September 02, 2014 10:16 AM ET

Metals and Mining

Company Overview of Philex Mining Corp.

Company Overview

Philex Mining Corporation, together with its subsidiaries, is engaged in the exploration, development, and utilization of mineral, oil and gas, and coal resources in the Philippines. The company holds interests in under 12 mineral holdings with an aggregate 95 hectares located in the Sto. Tomas II deposit at Padcal, Benguet Province that produces copper concentrates containing copper, gold, and silver; and owns the Silangan Project covering the Boyongan and Bayugo deposits in Surigao. It also owns participation interests in various service contracts in the Philippines; and is involved in various exploration activities primarily in Peru and the Philippines. Philex Mining Corporation was incor...

Philex Building

27 Brixton Street

Pasig City,  1600

Philippines

Founded in 1955

Phone:

63 2 631 1381

Fax:

63 2 633 3234

Key Executives for Philex Mining Corp.

Philex Mining Corp. does not have any Key Executives recorded.

Philex Mining Corp. Key Developments

Philex Mining Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014 and Production Results for the Second Quarter Ended June 30, 201

Philex Mining Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014 and production results for the second quarter ended June 30, 2014. For the second quarter, the company reported revenue was PHP 2,657,010,000 compared with PHP 3,099,909,000 for the same period in the last year. Income from operations was PHP 462,926,000 compared with PHP 1,057,200 for the same period in the last year. Income before income tax was PHP 449,782,000 compared with PHP 881,225,000 for the same period in the last year. Net income attributable to equity holders was PHP 374,421,000 compared with PHP 653,966,000 for the same period in the last year. Basic and diluted earnings per share was PHP 0.0758 compared with PHP 0.1326 for the same period in the last year. For the six month, the company reported revenue was PHP 5,356,539,000 compared with PHP 3,941,704,000 for the same period in the last year. Income from operations was PHP 888,508,000 compared with PHP 1,216,204,000 for the same period in the last year. Income before income tax was PHP 826,247,000 compared with PHP 1,486,610,000 for the same period in the last year. Net income attributable to equity holders was PHP 626,949,000 compared with PHP 1,074,650,000 for the same period in the last year. Basic and diluted earnings per share was PHP 0.1270 compared with PHP 0.2178 for the same period in the last year. Revenues for the first six months hit PHP 5.782 billion, up 38% from a year earlier, reflecting the 178 days of operation in the six months to June compared with 115 days a year earlier. For he quarter, the company's gold production was 25,844 ounces in the second quarter, down 2% from the first quarter. Copper production for the period fell to 8,728,904 pounds from 9,468,009 pounds in the first quarter.

Philex Mining Corp. Amends its Articles of Incorporation to Change the Principal Place of Business; Approves to Change the Principal Place of Business

The Shareholders of Philex Mining Corp. at the Annual General Meeting held on June 25, 2014, approved amendment of Articles of Incorporation to change the principal place of business to Philex Building, 27 Brixton Street, Pasig City, Metro Manila.

Philex Mining Corp., Board Meeting, Jun 25, 2014

Philex Mining Corp., Board Meeting, Jun 25, 2014. Agenda: To approve management appointments.

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