September 7, 2025 | 12:00am
MANILA, Philippines — Apex Mining Co. Inc. of billionaire Enrique Razon Jr. booked stronger ends in the primary six months, with earnings surging by 70 p.c year-on-year amid favorable metallic costs.
The listed miner recorded an attributable internet revenue of P3.2 billion within the first half from P1.89 billion a yr in the past, pushed by increased gross sales quantity of silver that offset the dip within the quantity of gold offered.
Apex Mining offered 51,436 ounces of gold, down by three p.c from 52,993 ozpreviously, whereas silver gross sales quantity improved by 12 p.c to 197,925 ozfrom 176,838 oz.
The common realized worth of gold surged by 38 p.c to $3,121 from $2,264 per oz, whereas that of silver jumped by 24 p.c year-on-year to $33.18 per oz.
Consequently, consolidated revenues climbed by 37 p.c to P9.5 billion versus final yr’s P6.94 billion.
This included the sale of gold and silver by Apex Mining’s Maco Mine in Davao de Oro and the Sangilo Mine operated by totally owned subsidiary Itogon-Suyoc Assets Inc.
“Alongside our continued development and robust efficiency is our rising contribution to nation-building by fee of taxes,” Apex Mining president and CEO Luis Sarmiento stated.
From January to June, the corporate’s complete excise taxes paid reached P363.42 million, considerably increased than the P267.7 million recorded in 2024.
Other than Maco and Sangilo, the group additionally operates the Suyoc Mine in Mankayan, Benguet.
Final December, Apex Mining signed a $108-million omnibus mortgage and safety settlement with Financial institution of Commerce and Philippine Nationwide Financial institution for the acquisition of Asia-Alliance Mining Assets.