Listed mining firm Apex Mining Company posted a 70 percent jump in its consolidated net income for the first half of 2025 at P3.2 billion compared to P1.89 billion in the first half last year.
The company in a statement on Wednesday, said the increase was mainly driven by higher metal prices for the period.
Apex Mining said the average realized prices of gold for the first half of the year amounted to $3,121 per ounce, or 37.9 percent higher than the $2,264 per ounce in the comparative period last year.
The company said the realized price of silver for the period was 23.5 percent more at $33.18 per ounce than the previous year’s $26.86 per ounce.
Apex Mining’s revenues grew by 37 percent to P9.5 billion as against the P6.94 billion last year.
The company recorded a 2.9 percent drop in gold production reaching51,436 ounces for first half of 2025 compared to the 52,993 ounces last year.
However, silver production increased by 12 percent at 197,925 ounces from 176,838 ounces.
