Asia Broadband Inc. (OTC: AABB) is expanding its precious metals operations in Mexico, with several ongoing mining and production projects. The company recently announced that its new processing facility in Etzatlan, Mexico, is expected to be completed in Q1 2025, delayed from the original target of second half 2024 due to equipment delivery issues and other factors. The facility will process a large-scale surface ore stockpile, estimated to represent over $1 billion in total gold and silver value.
The new plant is designed with advanced automation and efficiency features, and includes an on-site analysis lab to expedite production target identification. Initially planned for a 200 ton per day capacity, the company aims to expand to 1,000 tons per day in the future. At the initial processing level, the mill is estimated to generate over $11 million in revenue annually.
Asia Broadband Inc. (OTC: AABB) sta espandendo le sue operazioni di metalli preziosi in Messico, con diversi progetti minerari e di produzione in corso. L’azienda ha recentemente annunciato che la sua nuova struttura di lavorazione a Etzatlan, Messico, dovrebbe essere completata nel primo trimestre del 2025, rinviato rispetto all’obiettivo originale della seconda metà del 2024 a causa di problemi di consegna dell’equipaggiamento e altri fattori. La struttura elaborerà un grande stock di minerale di superficie, stimato a oltre 1 miliardo di dollari di valore totale in oro e argento.
Il nuovo impianto è progettato con avanzate caratteristiche di automazione ed efficienza, e include un laboratorio di analisi in loco per accelerare l’identificazione degli obiettivi di produzione. Inizialmente pianificato per una capacità di 200 tonnellate al giorno, l’azienda mira ad espandersi a 1.000 tonnellate al giorno in futuro. A livello di lavorazione iniziale, il mulino è stimato per generare oltre 11 milioni di dollari di entrate annuali.
Asia Broadband Inc. (OTC: AABB) está expandiendo sus operaciones de metales preciosos en México, con varios proyectos mineros y de producción en curso. La empresa anunció recientemente que su nueva planta de procesamiento en Etzatlan, México, se espera que esté completada en el primer trimestre de 2025, retrasada de la fecha original de la segunda mitad de 2024 debido a problemas de entrega de equipos y otros factores. La instalación procesará un gran acopio de mineral de superficie, estimado en más de 1 mil millones de dólares en valor total de oro y plata.
La nueva planta está diseñada con características avanzadas de automatización y eficiencia, e incluye un laboratorio de análisis en el lugar para acelerar la identificación de objetivos de producción. Inicialmente planeada para una capacidad de 200 toneladas por día, la empresa tiene como objetivo expandirse a 1,000 toneladas por día en el futuro. En el nivel de procesamiento inicial, se estima que el molino generará más de 11 millones de dólares en ingresos anuales.
아시아 브로드밴드 주식회사(OTC: AABB)는 멕시코에서 귀금속 사업을 확장하고 있으며, 여러 개의 광산 및 생산 프로젝트가 진행 중입니다. 회사는 최근 멕시코 에차틀란에 위치한 새로운 가공 시설이 2025년 1분기에 완공될 예정이라고 발표했으며, 이는 장비 배송 문제와 기타 요인으로 인해 원래 목표인 2024년 하반기에서 연기된 것입니다. 이 시설은 10억 달러 이상의 금과 은의 총 가치를 나타내는 대규모의 광석 표고를 처리할 것입니다.
새로운 공장은 고급 자동화 및 효율성 기능으로 설계되었으며, 생산 목표 식별을 가속화하기 위한 현장 분석 실험실을 포함하고 있습니다. 초기에는 하루 200톤의 처리 용량으로 계획되었으며, 회사는 앞으로 하루 1,000톤으로 확장할 계획입니다. 초기 처리 단계에서 이 밀은 연간 1,100만 달러 이상의 수익을 창출할 것으로 예상됩니다.
Asia Broadband Inc. (OTC: AABB) élargit ses opérations de métaux précieux au Mexique avec plusieurs projets miniers et de production en cours. L’entreprise a récemment annoncé que sa nouvelle installation de traitement à Etzatlan, au Mexique, devrait être achevée au premier trimestre 2025, retardée par rapport à l’objectif initial de la seconde moitié de 2024 en raison de problèmes de livraison d’équipements et d’autres facteurs. L’installation traitera un stock de minerai de surface à grande échelle, estimé à plus de 1 milliard de dollars de valeur totale en or et en argent.
La nouvelle usine est conçue avec des fonctionnalités avancées d’automatisation et d’efficacité, et comprend un laboratoire d’analyse sur site pour accélérer l’identification des objectifs de production. Initialement prévue pour une capacité de 200 tonnes par jour, l’entreprise vise à étendre cette capacité à 1.000 tonnes par jour à l’avenir. Au niveau de traitement initial, le moulin devrait générer plus de 11 millions de dollars de revenus annuels.
Asia Broadband Inc. (OTC: AABB) erweitert seine Edelmetalloperationen in Mexiko mit mehreren laufenden Bergbau- und Produktionsprojekten. Das Unternehmen gab kürzlich bekannt, dass seine neue Verarbeitungsanlage in Etzatlan, Mexiko, voraussichtlich im ersten Quartal 2025 fertiggestellt wird, was auf Probleme bei der Lieferung von Geräten und andere Faktoren zurückzuführen ist und den ursprünglichen Termin in der zweiten Hälfte von 2024 überschreitet. Die Anlage wird einen großangelegten Oberflächenmineralstock verarbeiten, der schätzungsweise über 1 Milliarde Dollar an Gesamtwert in Gold und Silber repräsentiert.
Die neue Anlage ist mit modernen Automatisierungs- und Effizienzmerkmalen ausgestattet und umfasst ein On-Site-Analyse-Labor, um die Identifizierung von Produktionszielen zu beschleunigen. Ursprünglich für eine Kapazität von 200 Tonnen pro Tag geplant, strebt das Unternehmen an, in Zukunft auf 1.000 Tonnen pro Tag zu expandieren. Auf der anfänglichen Verarbeitungsebene wird die Mühle voraussichtlich über 11 Millionen Dollar an jährlichem Umsatz generieren.
Positive
- New processing facility in Etzatlan, Mexico, expected to complete in Q1 2025
- Access to ore stockpile estimated at over $1 billion in total gold and silver value
- On-site analysis lab to expedite production target identification
- Initial processing capacity of 200 tons per day, with plans to expand to 1,000 tons per day
- Estimated annual revenue of over $11 million at initial processing level
Negative
- Delay in processing facility completion from second half 2024 to Q1 2025
- Equipment delivery delays from Asian suppliers
- Permitting process and severe weather conditions causing construction delays
Vancouver, Kelowna, and Delta, British Columbia–(Newsfile Corp. – October 9, 2024) – Investorideas.com, a global investor news source covering mining and metals stocks releases a snapshot looking at recent news and updates with gold stocks featuring Asia Broadband Inc. (OTC: AABB), a resource company focused on the production of precious metals and the accumulation of physical gold holdings.
Read the full article on Investorideas.com
https://www.investorideas.com/News/2024/mining/10090Precious-Metals-in-Mexico.asp
According to Identec Solutions, “Mexico’s mining market was worth USD 1.83 billion in 2022 and is expected to grow at a compound annual growth rate of
“Gold mining in Mexico is a significant sector within the country’s mining industry, contributing to its position as one of the world’s top producers of precious metals.”
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Asia Broadband Inc. (OTC: AABB) uses its geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. Current mining and production projects include Acaponeta, Bonanza, Tequila, La Guadalupe, Buen Pais, Zodiac, La Paz, Etzatlan and the Etzatlan Processing Plant.
Asia Broadband just announced that the Company’s new processing facility site in Etzatlan, Mexico continues the installation process with an expected completion date in Q1 2025. The plant will be primarily dedicated to processing a large-scale surface ore stockpile per the Company’s exclusive agreement. Previously, the plant construction and installation target completion estimate was the second half of 2024, but several of the major equipment and supporting accessories deliveries were delayed by the Asian suppliers, beyond the Company’s control. Additionally, the plant construction team has worked through delays caused by permitting processes and severe weather conditions. In the coming months, the last remaining equipment necessary to complete the plant will be delivered, installed and tested for integration into the plant system processes.
The Company continues with its on-site lab testing campaign by utilizing recently gathered data and the stockpile evaluation technical report to extrapolate the highest mineral concentration targets for evaluation and confirmation for prioritized processing. The on-site analysis lab is an efficiency tool that expedites the production target identification process with rapid test results and extensive testing capacity. The lab and testing program accelerates the new processing facility operations with reduced costs and maximized plant revenues.
AABB’s new plant is designed to utilize advanced mining equipment automation and efficiencies to maximize processing throughput and metals extraction and minimize the production costs. Additionally, the new facility will be built with expanded processing capability that will be implemented after the initial production levels have been established.
In December 2022, AABB completed the land purchase for the site of the new processing facility to be constructed with respect to the terms of the historic and long-term processing and production agreement signed previously for a large-scale gold and silver ore stockpile located in Las Jimenez, Etzatlan, Jalisco, Mexico. The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point. An evaluation report has estimated the stockpile to represent over
Las Jimenez Stockpile Mineral Evaluation Report:
https://asiabroadbandinc.com/la-paz-etzatlan/
The 4.94 hectare processing plant land parcel, that includes a water concession, is located approximately 5.8 miles from the ore stockpile in Etzatlan, Mexico, and 48 miles from the AABB Buenavista mining warehouse. The new facility build-out is budgeted for a
“As we continue to receive the remaining pieces of equipment for installation and testing over the coming months, we will remain focused on the utilizing the high-grade testing results completed by our technical team from the ore stockpile to create prioritized target zones for production. With our own mineral testing lab on the facility site, we can identify the highest mineral concentration priority targets in a very short period of time instead of having to rely on outside mineral analysis services. The efficiency and quality advantage with our processing lab will allow us to achieve the greatest value throughput to maximize and expand revenues when stockpile production begins,” explained Chris Torres, AABB President and CEO.
According to Statista.com, “In 2022 Mexico produced more than 199 million ounces of silver and therefore, was the world’s largest silver producing country.”
Silver mining in Mexico made big headlines last week with news that Coeur Mining is buying Silvercrest in a
From the news: Under the terms of the Agreement, SilverCrest shareholders will receive 1.6022 Coeur common shares for each SilverCrest common share. The Exchange Ratio implies consideration of
“The acquisition of SilverCrest creates a leading global silver company by adding low-cost silver and gold production and significant free cash flow to our rapidly growing production and cash flow driven by the recent expansion of our Rochester silver and gold mine in Nevada,” said Mitchell J. Krebs, Chairman, President and Chief Executive Officer of Coeur. “Together with SilverCrest’s large and growing cash balance and no debt, our balance sheet is expected to be materially strengthened on day one. This immediate deleveraging, along with the significant combined expected free cash flow, will allow for rapid debt repayment and investment in other organic growth opportunities while offering shareholders an unparalleled re-rating opportunity. With over 15 years of experience operating our Palmarejo underground silver and gold operation next door in Chihuahua, we look forward to adding the high-quality Las Chispas mine to create a leading global silver company at a time when the demand for silver in renewable energy and a wide range of electrification end uses is rapidly rising.”
Heliostar Metals Ltd. hit a 52 week high this week on news of a
Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on developing the
According to a recent article, “Gold mining sweeping mining industry changes passed into law by Mexico in 2023 under President Andrés Manuel López Obrador have yet to cause any significant decreases in production but have caused concern among investors and mining companies.”
“Mexican gold mine production dropped notably after the 2023 Mining Law passed, showing a decrease of about 2.5 metric tons, or
“However, gold production numbers quickly recovered, and by December 2023, they were mirroring production from 2022, a trend that continued through February 2024, according to data from Statista.”
Although changes are on the wind, the future still shines bright for miners in Mexico.
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FAQ
What is the expected completion date for Asia Broadband’s new processing facility in Etzatlan, Mexico?
Asia Broadband Inc. (OTC: AABB) expects to complete its new processing facility in Etzatlan, Mexico, in Q1 2025.
What is the estimated value of the ore stockpile that Asia Broadband (AABB) has access to in Etzatlan?
The ore stockpile that Asia Broadband Inc. (OTC: AABB) has exclusive access to in Etzatlan is estimated to represent over $1 billion in total gold and silver value.
What is the initial processing capacity of Asia Broadband’s (AABB) new facility in Etzatlan?
The initial processing capacity of Asia Broadband Inc.’s (OTC: AABB) new facility in Etzatlan is planned to be 200 tons per day, with plans to expand to 1,000 tons per day in the future.
How much annual revenue is Asia Broadband (AABB) estimating from its new Etzatlan processing facility?
Asia Broadband Inc. (OTC: AABB) estimates that the new Etzatlan processing facility will generate over $11 million in revenue annually at its initial processing level.
