Philex incurs Q1 net loss on lower output

MANILA, Philippines – Philex Mining Corp. incurred a net loss of P592.48 million in the first quarter of 2026, reversing a net income of P130.58 million in the same quarter last year due to lower production. In a disclosure on Monday, the Pangilinan-led mining company reported its revenue declined by 43 percent to P1.08 billion. READ: philex-2025-income-climbs-to-p929-69m-on-record-metal-prices Philex Mining said the decline in ore throughput and metal production at the Padcal mine in Benguet province caused the negative performance. During the period, tons milled decreased by 42 percent to 931,000 tons with gold grade at 0.123 grams per dry metric […]... Keep on reading: Philex incurs Q1 net loss on lower output

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