Apex Mining Co., Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 14, 2022 at 10:15 pm EDT
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Apex Mining Co., Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was PHP 2,537.17 million compared to PHP 1,538.22 million a year ago. Net income was PHP 917.76 million compared to PHP 210.05 million a year ago. Basic earnings per share from continuing operations was PHP 0.162 compared to PHP 0.037 a year ago. Diluted earnings per share from continuing operations was PHP 0.162 compared to PHP 0.037 a year ago.
For the six months, revenue was PHP 4,765.98 million compared to PHP 3,086.48 million a year ago. Net income was PHP 1,565.55 million compared to PHP 488.86 million a year ago. Basic earnings per share from continuing operations was PHP 0.276 compared to PHP 0.086 a year ago. Diluted earnings per share from continuing operations was PHP 0.276 compared to PHP 0.086 a year ago.
Apex Mining Co., Inc. is a Philippines-based company, which is engaged in the business of mining, milling, concentrating, converting, smelting, treating, preparing for the market, manufacturing, buying, selling, exchanging, and otherwise producing and dealing in gold, silver, copper, lead, zinc brass, iron, steel and all kinds of ores, metals and minerals. It operates the Maco Mines in Maco, Davao De Oro. Maco Gold Mine is situated in the municipalities of Maco and Mabini. It holds interests in Monte Oro Resources & Energy, Inc. (MORE), which owns Paracale Gold Ltd., which owns Coral Resources Philippines Inc., which in turn owns a mineral processing plant in Jose Panganiban, in Camarines Norte, and Bulawan Mineral Resources Corporation. It also holds interest in Itogon-Suyoc Resources, Inc., which is a subsidiary of the Company, which consists of the Sangilo Mine in Itogon and the Suyoc Mine in Mankayan, both located in Benguet Province, and the Benit Claim in Labo, Camarines Norte.
APEX MINING CO., INC. 
