Philex Mining produces P1.4B worth of metals in July:
MANILA, Philippines—Philex Mining Corp. disclosed on Monday that the company produced P1.4 billion worth of metals in July.
In a disclosure to the Philippine Stock Exchange, it was reported that Padcal mine in Benguet, which is currently closed due to a damaged tailings pond, produced 12,302 ounces of gold, 3.87 million pounds of
copper, and 11,251 ounces of silver.
Production was valued at P1.4 billion, of which P833 million was from gold, P555 million from copper, and P13 million from silver, Philex senior vice president for finance Renato N. Migrino said.
The estimates were based on provisional metal prices of $1,622 per ounce for gold; $3.44 per pound for copper; and $28 per ou...
Keep on reading: Philex Mining produces P1.4B worth of metals in July
In a disclosure to the Philippine Stock Exchange, it was reported that Padcal mine in Benguet, which is currently closed due to a damaged tailings pond, produced 12,302 ounces of gold, 3.87 million pounds of
copper, and 11,251 ounces of silver.
Production was valued at P1.4 billion, of which P833 million was from gold, P555 million from copper, and P13 million from silver, Philex senior vice president for finance Renato N. Migrino said.
The estimates were based on provisional metal prices of $1,622 per ounce for gold; $3.44 per pound for copper; and $28 per ou...
Keep on reading: Philex Mining produces P1.4B worth of metals in July
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