Apex Mining Co. Inc. reported a 70 percent year-on-year increase in its consolidated net income for the first half of 2025, reaching ₱3.2 billion compared to ₱1.89 billion in the same period last year. The company attributed the sharp rise primarily to higher realized prices for gold and silver.
The listed miner said the average realized price of gold climbed 37.9 percent to US$3,121 per ounce, while silver rose 23.5 percent to US$33.18 per ounce, boosting overall profitability despite a marginal 2.9 percent decline in gold production to 51,436 ounces. Silver output, however, rose 12 percent to 197,925 ounces.
Revenue for the January-June period grew 37 percent to ₱9.5 billion, up from ₱6.94 billion in H1 2024.
Apex Mining, a key player in the Philippine mining sector, operates the Maco gold mine in Davao de Oro and, through its wholly owned subsidiary Itogon-Suyoc Resources, runs the Sangilo and Suyoc mines in Benguet.
