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Last $0.05 USD
Change Today -0.02 / -28.57%
Volume 301.0
PXMFF On Other Exchanges
Symbol
Exchange
Philippines
OTC US
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

philex mining corp (PXMFF) Key Developments

Philex Mining Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Consolidated Production Results for the Second Quarter Ended June 30, 2015

Philex Mining Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of PHP 2,289,166,000 against PHP 2,657,010,000 a year ago. Income before income tax was PHP 401,352,000 against PHP 449,782,000 a year ago. Net income attributable to equity holders of the parent company was PHP 278,432,000 or PHP 0.0564 per basic and diluted share against PHP 374,421,000 or PHP 0.0758 per basic and diluted share a year ago. For the six months, the company reported net cash from operating activities of PHP 1,563,119,000 against PHP 1,005,227,000 a year ago. Additions to property, plant and equipment was PHP 857,599,000 against PHP 797,601,000 a year ago. EBITDA was PHP 1,517,147,000 against PHP 1,746,268,000 a year ago. For the second quarter of 2015, gold production was up by 7% to 27,692 ounces compared with 25,844 ounces for the same period in 2014. The increase in gold production was, however, not sufficient to offset the impact of the declining gold prices that averaged USD 1,187 per ounce versus USD 1,311 per ounce in comparative period of 2014. For the second quarter of 2015, copper production was also down by 2% to 8,529,086 pounds compared with 8,728,904 pounds in 2014. The decrease in copper production for the period, coupled with the significant drop in copper prices that averaged at USD 2.48 per pound in 2015 versus USD 3.22 per pound in 2014.

Philex Mining Corporation Announces Unaudited Consolidated Earnings and Production Results for the Six Months Ended June 30, 2015

Philex Mining Corporation announced unaudited consolidated earnings and production results for the six months ended June 30, 2015. For the six month, the company reported revenue was PHP 4,482,269,000 compared with PHP 5,356,539,000 for the same period in the last year. Income before income tax was PHP 817,253,000 compared with PHP 826,247,000 for the same period in the last year. Net income attributable to equity holders was PHP 606,974,000 compared with PHP 626,949,000 for the same period in the last year. Basic and diluted earnings per share was PHP 0.1229 compared with PHP 0.1270 for the same period in the last year. Total consolidated revenues for the period amounted to PHP 4.886 billion compared to PHP 5.782 billion a year ago. The company’s Padcal mine operated for 178 days in the first six months of 2015 and milled 4.47 million tonnes of ore. The tonnage translated to 53,689 ounces of gold produced as grades improved to 0.442 grams/tonne (g/t). Meanwhile, copper output reached 16.9 million pounds compared to 18.2 million pounds a year ago, with copper grade slightly lower at 0.206% compared to 0.218% a year ago.

Philex Mining Corp., Philex Petroleum Corporation, Q2 2015 Earnings Call, Jul 30, 2015

Philex Mining Corp., Philex Petroleum Corporation, Q2 2015 Earnings Call, Jul 30, 2015

Philex Mining Corp. Appoints Joan A. De Venecia as Vice President and General Counsel, Effective August 01, 2015

Philex Mining will announced the appointment of Joan A. De Venecia as Vice President and General Counsel. The effective date is August 01, 2015.

Philex Mining Corp. Announces Resignation of Eliza R. Antonino as A Member of Board of Directors

Philex Mining Corp. announced the resignation of Eliza R. Antonino as a member of board of directors of the company.

 

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Price/Sales 2.7x
Price/Book 1.0x
Price/Cash Flow 19.9x
TEV/Sales 0.9x
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