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Apex Mining Co., Inc.

Company Description
Apex Mining Company, Inc. (APX) was incorporated on February 26, 1970 primarily to carry on the business of mining, milling, concentrating, converting, smelting, treating, preparing for market, manufacturing, buying, selling, exchanging and otherwise producing and dealing in gold, silver, copper, lead, zinc brass, iron, steel and all kinds of ores, metals and minerals. The Company’s operation is situated in the municipalities of Maco and Mabini, Compostela Valley.

In February 2012, the Company unveiled Apex 3000, the project which was created to help expand the Company’s current processing capacity of 850 tons per day (TPD) to 3,000 TPD by the end of 2013. However, In December 2013, the Board of APX approved a new, more realistic expansion program considering the ore deposit at the underground mines in Maco, Compostela Valley, which will increase the capacity of Maco Mines from 850 TPD to 1,500 TPD. The Company’s mine produces bullion containing gold and silver, all of which are smelted in Hongkong through Heraeus Limited.

On September 11, 2014, the Board approved the purchase of Monte Oro Resources & Energy, Inc. (MOREI). MOREI owns Paracale Gold Ltd. which, through a subsidiary, owns a mineral processing plant in Camarines Norte and 40% of Bulawan Mineral Resources Corporation; among others.

On June 24, 2015, the Company acquired 98% of the total outstanding capital stock of Itogon-Suyoc Resources (ISRI), thereafter acquiring the 2% balance in August 2016. ISRI owns the mill and production facilities of the Sangilo and Suyoc mines in Itogon, Benguet.

Source: SEC Form 17-A (2016)
Security Information
Sector Mining and Oil
Subsector Mining
Corporate Life 50
Incorporation Date Feb 26, 1970
Number of Directors 7
Stockholders' Meeting as per By-Laws June - last Wednesday except holidays
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Banco de Oro Unibank, Inc. - Trust Banking Group
Contact Information
Business Address Unit 3304-B West Tower, PSE Centre, Exchange Road, Ortigas Center, Pasig City, Philippines 1605
E-mail Address
Telephone Number 706-2805/706-2806
Fax Number 706-2804