Philex plans Silangan production boost

Philex Mining Corp. plans to immediately double the ore production of its Silangan project once it begins operations next year, capitalizing on the upward trajectory of gold prices.

- By DEXTER BARRO II

Philex Chairman Manuel V. Pangilinan announced that Silangan gold and copper mine will commence commercial operations in the first quarter of 2026, with its first metal output expected by the end of March.

The mine, located in Surigao del Norte province, will produce gold bars and copper cathodes. As the first phase of the project, mining activities will focus on the mineral-rich Boyongan ore body.

Under its mining plan, ore production at Silangan would be set at 2,000 tons per day for five years.

In the sixth year, the mining and processing rate will increase to 4,000 tons per day, or around 1.3 million tons per year.