AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home News

Benguet Forecasts Stronger 2025 with Gold Surge

AngMinero News by AngMinero News
March 28, 2025
in News
26 2
0
Benguet Forecasts Stronger 2025 with Gold Surge
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Listed mining firm Benguet Corporation is forecasting a robust financial performance in 2025, buoyed by surging gold prices that have already breached the $3,000 per ounce mark this year. In a recent disclosure to the Philippine Stock Exchange (PSE), the company expressed optimism about surpassing its 2024 operating results while outlining plans to diversify and enhance shareholder value.

“As gold prices continued to soar, breaching the $3,000 per oz level this year, Benguet is positive that 2025 will surpass the 2024 operating results,” the mining firm stated. The company also highlighted its newly strengthened financial position, noting, “Looking forward, after having fully settled its long outstanding debt, the management is poised to undertake diversification strategies and to continue to improve shareholders value.”

Benguet’s optimism comes despite a dip in its 2024 financials. The company reported a net income of P436 million for the year, a 21.3% decrease from the P554 million earned in 2023. Revenues also declined slightly to P2.4 billion from P2.5 billion the previous year.

According to the company’s SEC filing dated March 26, 2025, the drop in net income was attributed to the effects of its debt settlement, finalized in December 2024 through a mutual rescission agreement that rendered Benguet debt-free.

Despite lower nickel sales due to a 16% slump in nickel prices, Benguet’s Acupan mine played a pivotal role in sustaining its performance, contributing significantly through its gold output. This was bolstered by a 24% year-on-year increase in bold prices and a favorable exchange rate with the appreciation of the US dollar against the peso. These factors helped offset the nickel downturn, pushing the company’s total equity to P9.14 billion in 2024, up from P8.37 billion the previous year.

The company credited its rationalization program at the Acupan mine, initiated in 2024, for further enhancing its gold operations. With its debt now cleared and gold prices on an upward trajectory, Benguet is positioning itself for growth and diversification in the coming year.

What are your thoughts on Benguet Corp.’s plans for diversification in 2025? Share your insights!

Follow AngMinero on Facebook for more news and updates.

Tags: Acupan mineBenguetCorpdiversificationGold Pricesmining firmMining PH

Related Posts

Celsius Advances Benguet Copper-Gold Project, Eyes 2027 Output
News

High-Grade Drills and Water Clearance Push Celsius Resources’ Kalinga Copper-Gold Project Forward

September 16, 2025
Mining Ownership Transparency Strengthened Under SEC-DOF Agreement
News

Mining Ownership Transparency Strengthened Under SEC-DOF Agreement

September 16, 2025
Mining Fiscal Regime Overhaul Awaits Marcos’ Signature, Promises Predictability for Investors and Higher Revenues for Government
News

Four Mining Giants Showcase Industry’s Legacy at Baguio Charter Day Exhibit

September 15, 2025
OceanaGold projects increased gold production at Didipio Mine
News

Mine Rehab Costs Drop from PHP 3.5M Hectare to PHP 1.3M Hectare as OceanaGold Adopts New Ecological Approach

September 15, 2025
DENR-MGB Issues Critical Warning on Landslide and Flood Risks Amid Heavy Rains
News

14 New Mineral Lands Under Review by 2026 to Boost Mining Growth

September 12, 2025
Mining Fiscal Regime Overhaul Awaits Marcos’ Signature, Promises Predictability for Investors and Higher Revenues for Government
News

Yamang Minerals Ordered to Halt Abra Operations Over Indigenous Consent Violations

September 12, 2025

FEATURED POST

Celsius Advances Benguet Copper-Gold Project, Eyes 2027 Output

High-Grade Drills and Water Clearance Push Celsius Resources’ Kalinga Copper-Gold Project Forward

September 16, 2025
Mining Ownership Transparency Strengthened Under SEC-DOF Agreement

Mining Ownership Transparency Strengthened Under SEC-DOF Agreement

September 16, 2025
Mining Fiscal Regime Overhaul Awaits Marcos’ Signature, Promises Predictability for Investors and Higher Revenues for Government

Four Mining Giants Showcase Industry’s Legacy at Baguio Charter Day Exhibit

September 15, 2025
OceanaGold projects increased gold production at Didipio Mine

Mine Rehab Costs Drop from PHP 3.5M Hectare to PHP 1.3M Hectare as OceanaGold Adopts New Ecological Approach

September 15, 2025

EDITOR PICK'S

High-Grade Drills and Water Clearance Push Celsius Resources’ Kalinga Copper-Gold Project Forward

September 16, 2025

Mining Ownership Transparency Strengthened Under SEC-DOF Agreement

September 16, 2025

Four Mining Giants Showcase Industry’s Legacy at Baguio Charter Day Exhibit

September 15, 2025

Mine Rehab Costs Drop from PHP 3.5M Hectare to PHP 1.3M Hectare as OceanaGold Adopts New Ecological Approach

September 15, 2025

14 New Mineral Lands Under Review by 2026 to Boost Mining Growth

September 12, 2025

Yamang Minerals Ordered to Halt Abra Operations Over Indigenous Consent Violations

September 12, 2025

#AralLakbay Launched: Nickel Asia and CANVAS Bring Climate Lessons to Children

September 9, 2025

Recent News

Celsius Advances Benguet Copper-Gold Project, Eyes 2027 Output

High-Grade Drills and Water Clearance Push Celsius Resources’ Kalinga Copper-Gold Project Forward

September 16, 2025
Mining Ownership Transparency Strengthened Under SEC-DOF Agreement

Mining Ownership Transparency Strengthened Under SEC-DOF Agreement

September 16, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In