SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Feb 24, 2021

2. SEC Identification Number

10044

3. BIR Tax Identification No.

000283731000

4. Exact name of issuer as specified in its charter

PHILEX MINING CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2nd Floor LaunchPad, Reliance Cor Sheridan Sts., Mandaluyong City Postal Code 1550

8. Issuer's telephone number, including area code

+632 8631 1381

9. Former name or former address, if changed since last report

n/a

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
common	4,940,399,068

11. Indicate the item numbers reported herein

17-c

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Philex Mining CorporationPX

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
PRESS RELEASE PHILEX MINING CORE NET INCOME JUMPED TO PHP1.162 BILLION IN 2020 HIGHLIGHTS
Background/Description of the Disclosure
PRESS RELEASE PHILEX MINING CORE NET INCOME JUMPED TO PHP1.162 BILLION IN 2020 HIGHLIGHTS -Reported net income reached Php1.228 billion for full year 2020 -Core EBITDA for 2020 increased from Php1.664 billion to Php2.703 billion -4Q2020 added Php297 million to the YTD 3Q2020 Core Net Income , resulting to a full year Core Net Income of Php1.162 billion, 645% higher than core net income of Php156 million in 2019 -Favorable metal prices and production sustained the increasing momentum of both revenue and core net income since 1Q2020 -2020 operating revenues increased by 15% to Php7.834 billion from Php6.790 billion of 2019 -Declaration of 5.9 centavos cash dividend, aggregating to Php291 million, equivalent to 25% of Core Net Income -Repayment of USD15 million Parent Company debt; reduced total short-term bank loans to USD31 million - Timely Covid-19 response and consistent implementation of IATF-DOH health protocols contained the local transmission at Padcal Mine
Other Relevant Information
SEE ATTACHED