Apex Mining Co., Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 13, 2022 at 08:48 am
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Apex Mining Co., Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was PHP 2,229 million compared to PHP 1,548.26 million a year ago. Net income was PHP 645.61 million compared to PHP 278.81 million a year ago. Basic earnings per share from continuing operations was PHP 0.114 compared to PHP 0.049 a year ago. Diluted earnings per share from continuing operations was PHP 0.114 compared to PHP 0.049 a year ago.
Apex Mining Co., Inc. is a Philippines-based company, which is engaged in the business of mining, milling, concentrating, converting, smelting, treating, preparing for the market, manufacturing, buying, selling, exchanging, and otherwise producing and dealing in gold, silver, copper, lead, zinc brass, iron, steel and all kinds of ores, metals and minerals. It operates the Maco Mines in Maco, Davao De Oro. Maco Gold Mine is situated in the municipalities of Maco and Mabini. It holds interests in Monte Oro Resources & Energy, Inc. (MORE), which owns Paracale Gold Ltd., which owns Coral Resources Philippines Inc., which in turn owns a mineral processing plant in Jose Panganiban, in Camarines Norte, and Bulawan Mineral Resources Corporation. It also holds interest in Itogon-Suyoc Resources, Inc., which is a subsidiary of the Company, which consists of the Sangilo Mine in Itogon and the Suyoc Mine in Mankayan, both located in Benguet Province, and the Benit Claim in Labo, Camarines Norte.
APEX MINING CO., INC. 
