in the first year [6] - A second production line using a cyanidation process is expected to begin operations in September 2025, with initial production targets of 200 tons per day, increasing to 500 tons per day, and projected net revenues of $2,554,367 USD in the first four months and $15,326,203 USD in the first year [6] Shareholder Engagement - The company plans to host additional tours to accommodate shareholders who expressed interest but could not attend the initial events [4] - AABB gifted commemorative silver coins made from on-site processed silver to the largest shareholders attending the tours, promoting transparency and encouraging large shareholders to disclose their positions [3][4] Company Overview - Asia Broadband Inc. focuses on precious metals production and physical gold holdings, leveraging its geographic expertise and industry contacts to expand its operations in Mexico [8] - The company also has a digital assets segment, including a gold-backed cryptocurrency and NFT collections, aiming to establish a stable and trusted standard of exchange [8]