Philex Mining doubles income projections for this year
August 13th, 2009
Filed under: Operator - Philex
CHERYL M. ARCIBAL, GMANews.TV
Philex Mining Corp., one of the country’s largest miners, has doubled its annual income projections for this year as it expects higher gold and copper prices.
Instead of the previous forecast of P1.5 billion, the company is expecting to earn P3 billion this year, still higher than profits of P2.8 billion in 2008.
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