Tuesday, February 6, 2018

Apex Mining Co., Inc. (APX)

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For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Apex Mining Co., Inc. (APX)
Sector
Mining and Oil
Incorporation Date
Feb 26, 1970
Subsector
Mining
Number of employees
1,906 (Group Total)
Board of Directors
Chairman: Ramon Y. Sy, President/Director: Walter W. Brown
Website / E-mail
2. Stock Information
Total Assets
11,520,744,521
Market Capitalization
10,338,293,235.06
Total Liabilities
6,217,135,219
Outstanding Shares
6,227,887,491
Retained Earnings
749,429,990
Listed Shares
6,152,562,788
Listing Date
Mar 07, 1974
Issued Shares
6,227,887,491
Board Lot
1,000
Free Float Level (%)
29.17%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
PCD NOMINEE CORP (FILIPINO)
MINDANAO GOLD LTD
MONTE ORO RESOURCES AND ENERGY, INC.
PCD NOMINEE CORP (NON-FILIPINO)
80%
09%
03%
03%
4. Company Descriptions and Business Development
Notes
1.  Prime Metroline Holdings, Inc is holding 40.32% through PCD.
Overview
The Company’s Compostela Valley mine produces bullion containing gold and silver, all of which are smelted in Hongkong through Heraeus Limited. On September 11, 2014, it purchased 100% of Monte Oro Resources & Energy, Inc. (MORE). MORE owns Paracale Gold Ltd. which, through a subsidiary, owns a mineral processing plant in Camarines Norte and 40% of Bulawan Mineral Resources Corporation; among others. It also has interest in solid waste management and 30% of SC 72 gas field,
Business
Revenue contribution in 2016
Gold
Silver
3,265,000,000
257,000,000
92.7%
7.3%


Gold production was 54,681 ounces and the price was $1,255 per ounce. Silver production was 309,623 and the price was $17.5 per ounce. As of 2016, estimated mineral resource reserves are 2,560,000 tones and Ore reserves are 1,210,000 tones.

Subsidiaries / Associates / Affiliates / Joint Ventures
Itogon-Suyoc Resources, Inc. (ISRI, 100%) owns Sangilo and Suyoc mines in Benguet Province.
Monte Oro Resources & Energy, Inc. (MORE, 100%)
International Cleanvironment Systems, Inc.(52%) manage, rehabilitate and introduce ecologically friendly technologies for waste disposal, recycling and energy generation.

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