StocksMedium•30 October 2026•
1 min read
Philex Mining Core Net Income Surges 56% in Third Quarter
Key Facts
1Philex Mining reported a third-quarter core net income of P537 million, up 56% from P344 million a year earlier.
2The Silangan mine produced its first metal following the completion of its processing plant commissioning.
3Operating revenues grew 6% to P2.67 billion, supported by higher realized gold and copper prices.
Philex Mining reported a third-quarter core net income of P537 million in 2026, representing a 56% increase from P344 million a year earlier. InsiderPH reported that operating revenues grew 6% to reach P2.67 billion during the period.
The earnings growth was supported by higher realized prices for gold and copper. Additionally, the company achieved a milestone at its Silangan mine, which produced its first metal following the completion of its processing plant commissioning, marking a shift toward expanded commercial operations.