Philex ships out P2 B in metals

MANILA, Philippines—Philex Mining Corp. disclosed Friday that it shipped P2.057 billion in various metals in April 2012.

Of the amount, P1.174 billion was in gold, P860 million in copper, and P23 million in silver.

Philex president and chief operating officer Eulalio B. Austin Jr. reported to the Philippine Stock Exchange that the gross sales figure was based on provisional prices of $1,659 per ounce of gold, $3.75 per pound copper, and $31.98 per ounce of silver.

Follow Us

Recent Stories:

• AirAsia net profit falls nearly 40% in 1st quarter
• Rinehart loses $7B but still Australia’s richest
• US stocks fall as market eyes possible Fed retreat
• Solar plane aims for new world distance record
• Myanmar reforms ‘bear fruit,’ growth to accelerate—IMF
• Asian shares mixed, Tokyo ends at 5-year high
• Hotels’ bid for tax perks rejected
• US company eyes coco products from PH
• Q1 GDP growth seen at 6%
• PH, Brazil forge air agreement to mount flights

Short URL: http://business.inquirer.net/?p=57243

Tags: copper , gold , philex , Philippine Stock Exchange , sales , silver