Asia Broadband Inc. (OTC: AABB) reported record gold and silver production revenues of approximately $9.3 million for the quarter ended September 30, 2026. This figure represents a 6.9% increase from the previous quarterly record of $8.7 million set in Q2FY26.

The company’s year-to-date production revenues for the first nine months of FY26 now stand at approximately $24.2 million. This cumulative total nearly doubles the $12.7 million recorded for the entirety of fiscal year 2025, supporting management’s objective to exceed $30 million in annual production revenues.

Production growth at Etzatlán

The operational expansion is driven by increased processing capacity at the Etzatlán facility in Jalisco, Mexico. Management attributes the consecutive quarterly revenue increases to enhanced processing efficiency and higher recovery rates. A recently acquired underground mine in the same region is expected to supply additional high-grade mineralized materials to sustain this momentum.

Leadership transition

The record results coincide with a change in executive leadership effective October 2, 2026. Timothy Gomez was appointed Chief Executive Officer and Fernando Ramirez as Chief Financial Officer. The new team aims to build on prior operational foundations while emphasizing financial management and prudent growth strategies.

What the numbers show

The data reveals a significant acceleration in revenue conversion relative to historical baselines. While the quarter-over-quarter growth is modest at 6.9%, the nine-month cumulative revenue of $24.2 million indicates that the company has already surpassed its entire previous fiscal year’s output ($12.7 million) by a factor of nearly two. This suggests that the capacity expansions implemented earlier in FY26 are yielding substantial incremental gains compared to the prior year's baseline, rather than just linear growth.

Asia Broadband Inc. (OTC: AABB) has completed the acquisition of the La Vencedora mining concession in Jalisco, Mexico, for $5.5 million. The company secured 100% ownership of the property, which covers approximately 1,200 hectares and contains historical gold grades ranging from 9 g/t to 12 g/t.

The transaction structure requires 50% of the purchase price to be paid in cash immediately, with the remainder payable in installments. No common shares were issued, avoiding shareholder dilution. Legal and technical due diligence on the concession and associated title documentation was finalized concurrently with the closing.

Production Timeline and Infrastructure

Asia Broadband plans to begin extraction activities during Q4 2026. The extracted mineralized material will be transported directly to the company’s existing Etzatlán processing facility, located approximately 18 kilometers from the mine site. This proximity aims to streamline logistics and reduce transportation costs.

The La Vencedora property is not an undeveloped exploration site. It features approximately 1.3 kilometers of existing underground development across multiple levels. Management expects this infrastructure to reduce initial development costs compared to a greenfield operation, allowing the company to focus on rehabilitation and production sequencing.

Operational Expectations

Based on current internal mine plans, Asia Broadband expects to produce between 150 and 200 tons per day of mineralized underground material from La Vencedora. This estimate is subject to mine development progress, grade continuity, equipment availability, and processing performance.

The addition of La Vencedora’s underground hard-rock material is expected to complement the company’s existing surface and stockpile feed at the Etzatlán facility. Management believes this blend will improve flotation feed consistency and enhance processing flexibility.

What the Numbers Show

The acquisition leverages existing infrastructure to mitigate capital intensity. By acquiring a property with 1.3 kilometers of pre-existing underground development rather than an undeveloped concession, Asia Broadband positions itself to bypass significant early-stage capital expenditures typical of greenfield projects. The proximity of the mine (18 kilometers) to the operational Etzatlán processing plant further suggests a strategy focused on rapid integration and reduced logistical overhead, aiming for production within months rather than years.

Chris Torres, President and CEO of Asia Broadband, stated that the acquisition significantly improves the Etzatlán mining district. He emphasized that the deal structure provides financial flexibility while enabling immediate focus on mine preparation and rehabilitation.