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Manila Bulletin devider Business devider Trade & Industry devider Philippines metallic mineral reserves surge 17% as gold prices rally

Philippines metallic mineral reserves surge 17% as gold prices rally

Published Jun 25, 2026 03:02 pm
(Unsplash)
(Unsplash)
The value of the country’s metallic mineral reserves expanded by 17 percent to nearly ₱590 billion in 2025 on the back of an upswing in Class A gold reserves, according to the Philippine Statistics Authority (PSA).
In a report on Thursday, June 25, the PSA said the monetary value of Class A gold, copper, nickel, and chromite reserves increased to ₱588.12 billion last year from ₱500.20 billion in 2024.
The total resource rent of the four mineral resources contributed ₱68.25 billion, or 0.24 percent of the country’s gross domestic product (GDP) in 2025.
The PSA said the resource rent of the key mineral reserves increased by nearly 20 percent from its recorded value of ₱57.06 billion in 2024, equivalent to 0.22 percent of GDP.
Resource rent refers to the surplus value accruing to the extractor or user of an asset, calculated after all costs and normal returns have been taken into account.
The PSA said the country’s Class A gold reserves were valued at ₱308.79 billion in 2025, an improvement of more than 41 percent from ₱218.04 billion in 2024.
The value of extraction from gold reserves rose to ₱16.26 billion, up 45 percent from ₱11.23 billion.
In terms of copper reserves, the monetary value increased slightly to ₱60.50 billion from ₱60.39 billion.
On the other hand, Class A nickel reserves declined by 1.2 percent to ₱217.74 billion last year from ₱220.42 billion in the previous year.
The value of Class A chromite reserves registered a larger decline of 19 percent to ₱1.10 billion from ₱1.35 billion.
The PSA said the value of extraction for this mineral plunged by 38.3 percent to ₱793,760 from ₱1.29 million.
In terms of physical assets, PSA data showed that Class A gold reserves stood at 371,260 kilograms (kg) in 2025, down from 390,530 kg in 2024.
Meanwhile, Class A copper reserves declined by 1.1 percent to 4.14 million metric tons (MT) last year from 4.18 million MT in the previous year.
Similarly, Class A nickel reserves posted a decrease of 4.5 percent to 632.79 million dry MT from 662.83 million dry MT.
The PSA said stocks of Class A chromite declined slightly to 66.29 million MT in 2025 from 66.34 million MT in 2024.

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Philippine Statistic Authority (PSA) Mining
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