Philex Mining profit up 14% on higher gold, metal prices

Philex Mining profit up 14% on higher gold, metal prices

MANILA, Philippines — Philex Mining Corp. reported a net income of P130.58 million in the first quarter, up 14 percent from a year ago, due to buoyant gold and copper prices. In a stock exchange disclosure on Friday, the Pangilinan-led listed mining company attributed the boost in its profitability to higher revenues and metal prices.