Philex Mining Corporation reported a 32 percent drop in core net income to ₱71 million in the first quarter of 2025 from the ₱105 million earned in the same period last year as higher costs offset the impact of rising metal prices. In a disclosure to the Philippine Stock Exchange, the firm said...
Philex Chairman Manuel V. Pangilinan Philex Mining Corp. is negotiating with a potential foreign investor that may take a minority stake in its wholly owned subsidiary, Silangan Mindanao Mining Co. Inc. In an interview, Philex Chairman Manuel V. Pangilinan said the investor will come in...
Pangilinan-led Philex Mining Corporation reported a 29 percent drop in core net income to P610 million in the first nine months of 2024 from the P864 million earned in the same period last year due to lower ore grades mined. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a 73 percent fall in core net income to P105 million in the first quarter of 2024 from the P388 million earned in the same period last year due to lower output. In a disclosure to the...
Philex Mining Corporation, the gold and copper producer controlled by tycoon Manuel V. Pangilinan through First Pacific Company, reported a 44.4 percent drop in core net income to P963 million last year from P1.73 billion in 2022 due to lower output from its Padcal mine. Philex Mining Corporation's...
Philex Mining Corporation’s wholly-owned subsidiary Silangan Mindanao Mining Co. Inc. has raised $170-million funding requirement for the development of its Silangan project. In a disclosure to the Philippine Stock Exchange (PSE) the firm said it has signed a Deed of Accession for an additional...
Silangan Mindanao Mining Co. Inc., a wholly-owned subsidiary of Philex Mining Corporation, signed a $100-million syndicated debt facility to fund its ongoing mine development program. In a disclosure to the Philippine Stock Exchange (PSE), Philex said the lenders are Union Bank of the Philippines,...
The Securities and Exchange Commission (SEC) has approved the planned P3.15 billion stock rights offering of Philex Mining Corporation to fund the development of its Silangan mine. The Commission En Banc resolved to render effective the registration statement filed by Philex Mining for a stock...
Philex Mining Corporation, one of the largest producers of copper and gold in the Philippines, reported that the Boyongan deposit of Silangan copper-gold mine project in Surigao del Norte may yield $7 billion in gold and copper over 28 years. In a disclosure to the Philippine Stock Exchange, the...
Philex Mining Corp., the country's largest gold producer, has decided to finally proceed with the development of the Silangan Mine project in Surigao del Norte within the first half of 2022, but at a slower pace and smaller scale sans the strategic investments that the listed firm has long been...
