Listed miner Apex Mining Co., Inc. posted a 70% increase in consolidated net income for the first half of 2025, reaching ₱3.2 billion compared with ₱1.89 billion in the same period last year. The gold producer sold 51,436 ounces of gold in the first half of 2025, slightly lower than the 52,993 ounces sold year over year. Despite the drop in gold sales ...

DMCI Mining subsidiary Berong Nickel Corporation (BNC) has signed a Mineral Production Sharing Agreement (MPSA) with the Department of Environment and Natural Resources (DENR), through the Mines and Geosciences Bureau (MGB) on August 8, 2025 for its Long Point property in Aborlan, Palawan. Covering about 2,177.34 hectares, the MPSA grants BNC the exclu...

OceanaGold (Philippines) Inc. (PSE: OGP) booked a net income of nearly $15 million (about ₱851 million) in the second quarter of 2025 on revenues of $96 million (₱5.44 billion), buoyed by record gold prices and higher output from its Didipio mine in Luzon. Earnings per share came in at $0.01, while the average realized gold price hit an all-time high o...

Global Ferronickel Holdings, Inc. (FNI) saw its net income surge more than threefold in the first half of 2025 as strong nickel ore prices offset weaker shipment volumes caused by bad weather and regulatory delays. The listed nickel ore producer reported net income attributable to shareholders of ₱622.1 million (about US$11.01 million), up 200.4 percen...

Nickel Asia Corp. (NAC) saw its first-half 2025 profit soar by 88 percent to ₱2.1 billion, driven by stronger nickel ore prices despite lower shipment volumes caused by unfavorable weather. The listed natural resources company told the Philippine Stock Exchange on August 6 that its attributable net income, excluding minority interest, jumped from ₱1.12...

The Mines and Geosciences Bureau (MGB) has granted an Exploration Permit (EP) to Woggle Corporation, an affiliate of FCF Minerals Corporation, for its Dupax Exploration Project in Dupax del Norte, Nueva Vizcaya. The permit, signed on August 4, 2025 at the MGB Central Office, covers 3,102 hectares and allows Woggle to undertake exploration activities to...

Celsius Resources Limited and its Philippine affiliate Makilala Mining Company Inc. (MMCI) announced that work on the updated Feasibility Study and Front-End Engineering & Design (FEED) for the Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project remains on schedule, backed by funding from the Maharlika Investment Corporation (MIC), the country’s soverei...

The Philippines has surged to 16th place in the Fraser Institute’s 2024 Annual Survey of Mining Companies, a dramatic leap from 72nd out of 86 jurisdictions in 2023 in the Investment Attractiveness Index. In the Policy Perception Index, the country also climbed to 25th out of 82 jurisdictions, improving significantly from 79th place the previous year. ...

The Philippine Extractive Industries Transparency Initiative (PH-EITI) and the Philippine Tax Academy (PTA) have formalized a three-year partnership to advance transparency, accountability and fiscal literacy in the country’s extractive industries. Through a memorandum of understanding (MOU) signed on 5 August at the Diamond Hotel in Manila, the two in...

Integrated energy company Semirara Mining and Power Corp. (SMPC) posted a net income of Php4.1 billion in the second quarter of 2025, down 33% from Php6.1 billion in the same period last year. The decline was primarily due to the continued stabilization of coal and electricity prices. “While energy prices eased, we ramped up coal production and boosted...

Philex Mining Corp. reported a net income of Php171 million in the second quarter of 2025, bringing its first-half profit to Php301 million, even as core earnings and revenue showed signs of strain amid fluctuating commodity prices. The company’s second-quarter earnings were down from the Php215 million posted during the same period last year. Core net...

Manicani Island, Eastern Samar — Nickel Asia Corporation (NAC) environmental team recently conducted an on-site engagement with residents of Manicani Island to address their environmental concerns related to its subsidiary, Hinatuan Mining Corporation – Manicani Nickel Project (HMC-MNP). The NAC environmental team, composed of in-house foresters, marin...

Grand Terra Mining Resources Inc. (GTMRI) has successfully produced the first nickel metal from Philippines laterite ores at its demonstration leach plant in Leyte. The President of GTMRI, Leoben Evangelista said, “This is a great achievement for the Philippines. The innovative vat leaching system and the use of resins to purify solutions followed by elec...

The Department of Environment and Natural Resources–Mines and Geosciences Bureau (DENR–MGB) said the newly imposed 50% US tariff on Philippine copper exports will have modest short-term effects but could trigger significant long-term adjustments. In the short term, the impact is expected to remain limited—US buyers account for only a small portion of P...

The Mines and Geosciences Bureau participated in the Workshop on Advancing Sustainable Resource Management: Enhancing Underground Mining and Mine Reclamation Expertise Across ASEAN in Bandung, Indonesia from June 23 to 26, 2025. The said activity was hosted by the Human Resource Development Center for Geology, Mineral, and Coal on behalf of the Ministr...

Philex Mining Corp. may seal a deal with foreign investors as early as next year to help fund its $1-billion Silangan copper-gold project in the southern Philippines, Chairman Manuel V. Pangilinan said during the company’s annual general meeting on June 26. The mining giant, which has a market capitalization of PHP 38.4 billion ($678 million), is banki...