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Apex profit soars as gold prices rally
The Philippine Star
|November 17, 2024
Razon-led Apex Mining Co. Inc. said its net income from January to September rose by a third to P3 billion as revenues soared, driven by higher ore milled and elevated gold prices.
Profit during the nine-month period reached P3.07 billion, up from P2.31 billion in the same period last year, Apex Mining said.
"Our high performing team focused on driving efficiency and productivity despite operational challenges," said Apex Mining president and CEO Luis Sarmiento while crediting higher ore milled and surge in gold prices as the main drivers of the company's positive performance during the reference period.
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