The Philippines’ metallic mineral production value rose 18.2 percent year on year to ₱301.32 billion in 2025, driven largely by stronger global prices for gold and nickel, data from the Mines and Geosciences Bureau (MGB) showed.
The figure, based on preliminary results as of Feb. 24, 2026, marked a sharp increase from ₱254.94 billion recorded in 2024.
Gold remained the industry’s top revenue contributor. Output declined 8.8 percent to 26,325 kilograms from 28,863 kg a year earlier, but higher prices pushed the value of gold production up 29.6 percent to ₱163.70 billion from ₱126.33 billion.
Among primary producers, the Masbate Gold Project of Filminera Mining Corp. and Philippine Gold Processing & Refining Corp. generated ₱38.93 billion, up 46.4 percent in value. FCF Minerals’ Runruno Gold-Molybdenum Project contributed ₱12.66 billion, 11.7 percent higher year on year despite lower output.
Greenstone Resources Corp.’s Siana Gold Project posted one of the strongest gains, with production value surging 197 percent to ₱8.93 billion.
Silver production fell 17.5 percent to 44,599 kg from 54,071 kg, but its production value increased 7 percent to ₱3.11 billion.
Copper output showed mixed results. Copper concentrate production declined 9.7 percent to 231,885 dry metric tons (DMT), while its value slipped 2.2 percent to ₱26.63 billion. Copper metal equivalent fell 13.3 percent year on year.
Nickel provided a major boost to overall performance. Direct shipping ore (DSO) output rose 5.6 percent to 37.81 million DMT, while its value jumped 18.1 percent to ₱69.36 billion, reflecting improved market prices.
Among key nickel operations, the Taganito Nickel Project in Surigao del Norte saw production value surge 111.1 percent to ₱12.11 billion. The Cagdianao Nickel Project in Claver posted a 27.7-percent increase in value. Nickel operations in Carrascal, Surigao del Sur likewise recorded double-digit value growth across several tenements.
Mixed nickel-cobalt sulfide production rose 6.8 percent to 76,666 DMT, although its value edged down 1.6 percent to ₱36.79 billion.
Other minerals registered declines. Chromite production dropped 16.2 percent in volume and 24.5 percent in value to ₱1.32 billion. Iron ore output decreased 22.6 percent, with value falling 19.5 percent to ₱328.95 million. Scandium oxalate production plunged 56.4 percent, while its value declined 55.8 percent to ₱86.08 million.
The 2025 results underscore the mining sector’s sensitivity to global commodity price movements. Despite softer output volumes for several metals, elevated prices—particularly for gold and nickel—lifted total production value to a new high.
MGB data show that gold and nickel accounted for the bulk of sectoral gains, highlighting their continued importance to the Philippines’ mineral export profile.
