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

Philippine Metallic Sector Value Jumps 15.1% Year-on-Year to PhP135.62 Billion in H1 2025

AngMinero News by AngMinero News
September 4, 2025
in News
27 1
0
Yamang Minerals Faces Backlash from the Diocese of Bangued for Unauthorized Mining
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The Philippine metallic mining sector surged 15.1% in the first half of 2025, with production value soaring to PhP135.62 billion from PhP117.78 billion in 2024, fueled by record-breaking gold prices that peaked at US$3,354.35 per troy ounce, according to the Mines and Geosciences Bureau (MGB).

Gold prices soared above USD 3,000 per troy ounce for most of the period, peaking at USD 3,354.35 in June. Gold production increased by 6.2 percent in volume, rising from 13,652 kilograms valued at PHP 54.80 billion to 14,493 kilograms worth PHP 79.82 billion.

The country’s leading producers, Philippines Gold Processing and Refining Corporation in Masbate, OceanaGold Philippines, Inc. in Nueva Vizcaya, and Apex Mining Corporation, collectively drove output, with the Bangko Sentral ng Pilipinas purchasing 4,371 kilograms valued at PHP 24.18 billion during the period.

Silver mirrored the gold upswing, climbing to USD 35.86 per troy ounce by midyear. All output increased from 23,239 kilograms worth PHP 1.14 billion to 24,038 kilograms valued at PHP 1.39 billion.

Copper outputs also improved, averaging USD 4.28 per pound, a 6.6 percent gain year on year. Although it contracted by 15.2 percent, falling from 142,051 dry metric tons to 120,389 dry metric tons, its value edged higher from PHP 13.27 billion to PHP 13.71 billion, supported by stronger global prices.

Carmen Copper Corporation remained as the major copper contributor, supplying more than half of the national total, followed by OceanaGold Philippines, Inc. and Philex Mining Corporation.

Nickel prices averaged USD 6.98 per pound in the first half of the year. The combined values of nickel direct shipping ore, mixed nickel-cobalt sulfide, and scandium oxalate declined from PHP 47.42 billion to PHP 39.87 billion.

Caraga maintains the top nickel-producing region, followed by Eastern Visayas, Central Luzon, and MIMAROPA. China and Indonesia remained key trading partners, with Indonesia increasing its purchases to support smelter expansion following its ore export ban.

Tariff-related uncertainties, geopolitical tensions, central bank gold accumulation, and demand for safe-haven assets supported gold, silver, and copper prices. Nickel prices, on the other hand, lost value amid market oversupply and reduced demand from major end-users.

Follow Ang Minero on Facebook and LinkedIn for more updates.

 

Tags: CopperGoldIndustry PerformanceMGBMining GrowthnickelPhilippine miningSilverTax Revenues

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

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

October 16, 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