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)
Nov 9, 2023
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 Street cor. Sheridan Street, Mandaluyong City Postal Code1550
8. Issuer's telephone number, including area code
+63286311381
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
5,782,399,068
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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
PHILEX MINING POSTS PHP864 MILLION CORE NET INCOME FOR 9M2023 SILANGAN PROJECT DEVELOPMENT ACCELERATES
Background/Description of the Disclosure
HIGHLIGHTS ¿ 3Q2023 Core Net Income at Php163 million compared with Php210 million in 3Q2022; 9M2023 Core Net Income at Php864 million versus 9M2022 of Php1.543 billion ¿ 3Q2023 EBITDA at Php337 million lower than 3Q2022 EBITDA of Php611 million; 9M2023 EBITDA at Php1.525 billion versus 9M2022 at Php2.964 billion ¿ Tonnes milled for 3Q2023 was 1.693 million tonnes, slightly lower than the 1.873 million tonnes milled in 3Q2022 ¿ Gold and copper prices in 3Q2023 remained within similar levels as 2Q2023, but higher than 3Q2022 levels ¿ Operating revenues are lower at Php1.802 billion in 3Q2023 compared with Php2.044 billion in 3Q2022; operating revenues are at Php5.958 billion in 9M2023 versus Php7.058 billion in 9M2022