Apex Mining Co., Inc. has doubled its cash dividend rate up to 20% of consolidated net income and declared a special dividend, which brings total payouts to PHP 3.83 billion.
The company’s board approved the increase in its dividend policy from 10% to 20%, with dividends to be sourced from unrestricted retained earnings. The move comes alongside the declaration of both regular and special cash dividends.
“The increase in cash dividend payout manifests the company’s commitment to continuously provide value to its shareholders,” said Apex Mining President and CEO Luis R. Sarmiento.
The higher dividend payout follows a strong financial performance in 2025, with Apex Mining posting PHP 21.34 billion in consolidated revenues, which is up from PHP 15.1 billion in 2024.
Net income reached PHP 7.66 billion, representing a 77% increase from PHP 4.32 billion in the previous year.
The company’s revenues were driven by gold and silver sales from its operating mines, including the Maco Mine in Davao de Oro and the Sangilo Mine in Benguet operated by its subsidiary, Itogon-Suyoc Resources, Inc.
In 2025, Apex Mining sold 100,425 ounces of gold at a realized price of USD 3,531 per ounce, despite a slight decline in volume compared to the previous year. Silver sales reached 365,007 ounces, up from 2024 levels, with a realized price of USD 43.04 per ounce, also higher year-on-year.
“Through the years, we have been focusing on strengthening and stabilizing our balance sheet. We have been channeling our earnings back to mining operations, exploration and development of new sources of ores as well as the acquisition of new machineries and equipment,” Sarmiento said.
“Despite the current uncertainties in the global arena, our expansion plans are proceeding smoothly,” he added.
Apex Mining Chief Finance Officer Billy G. Torres said its subsidiary Asia-Alliance Mining Resources Corp., acquired in 2023, presents further opportunities for growth and expansion.
The company first declared cash dividends in 2022, totaling PHP 65.7 million based on its net income after tax in 2021.
How will strong commodity prices continue to shape dividend payouts in the mining sector?
Follow Ang Minero on Facebook and LinkedIn for more updates.
