Philex Mining benefits from higher metal prices

abs-cbnNEWS.com

MANILA, Philippines - Higher metal prices boosted the value of ore produced from Philex Mining Corp.’s Padcal mine in Benguet province.

In a disclosure to the Philippine Stock Exchange, Philex said the estimated value of its production for the first 2 months of the year rose 9% to P1.58 billion from P1.45 billion in the same period in 2009.

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