The Manny Pangilinan-led Philex Mining Corporation is confident that there will be a boost in investor interest for its Silangan copper and gold project in Surigao del Norte as the new administration expressed support for the mining industry.
“Recent government pronouncements under President Marcos Jr. are supportive of the mining industry. These should encourage renewed investor interest and confidence in responsible mineral resource development. It is time to slay the dragon of our much-maligned past, and welcome right and principled mining as a major participant to authentic nation-building,” Philex Mining chairman Manny V. Pangilinan said.
“With government policies supportive of the mining industry, we are confident that investor in the Silangan Project will be given a boost.,” Philex Mining president and CEO Eulalio Austin Jr said.
In related developments, Philex mining registered a Php 1.333 billion core net income for the first half of 2022, a 16% increase from last year’s Php 1.149 billion.
Philex Mining recently concluded its Stock Rights Offer (SRO) period last July 12 to July 25, 2022.
