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 Business

LUGI PA RIN: Lepanto Mining cuts net loss to P 775 million for 2018

AngMinero News by AngMinero News
April 17, 2019
in Business, News
27 1
0
Duterte lifts open-pit ban on Lepanto mine
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Lepanto Consolidated Mining Co., through high revenues and better output, cut its net loss 18 percent to P 775 million for 2018.

The mining firm’s production of gold, white silver, and copper all increased while prices for the minerals slipped.

From 23, 390 ounces in 2017, gold production for 2018 rose to 28,147 ounces. White silver on the other hand went up from 54,649 ounces to 87,365. Lastly, copper production increased to 3.17 million pounds, a stark difference from 2017’s 1.39 million.

Lepanto said gold pricing fell to $ 1,262 per ounce; silver had an eight percent drop to $ 15.65 per ounce; and copper’s worth also declined and was priced at around $ 2.96 per pound.

Meanwhile, the mining firm also saw an increase in major cost items including mining cost by P 165 million and milling cost by P 169 million. These increases, according to the company, were due to the higher tonnage delivered and processed in 2018.

Likewise, in relation to marketing, handling and assaying of copper-gold concentrate, marketing expenses of Lepanto reached P 35 million.

Production tax, on the other hand, increased by P52 million amid doubling of the excise tax.

Lepanto spent P 667 million, bulk of which was allotted for mine exploration and development, for its capital expenditures in 2018.

In fact, the mining firm’s mill upgrades in Mankayan, Benguet which needs Falcon concentrators and modifications replacement for improved gold and copper recoveries is near completion.

Tags: BenguetCopperGoldlepanto consolidated mining coPhilippine miningWhite Silver

Related Posts

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte
News

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte

October 28, 2025
De Lima urges House probe into alleged illegal mining in Nueva Vizcaya
News

De Lima urges House probe into alleged illegal mining in Nueva Vizcaya

October 28, 2025
Investors show interest in Philex’s Silangan mine ahead of 2026 launch
News

Investors show interest in Philex’s Silangan mine ahead of 2026 launch

October 27, 2025
President Marcos urges sustainable, law-abiding mining investments in PH
News

President Marcos urges sustainable, law-abiding mining investments in PH

October 27, 2025
Chamber of Mines says reforms can revive PH mining exports
News

Chamber of Mines says reforms can revive PH mining exports

October 27, 2025
SMPC declares PHP1.25 special cash dividend, total 2025 payout at PHP13.8B
Business

SMPC declares PHP1.25 special cash dividend, total 2025 payout at PHP13.8B

October 20, 2025

FEATURED POST

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte

October 28, 2025
De Lima urges House probe into alleged illegal mining in Nueva Vizcaya

De Lima urges House probe into alleged illegal mining in Nueva Vizcaya

October 28, 2025
Investors show interest in Philex’s Silangan mine ahead of 2026 launch

Investors show interest in Philex’s Silangan mine ahead of 2026 launch

October 27, 2025
President Marcos urges sustainable, law-abiding mining investments in PH

President Marcos urges sustainable, law-abiding mining investments in PH

October 27, 2025

EDITOR PICK'S

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte

October 28, 2025

De Lima urges House probe into alleged illegal mining in Nueva Vizcaya

October 28, 2025

Investors show interest in Philex’s Silangan mine ahead of 2026 launch

October 27, 2025

President Marcos urges sustainable, law-abiding mining investments in PH

October 27, 2025

Chamber of Mines says reforms can revive PH mining exports

October 27, 2025

SMPC declares PHP1.25 special cash dividend, total 2025 payout at PHP13.8B

October 20, 2025

FNI legal team earns top honors at 2025 ALB Philippine Law Awards

October 16, 2025

Recent News

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte

DENR sets public scoping for proposed Mapawa Gold Project in Surigao del Norte

October 28, 2025
De Lima urges House probe into alleged illegal mining in Nueva Vizcaya

De Lima urges House probe into alleged illegal mining in Nueva Vizcaya

October 28, 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