SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Sep 30, 2014

2. SEC Identification Number

0000010044

3. BIR Tax Identification No.

043000283731

4. Exact name of issuer as specified in its charter

PHILEX MINING CORPORATION

5. Province, country or other jurisdiction of incorporation or organization

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

27 BRIXTON ST., PASIG CITY Postal Code 1600

8. Issuer's telephone number, including area code

632 6311381

9. Former name or former address, and former fiscal year, 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. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

PHILIPPINE STOCK EXCHANGE

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

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 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Sep 30, 2014
Currency (indicate units, if applicable)	PESO THOUSANDS

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Sep 30, 2014	Dec 31, 2013
Current Assets	6,678,781	8,387,482
Total Assets	41,302,361	39,889,982
Current Liabilities	10,582,165	9,774,947
Total Liabilities	14,677,081	13,972,728
Retained Earnings/(Deficit)	14,830,384	14,128,826
Stockholders' Equity	26,625,280	25,917,254
Stockholders' Equity - Parent	22,831,242	21,810,620
Book Value per Share	5.4	5.2

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Operating Revenue	2,596,251	3,541,989	8,377,775	7,727,902
Other Revenue	0	0	0	0
Gross Revenue	2,596,251	3,541,989	8,377,775	7,727,902
Operating Expense	1,961,590	2,215,460	6,429,623	4,940,962
Other Expense	-116,905	318,012	54,644	47,606
Gross Expense	1,844,685	2,533,472	6,374,979	4,988,568
Net Income/(Loss) Before Tax	540,325	787,398	1,366,571	2,274,008
Income Tax Expense	190,201	295,426	415,989	827,667
Net Income/(Loss) After Tax	350,124	491,972	950,582	1,446,341
Net Income Attributable to Parent Equity Holder	577,856	429,747	1,204,804	1,504,396
Earnings/(Loss) Per Share (Basic)	0.12	0.09	0.24	0.31
Earnings/(Loss) Per Share (Diluted)	0.12	0.09	0.24	0.31

Other Relevant Information
N/A