Higher gold, silver prices push up metal output value

The value of metallic minerals produced in the Philippines rose by a little over a tenth in the first half of 2025, driven largely by higher prices of gold and silver, the Mines and Geosciences Bureau said.

- By ALDEN MONZON

The MGB, an attached agency of the Department of Environment and Natural Resources (DENR), said the sector's total value reached $2.48 billion, up from $2.16 billion in the same period last year, marking a 15.1 percent increase.

"The strong performance of the metallic mineral sector in the first half of 2025 was largely supported by gold and silver prices," MGB said.

It said gold consistently traded above $3,000 per troy ounce, peaking at $3,354.35 in June 2025, while silver reached its highest price in the same month at $35.86 per troy ounce.

Copper also showed strength, rising by 6.6 percent to an average of $4.28 per pound by mid-2025, while nickel fell to an average of $6.98 per pound during the same time frame.