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 29, 2024

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 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	5,782,399,068

11. Indicate the item numbers reported herein

Press Release

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
PHILEX MINING DELIVERS PHP963 MILLION CORE NET INCOME FOR 2023 AS SILANGAN PROJECT NOW MIDWAY ON ITS UNDERGROUND DECLINE DEVELOPMENT
Background/Description of the Disclosure
HIGHLIGHTS Net Income reached Php1.018 billion for full year 2023 Core Net Income declined to Php963 million from Php1.733 billion in 2022 due to lower tonnage milled and elevated operating cost and expenses Sustained favorable metal prices and foreign exchange rates cushioned the impact of elevated operating cost and expenses Declaration of 2 centavos cash dividend per common share, aggregating Php116 million Silangan Project development works continue with the completion of the funding requirement
Other Relevant Information
Please refer to the attached press release for the relevant details. This press release may contain forward looking statements with respect to the results of operations and business of PX. Such forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual performance of PX to be different from any future performance implied.