Yap-led Lepanto Consolidated Mining Co. more than doubled its consolidated net income to ₱1.59 billion in the first half of 2026 from the ₱771 million earned in the same period last year as gold and silver prices surged in the world market. In a disclosure to the Philippine Stock Exchange (PSE)...
Mining magnate Felipe Yap’s Lepanto Consolidated Mining Co. and its affiliate, Far Southeast Gold Resources Inc., have executed a 25-year pact with indigenous leaders in Benguet province, clearing a major hurdle toward extending mineral production rights at their flagship deposit. The memorandum...
Yap-led Lepanto Consolidated Mining Co. reported that its net income surged 40 times to ₱659 million in the first five months of 2025 from the ₱16 million earned in the same period last year, as it ramped up production amid rising gold prices. In a disclosure to the Philippine Stock Exchange...
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...
The Court of Tax Appeals (CTA) has denied the P40 million tax refund sought by the Lepanto Consolidated Mining Company for its alleged unutilized input value-added tax (VAT) attributable to zero-rated sales for 2018. In its petition, Lepanto Consolidated Mining said that it exported all of its...
As a responsible mining company, Apex Mining (APX) effectively manages and mitigates its impact to the environment. In 2024, under its Annual Environmental Protection and Enhancement Program (AEPEP), the company spent P141.5 million to carry out activities, initiatives, and programs that...
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...
Maharlika Investment Corporation (MIC), which manages the Philippines’ sovereign wealth fund, is set to provide a bridge loan facility worth $76.4 million to Makilala Mining Co. Inc. (MMCI), the Philippine affiliate of Australia-based Celsius Resources Ltd. In a disclosure to the Australian...
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...
