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Posted On: 04/23/2020 9:36:24 AM
Post# of 107164
AABB Doubling Production
AABB - Asia Metals Inc. Expands Gold Production As Bank of America Upgrades Gold Forecast to $3,000 An OuncePress Release | 04/23/2020
LAS VEGAS, April 23, 2020 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the recent Bank of America gold forecast upgrade to $3,000 an ounce affirms the Company’s focus on mining production and facilities expansion in 2020. The recent economic conditions have created strong and unprecedented fundamentals for gold producer equities. The economic volatility and inflationary effects of the Coronavirus pandemic have launched gold and gold producers into a significant growth phase, which is expected to be heightened by the contraction of the general markets. Additionally, the recent collapse of the oil market has elevated the gold-to-oil ratio to all time highs indicating lower production costs and increased profit margins for gold producers. AABB is anticipating a two to three fold increase in gold production levels in 2020 from its increased operational capacity.
AABB - Asia Metals Inc. Expands Gold Production As Bank of America Upgrades Gold Forecast to $3,000 An OuncePress Release | 04/23/2020
LAS VEGAS, April 23, 2020 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the recent Bank of America gold forecast upgrade to $3,000 an ounce affirms the Company’s focus on mining production and facilities expansion in 2020. The recent economic conditions have created strong and unprecedented fundamentals for gold producer equities. The economic volatility and inflationary effects of the Coronavirus pandemic have launched gold and gold producers into a significant growth phase, which is expected to be heightened by the contraction of the general markets. Additionally, the recent collapse of the oil market has elevated the gold-to-oil ratio to all time highs indicating lower production costs and increased profit margins for gold producers. AABB is anticipating a two to three fold increase in gold production levels in 2020 from its increased operational capacity.
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