Apex Mining Q1 profit: P853-M (+55%)

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Apex Mining reported a Q1 net income of P853 million, up 55% y/y from its Q1/23 net income of P549 million.

] reported a Q1 net income of P853 million, up 55% y/y from its Q1/23 net income of P549 million. Consolidated revenues were up 31% y/y to P3.4 billion thanks to the “surge in realized price per ounce of gold” which increased from $1929 in Q1/23 to $2149 in Q1/24. APX’s sales volume of gold also increased 16% to take advantage of that uptrend in pricing to 27,373 ounces. Its silver sales volume increased 11% to 93,081 ounces.

DITO CME posted a FY23 net loss attributable of P8.1 billion, which is a 30% improvement over its FY22 net loss attributable...

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