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Last $7.08 PHP
Change Today -0.22 / -3.01%
Volume 949.8K
PX On Other Exchanges
As of 1:57 AM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

philex mining corp (PX) Snapshot

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52 Week High
08/4/14 - $12.88
52 Week Low
04/16/15 - $6.35
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philex mining corp (PX) Details

Philex Mining Corporation, together with its subsidiaries, engages in the exploration, development, and utilization of mineral, and oil and gas resources in the Philippines. The company holds interests in the Padcal mine that produces copper concentrates containing copper, gold, and silver covering an aggregate of 95 hectares located in Benguet Province; and the Silangan project covering the Boyongan and Bayugo copper-gold deposits located in Surigao. It also owns interests in various service contracts for the acquisition, exploration, and development of oil and gas properties; and the production of hydrocarbon products in the Philippines and Peru. The company was incorporated in 1955 and is based in Pasig City, the Philippines.

2,575 Employees
Last Reported Date: 04/6/15
Founded in 1955

philex mining corp (PX) Top Compensated Officers

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philex mining corp (PX) Key Developments

PHILEX Mining Corp. Secures Approval for Silangan Copper Mine

PHILEX Mining Corp. has secured government approval to start the development of its $1.2 billion Silangan copper-gold mine on the island of Mindanao, giving the miner a new revenue source with the life of its Padcal mine expected to end in the next five years. Philex told the stock exchange the Department of Environment and Natural Resources, through the Mines and Geosciences Bureau, approved on April 10 the Declaration of Mining Project Feasibility of the Silangan project. Likewise, the government authorized Silangan Mindanao Mining Co. Inc., a subsidiary of Philex, to proceed to the Development and Operating Periods of Mineral Production Sharing Agreement No. 149-99-XII, subject to compliance with the conditions of the order. The approval is important for Philex with the mine life of Padcal, currently the company's big revenue generator, seen ending by 2020.

Philex Mining Corp. Reports Audited Consolidated Cash Flow Results for the Full Year Ended December 31, 2014

Philex Mining Corp. reported audited consolidated cash flow results for the full year ended December 31, 2014. For the year, the company reported net cash flows from operating activities of PHP 1,788,171,000 against PHP 2,470,797,000 a year ago. Additions to property, plant and equipment was PHP 2,353,691,000 against PHP 2,309,854,000 a year ago.

Philex Mining Corporation Approves Cash Dividend with Payment Date on March 25, 2015

The board of directors of Philex Mining Corporation at their meeting held on February 25, 2015, approved the declaration of cash dividend at the rate of 2 Centavos (PHP 0.02) per share. Record date is March 11, 2015 and the payment date is March 25, 2015.


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Price/Earnings 36.3x
Price/Sales 3.7x
Price/Book 1.5x
Price/Cash Flow 30.0x
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