Business
Asia Broadband Gold and Silver Production and Gross Profit Upward Trend Continues in the Third Quarter, As Gold and Silver Holdings Appreciated $38 Million Dollars
Asia Broadband Gold and Silver Production and Gross Profit Upward Trend Continues in the Third Quarter, As Gold and Silver Holdings Appreciated $38 Million Dollars.
About this update from Asia Broadband, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Asia Broadband Gold and Silver Production and Gross Profit Upward Trend Continues in the Third Quarter, As Gold and Silver Holdings Appreciated $38 Million Dollars\r\n \r\n \r\n\r\n\r\nAsia Broadband Gold and Silver Production and Gross Profit Upward Trend Continues in the Third Quarter, As Gold and Silver Holdings Appreciated $38 Million Dollars\r\n\r\n\r\n\r\n\r\n\r\nLAS VEGAS, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company will be reporting this week increased gold and silver production and gross profit for the third quarter period ending September 30th, as gold and silver forecasts remain strong. From AABB’s second quarter results, the mining team achieved a 40% increase in production during the third quarter with added capacity and operational efficiencies. The Company also retained $2 million from its third quarter production to expand AABB’s physical gold and silver holdings. Additionally, the Company has recently reviewed its substantial gold and silver holdings and their significant appreciation from the initial production values. AABB has been in the process of accumulating gold and silver holdings over the past five years. During this time, the increase in precious metal prices have increased the value the Company’s holdings by approximately $38 million to an estimated market value of $76 million. This increase is greater than 100% or more than double the book value of the gold and silver holdings and represents an unrealized gain to AABB of $38 million. And the Company is committed to its ongoing strategic expansion initiative to increase production and add to AABB’s physical gold and silver holdings on a quarterly basis. “Despite the challenges of evolving new operations and recent weather issues, our team has continued to elevate our production processes every quarter. Our entire mining group is thrilled to have reached our current production level as we are just in the early stages of a strong upward trajectory of growth for years to come”, stated Chris Torres, the Company President and CEO. About Asia Broadband Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical g...