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Philex Mining Corp. recorded a 14.75% rise in attributable net income to P929.69 million for 2025, up from P810.2 million in 2024, due to increased gold and copper prices. Revenues rose 8.21% to P8.85 billion.

Gold prices reached a record $4,338 per ounce in Q4 2025, while copper peaked at $5.24 per pound. Despite a 20.66% drop in gold production and an 8.21% decline in copper output, stronger metal prices offset these losses. The Silangan Project aims for its first metal pour by Q1 2026, while operational challenges at the Padcal Mine may impact near-term performance.