PHILEX Mining Corp. on Friday reported a second-quarter core net income of P305 million, down from the P314 million recorded a year earlier, even as output and prices rose.
Earnings before interest, taxes, depreciation and amortization were higher year on year at P617 million from P553 million, the company told the stock exchange.These propelled first-half core net income to P410 million and Ebitda to P912 million.The average realized gold price for the quarter was said to have risen to $2,008 per ounce from $1,937 per ounce a year ago, but was slightly lower than the $2,061 recorded three months earlier.
133 million pounds, improving from 4.669 million pounds in January-March.Total tonnes milled during the first half, meanwhile, was 3.272 million with gold output at 15,765 ounces and copper production at 9.802 million pounds.Philex also reported that development work at the Silangan Copper and Gold Project in Surigao del Norte was progressing and added that the outlook remained positive.
Income Falls To P305M Firm Upbeat On Silangan
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man falls to death from Senate Building construction siteSunStar Publishing Inc.
Read more »
Aspiring Navy cadet falls to his death at New Senate BuildingDefining the News
Read more »
Foreign residents rise in Japan as number of citizens fallsTOKYO — The number of foreigners living in Japan has hit a record high, according to official data released on Wednesday that also showed the East Asian nation's largest-ever yearly drop in Japanese citizens.
Read more »
Japan's population falls for a 15th year with record low births and record high deathsTOKYO (AP) — Japan's total population declined for the 15th straight year in 2023, dropping by more than a half-million people as the population ages and births remain low.
Read more »
Tesla profit falls short again as Musk demands investor patienceTesla Inc. reported its fourth straight quarter of disappointing profits on Tuesday, and Chief Executive Officer Elon Musk made clear that better days are still a ways off. The electric vehicle giant won’t unveil a highly anticipated robotaxi until October 10—and that will only be a prototype.
Read more »
NKorean trash balloon falls on Seoul's presidential compoundSEOUL — Trash from at least one North Korean balloon fell on South Korea's presidential compound on Wednesday, raising worries about the security of key South Korean facilities from the North's provocations.
Read more »