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By: News Direct
July 11, 2024

Asia Broadband Inc. (OTC:AABB): A Gold and Digial Asset Duel Threat

Gold has historically been viewed as a safe haven asset, especially during times of economic uncertainty. The precious metal has recently seen a significant increase in value, owing to high inflation and geopolitical tension. In April 2024, gold prices soared to over $2,400 per ounce, marking a 16% increase over the past year.

Asia Broadband Inc. (OTC: AABB) is a resource company specializing in the production of precious metals and the accumulation of physical gold holdings. By leveraging its geographic expertise and extensive industry contacts, AABB has steadily expanded its property holdings and production capabilities. With a diverse business model that includes both traditional gold mining and a burgeoning digital asset segment, AABB has the potential to provide distinctive value to its shareholders.

Financial Performance

AABB has capitalized on favorable market conditions, reporting significant financial growth in recent quarters. On April 16, 2024, the company announced its Q1 2024 results, revealing that gold production more than doubled compared to Q4 2023. This increase was driven by higher-grade recoveries and increased daily throughput levels, leading to a substantial rise in gross profit. The company’s operational efficiencies are laying the groundwork for even higher production levels with the completion of their new processing plant in Etzatlan, Mexico.

"Our operations team have really geared up our production in the first quarter and we are excited to extend this expertise to our massive ore stockpile processing when the new plant is complete. This will take us to a much higher level than we have ever reached before," stated Chris Torres, the company's president and CEO.

By April 25, 2024, AABB reported record gold production revenues of $1.4 million from its Tequila Gold Mine Project in Mexico. The doubling of production compared to the previous quarter was attributed to improved operational strategies, economies of scale, and higher-grade recoveries. AABB's President and CEO, Chris Torres, expressed optimism about the company’s expansion plans, emphasizing the anticipated impact of the new processing plant on production levels.

"The next steps in our ambitious expansion plans are to complete the new processing plant and begin much higher levels of production from our massive ore stockpile at Etzatlan," Torres said.

Expansion and Partnerships

AABB is not just expanding its gold production capabilities; it is also making significant strides in the digital assets sector. On May 30, 2024, AABB announced a joint venture with KYN Capital Group (OTC: KYNC) to develop and market a new generation of the AABB Wallet. This digital wallet is designed for cryptocurrency transactions and aims to redefine industry standards through enhanced functionality and mass market reach. The collaboration leverages both companies' strengths to create a comprehensive solution that promises to be a game-changer in the digital asset space.

"Our long-term collaboration with KYNC, combined with their blue-chip relationships and tech team, is the future for our AABB Wallet and AABBG gold-backed token. We can now take our digital assets business segment to the next level of expansion with the synergy of our experience and the expertise and alliances of KYNC," expressed Chris Torres, AABB President and CEO.

Additionally, AABB has been active in the NFT market. On June 5, 2024, the company announced the launch of its third limited edition NFT collection, the Golden Baboons Bitcoin Ordinals. This collection, to be minted on the Bitcoin blockchain, offers unique digital assets backed by a half gram of gold. This initiative reflects AABB’s commitment to expanding its digital asset offerings and increasing brand awareness.

"Our new Golden Baboons Bitcoin Ordinals collection will broaden our market appeal and awareness reach in the NFT space and additionally for AABB," said Torres.

Projects and Future Potential

AABB’s mining operations continue to show promise, with ongoing projects aimed at increasing gold production. On June 12, 2024, the company began Phase II of its drilling program at the La Paz Gold Mine Project in Jalisco, Mexico. The initial phase completed 1,088 meters of drilling, and the results are being analyzed to optimize further drilling locations. The La Paz project is expected to become a key asset in AABB’s mining portfolio, contributing significantly to increased production and profitability.

"Our mining group is elated with the many signs revealed so far of high gold mineralization at the La Paz property as we continue the drilling program into Phase II. The La Paz project is progressing to solidify its place as a key strategic asset in the company’s mining property portfolio that will facilitate the growth of our operations and profitability going forward," stated Chris Torres, AABB President and CEO.

Most recently, on June 26, 2024, AABB announced that it expects to receive an expanded certified geological technical report for its Bonanza Gold Mine Project in Acaponeta, Nayarit, Mexico. Preliminary estimates indicate gold and silver values exceeding $10 million. The upcoming report is anticipated to provide new guidelines for expanding exploration and development activities, potentially leading to substantial increases in production and efficiency.

"We are increasingly thrilled with the expanding potential of the Bonanza property, and we are highly anticipating the new reports recommendations to be implemented right away," said Torres.


AABB’s continuous implementation of its mining property acquisition strategy and focus on operational efficiencies position the company well for future growth. With ongoing projects in Mexico and strategic ventures in digital assets, AABB is in a position to capitalize on the increasing demand for gold and advanced financial technologies.

Asia Broadband Inc. (OTC:AABB) is making significant strides in both its traditional mining operations and its digital asset ventures. The company's recent achievements, including record gold production and strategic partnerships, highlight its potential for continued growth and success in the evolving market landscape.

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