Philex Mining H1 core net income jumps to P1.15 billion

PHILEX Mining Corp. saw its core net income climb to P1.149 billion in the first six months of 2021, an increase of 186 percent from last year's P402 million.

"Satisfactory execution of the mining plan resulted in sustained level of metal output, and optimum operating cost and expenses delivered the higher core net income for the quarter and year-to- date ended June 30, 2021," Philex Mining said in a disclosure.