Philex Mining net income down in first half
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Philex Mining net income down in first half
ABS-CBN News
Published Jul 26, 2024 10:12 AM PHT
Philex Mining Corporation's logo at the Mining Conference in Pasay, August 24, 2016. Jonathan Cellona, ABS-CBN News
Philex Mining Corporation's logo at the Mining Conference in Pasay, August 24, 2016. Jonathan Cellona, ABS-CBN NewsMANILA -- Philex Mining Corporation's first half core net income went down to P410 million from P702 million in the same period last year.
MANILA -- Philex Mining Corporation's first half core net income went down to P410 million from P702 million in the same period last year.
Earnings before interest, tax, depreciation and amortization (EBITDA) were also lower at P912 million from the P1.19 billion in the first half of 2023.
Earnings before interest, tax, depreciation and amortization (EBITDA) were also lower at P912 million from the P1.19 billion in the first half of 2023.
In the second quarter, net income also fell to P305 million, from P314 million in the same period of the previous year.
In the second quarter, net income also fell to P305 million, from P314 million in the same period of the previous year.
The company said gold prices from April to June were higher at $2,008 per ounce, against the $1,937 per ounce same period in Q2023, but slightly lower than the $2,061 in the first quarter.
The company said gold prices from April to June were higher at $2,008 per ounce, against the $1,937 per ounce same period in Q2023, but slightly lower than the $2,061 in the first quarter.
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Copper prices for the second quarter was also up at $4.45 per pound, higher than the $3.82 in the same period in 2023.
Copper prices for the second quarter was also up at $4.45 per pound, higher than the $3.82 in the same period in 2023.
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