Philex Mining Reports 15% Profit Increase Driven by Higher Gold and Copper Prices
Philex Mining Corp. recorded a 14.75% rise in attributable net income to P929.69 million for 2025, up from P810.2 million in 2024, due to increased gold and copper prices. Revenues rose 8.21% to P8.85 billion. Gold prices reached a record $4,338 per ounce in Q4 2025, while copper peaked at $5.24 per pound. Despite a 20.66% drop in gold production and an 8.21% decline in copper output, stronger metal prices offset these losses. The Silangan Project aims for its first metal pour by Q1 2026, while operational challenges at the Padcal Mine may impact near-term performance.
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Philex Mining Corp. reported a 14.75% increase in net income to P929.69 million for 2025, driven by higher gold and copper prices. Revenues increased 8.21% to P8.85 billion. In Q4 2025, gold prices reached $4,338 per ounce, and copper peaked at $5.24 per pound.
Gold production fell 20.66% to 24,358 ounces, and copper production declined 8.21% to 18.16 million pounds. The Silangan Project in Surigao del Norte is nearing its first metal pour target by the end of Q1 2026. Operational challenges at the Padcal Mine may affect performance, with measures in place to stabilize production.
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