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Friday, March 26, 2021 9:21:23 AM
https://www.globenewswire.com/news-release/2021/01/28/2165810/0/en/AABB-Asia-Metals-Achieves-16-Million-Annual-Gross-Profit-and-Validates-Mining-Operations-Success.html
Subsequent to the closing the 2020 year-end, AABB completed the sale of its mining operations in the Guerrero Gold Belt (GGB), Mexico, for $82 million, further validating the Company’s development achievements. AABB thereafter shifted its focus to leverage its resources and experience to duplicate its successful GGB mining operations expansion model on its high potential Colima, Mexico, gold property. Additionally, the Company has allocated $10 million for the initial phase development program to accelerate operations and expansion toward production at the Colima property. The construction of exploration and development facilities and infrastructure roads has already begun as part of the first phase development program.
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