#PreciousMetal #Stocks
#Mining in #Mexico (OTC: $AABB) (NYSE: $AG) (NYSE: $GATO) (NYSEAmerican: $ASM) @AsiaBroadband
@FMSilverCorp @Avino_ASM @GatosSilver
How to stand out
from the Rest
Vancouver,
Kelowna, Delta, BC – July 27, 2023 - Investorideas.com,
a leading investor news resource covering precious metal and mining stocks
releases a special news report featuring Asia
Broadband Inc. (OTC: AABB) on precious metals stocks operating
in Mexico.
Read this article,
featuring AABB in full at https://www.investorideas.com/news/2023/mining/07271Precious-Metal-Mexico.asp
The
global precious and base metals market is
estimated to reach over USD 2300.88 billion by 2031, exhibiting a CAGR of
12.21% during the forecast period.
Mexico
is the largest
producer of silver in the world and a top global producer of gold, copper
and zinc, amongst other minerals.
Asia Broadband Inc.
(OTC: AABB), a resource company focused on the production, supply and sale of precious and base metals,
primarily to Asian markets, just announced the
beginning of the installation of a mineral testing lab on-site for gold &
silver ore stockpile processing in Mexico. Their new facility will reduce costs
and supply rapid mineral results reports.
From the news: 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 $3 million cost and is initially planned to have a 200 ton
per day (tpd) processing capacity. At this first level of processing, the mill
is estimated to generate over $11 million in revenue annually. However, the
Company will also be accelerating a mill expansion installation to increase the
processing capacity 5 fold to 1,000 tpd, once the initial processing level of
the mill is consistently at capacity.
“With
our own mineral testing lab on the facility site, we will have the ability to
choose the highest mineral concentration ore for processing to achieve the
greatest value throughput and maximum revenues. Essentially, the lab will let
us cherry-pick the highest grade ore in the stockpile to process first. This is
a major advantage to us in many ways and we are ecstatic about it,” stated
Chris Torres, AABB President and CEO.
Last
month the company also announced
preliminary mineral resource estimates of gold and silver values contained in
the initial technical report exceed $10 million at the current spot precious
metal prices, prior to the Company’s ongoing work programs.
The
company announced
in May that it has been diligently exploring new gold property acquisitions
with high-grade production potential in several regions of Mexico. The AABB
mining group has conducted numerous site visits to the top rated acquisition
target properties and is currently in the due diligence process of assessments
and evaluations in preparation for final purchase negotiations. The acquisition
team is exclusively focused on properties with the highest potential for rapid
expansion, high-grade production and low-cost operations that will maximize
gross profit contributions. The Company’s overall strategic capital expansion
initiative is to increase gold production and physical gold holdings to
accelerate the growth of the digital assets division.
According
to
the company, when differentiating from other miners in Mexico,”The Company
utilizes its specific geographic expertise, experience and extensive industry
contacts to facilitate its innovative distribution process from the production
and supply of precious and base metals in Mexico to client sales networks in
Asia. This vertical integration approach to sales transactions is the unique
strength of AABB that differentiates the Company and creates distinctive value
for shareholders.”
First
Majestic Silver Corp. (NYSE: AG)
(TSX:
FR) (FSE: FMV), a mining company with lead assets in Mexico, just announced
that total production in the second quarter of 2023 reached 6.3 million silver
equivalent ("AgEq") ounces, consisting of 2.6 million silver ounces
and 45,022 gold ounces. Approximately 94% of total production, or 6.0 million
AgEq ounces, was produced from the Company's three Mexican operations, the San
Dimas, Santa Elena and La Encantada mines. The Company's fourth operation, the
Jerritt Canyon mine in Nevada, USA, processed most of its remaining ore
stockpiles and work in process ("WIP") inventory throughout April and
May and produced 4,364 ounces of gold during its partial quarter.
From the news: In the
first half of 2023, the Company produced 5.2 million silver ounces and 105,616
gold ounces, or approximately 14.0 million AgEq ounces. In the second half of
2023, the Company is expecting to produce between 5.3 to 5.9 million silver
ounces and 86,000 to 95,000 gold ounces, or approximately 12.4 to 13.8 million
AgEq ounces, at an all-in sustaining cost ("AISC") range of $17.69 to
$18.92 per AqEq ounce.
From the news: As of
April 24, 2023, all activities at the Jerritt Canyon processing plant were
discontinued following the Company's previously announced temporary suspension
of mining operations on March 20, 2023.
In
other mining in Mexico news, Avino Silver & Gold Mines Ltd. (TSX:
ASM) (NYSE
American: ASM)
reported on July 20th it had achieved production results of
587,317 silver equivalent ounces, bringing the 12-month trailing total to 2.8
million silver equivalent ounces from the Avino Mine.
From the news: "The
Avino Mine continued to provide stable production results in the second quarter
of 2023, albeit impacted by mining in lower grade areas and certain mill
equipment delivery delays, which are now behind us," said David Wolfin,
President and CEO of Avino. "These challenges provided us with the
opportunity to implement upgrades to the haulage ramp that has since allowed us
to exceed original underground maximum haulage rates. With these upgrades, we
expect production to catch up to our internal guidance in the second half of
the year. On the exploration side, we are thrilled with the outstanding drill
results from below Level 17 released earlier this month which further
demonstrates that the Avino Mine continues to get better as we explore at
depth. Finally, we remain focused on the execution of our 5-year growth
plan."
Avino currently controls mineral resources, as per NI 43-101,
that total 368 million silver equivalent ounces, within our district-scale land
package.
Gatos
Silver, Inc. (NYSE:
GATO) (TSX:
GATO), a silver dominant exploration, development and production company
that discovered a new silver and zinc-rich mineral district in southern
Chihuahua State, Mexico, on July 18th provided
a Q2 2023 update on the drilling and exploration programs in the Los Gatos
district (“LGD”) in Mexico, including details of additional intercepts of high
grade mineralization in the South-East Deeps (“SE Deeps”) zone of its 70%-owned
Cerro Los Gatos (“CLG”) mine that could provide new mineral resources and reserves
to extend the mine life.
“Our
continued drilling success shows why we are so excited about the future for
this district,” said Dale Andres, CEO of Gatos Silver. “Our next mineral
resource and reserve update is nearing completion and will be a first step in
extending the mine life and showing the potential scale of SE Deeps. With six
surface drill rigs primarily focused on defining the SE Deeps, we are
continuing to intercept strong widths and grades of silver, zinc, lead, gold
and copper as we infill that zone. In addition, the foundational work we are
doing this year with our greenfields program is deepening our understanding of
the district and enabling us to sharpen our focus on priority areas where we
might find the next CLG.”
“Mexico,
being the top global producer of silver, has attracted both majors and juniors
the world over in hopes of new discoveries” says Resource World, in spite of some of the
new mining regulations and hurdles miners may face there.
So
for investors looking for the gold, there is always a ‘silver lining’ in Mexico
if they look for it.
Visit
the mining and metals stocks free directory at Investorideas.com
https://www.investorideas.com/Gold_Stocks/Stocks_List.asp
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