THE country’s biggest gold producer, Philex Mining Corp., said on Wednesday its net income in the first three months of the year grew 14 percent from a year ago despite the continued slump in metal prices and lower ore grades at the company’s Padcal copper-gold mine in Benguet.

In a disclosure to the Philippine Stock Exchange, Philex reported that its net profit reached P305.3 million in January-March 2015, up by 14 percent from P267.4 million during the same period last year.

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