PHILEX CORE PROFITS FALL ON LOWER OUTPUT
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 …
…PHILEX NET PLUNGES 43%
Philex Mining Corp. recorded a 43- percent decline in net income in 2023 to P1.02 billion from P1.8 billion in 2022.
The company said in a statement yesterday the 7.8 …
LOWER OUTPUT CUTS PHILEX PROFIT
MANILA, Philippines — Pangilinan-led Philex Mining Corp. saw its 2023 core net income decline to P963 million year-on-year due to lower output and elevated operating costs and expenses.
This was …
PHILEX UNIT SECURES $70 MILLION FUNDING FOR SILANGAN MINE
MANILA, Philippines — A wholly owned subsidiary of Pangilinan-led Philex Mining Corp. has secured an additional $70 million funding for the development and operation of its Silangan mine project in …
SILANGAN BAGS $70M CREDIT FACILITY
Philex Mining Corp. said its subsidiary, Silangan Mindanao Mining Co. Inc., signed a deed of accession for the additional $70 million with additional lenders that syndicated the credit facility.
Among …
PHILEX’S SILANGAN COMPLETES $170-M LOAN FACILITY FOR SURIGAO PROJECT
PHILEX MINING CORP. said its subsidiary, Silangan Mindanao Mining Co., Inc., has secured an additional $70-million loan to initiate operations for its Surigao del Norte mine, slated to commence by …
PHILEX RAISES $170 M FOR SILANGAN PROJECT
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 …
PHILEX GEARS UP TO EXTEND MINE LIFE BEYOND 2027
TUBA, Benguet – The Philex Mining Corporation is gearing to extend its mine life beyond 2027 to avoid massive displacement of employees and the people living in its host and …
GREEN TECHNOLOGY TO KEEP MINERALS INDUSTRY ALIVE
TUBA, Benguet – The ongoing shift to green technology around the world will keep the minerals industry thriving, especially with the rapidly growing demand for critical minerals.
Philex resident and …