MGB Seeks New Residual Gold Recovery Process

The Metallurgical Technology Division of the Mines and Geosciences Bureau (MGB) is conducting a two-year technical study on the recovery of residual gold from the tailings of small-scale mining operations. The project would generate various schemes of gold recovery processes with corresponding capital and operating cost estimates to treat various types of gold mill tailings. […]
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Philex Mining Releases Gold, Silver and Copper Production Report for January

Pasig–(PHStocks)–Philex Mining Corporation (PSE: PX) has announced that its gold production in January totaled 10,408 ounces. It also produced 3,062,730 pounds of copper and 9,687 ounces of silver. For January, the Padcal mine delivered 811,685 DMT of ore resulting in 5,530 DMT of concentrates containing 56.88g per DMT of gold, 25.12% copper, and 54.37g per DMT of silver. […]
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PHStocks Week in Review: Going Strong

(PHStocks) – Local shares maintained their strong performance for the week, despite minimal declines due to profit taking. The bellwether Philippine Stock Exchange index (PSEi) closed at 4,251.64 points this week, up 0.25% compared last week. The all-shares index, however, shed 0.86% to close at 3,084.74 points. On a sectoral basis, all counters except the […]
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Atlas Completes 37th Shipment of Copper Concentrate

Atlas Consolidated Mining and Development Corp. (PSE: AT) has completed its 37th shipment of copper concentrate since the start of mining operations through its subsidiary Carmen Copper Corp. (CCC). Revenue from this copper concentrate shipment which weighs approximately 5,078 dry metric tons (dmt) and contains 27.52% copper, 2.25 grams of gold per dmt and 21.33 […]
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Carmen Copper Announces $26.18M Shipment for February

Carmen Copper Corp., the operating subsidiary of Atlas Consolidated Mining and Development Corp. (PSE: AT), has announced total mill throughput of 1,049,000 tonnes ore at an average grade of 0.3% Cu for February. This resulted in the production of 8,904 DMT of copper concentrate with an average grade of 27.24% Cu, 2.48g/t Au and 24.76g/t […]
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Philex Mining Posts 124% Increase in Core Net Income

Philex Mining Corp. (PSE: PX) has achieved a core net income of PhP4.151 billion for 2010, up 124% from the PhP1.85 billion in the previous year. Record price levels for gold and copper during the year raised the company’s revenue from the Padcal gold and copper mine. The favorable price levels combined with higher metal […]
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BC On Track for Growth

Benguet Corp. (PSE: BC) has generated net revenues of PhP2.26 billion for the ten-month period ended October 31, 2010, on an unconsolidated basis. This positive performance considerably reduced the Company’s retained earnings deficit to PhP2.19 billion from PhP4.46 billion, as of end-2009. Furthermore, net equity now stands at positive PhP1.04 billion compared to a negative […]
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PH GIR Hit $63.6B in January

The country’s gross international reserves (GIR) as of end-January 2011 rose to $63.6 billion, higher by $1.2 billion compared to the end-December 2010 GIR of $62.4 billion, according to Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr.  Foreign exchange inflows coming from the foreign currency deposits by the National Government (NG) of proceeds […]
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