Saturday, February 10, 2018

Philex Mining Corporation (PX)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Philex Mining Corporation (PX)
Sector
Mining and Oil
Incorporation Date
Jul 19, 1955
Subsector
Mining
Number of employees
1,982 (Group Total)
Board of Directors
Chairman: Manuel V. Pangilinan
Website / E-mail
http://www.philexmining.com.ph / philex@philexmining.com.ph
2. Stock Information
Total Assets
39,218,116,000
Market Capitalization
28,901,334,547.80
Total Liabilities
14,871,615,000
Outstanding Shares
4,940,399,068
Retained Earnings
15,376,611,000
Listed Shares
4,940,399,068
Listing Date
Nov 23, 1956
Issued Shares
4,940,399,068
Board Lot
100
Free Float Level (%)
33.56%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
FIRST PACIFIC COMPANY
ASIA LINK B.V.
TWO RIVERS PACIFIC HOLDING CORP.
SOCIAL SECURITY SYSTM
10.52%
20.71%
14.96%
20.04%
4. Company Descriptions and Business Development
Notes
1. Related companies: PX, PXP, MPI and TEL, MER
2. Asia link is a wholly owned subsidiary of First Pacific Company.
Overview
For the past 59 years, the Company has operated the Sto. Tomas II deposit at Padcal, Tuba, Benguet Province. Padcal mine’s life expanded till 2022 since it found more reserves.
Silangan project with the covering area of 16,620 hectares is under various stages of pre-development.
Business
Revenue contribution in 2016
Gold
Copper
6,209
3,976
60%
39%
It produced 103,304 ounces of gold and 34,961,062 pounds of copper in 2016.

Subsidiaries / Associates / Affiliates / Joint Ventures
Philex Gold Philippines, Inc. (PGPI)
Silangan Mindanao Mining Co., Inc. (SMMCI)
PXP Energy Corporation (PXP, 19.8%)

+++++++++++++++++++++++++++++++++++++++++

MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...