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Philex Mining Reports Core Net Loss of Php281 Million in Q1 2026 Amid Transition to Silangan Project

Philex Mining Corporation reported a core net loss of Php281 million for Q1 2026, a decline from a core net income of Php71 million in Q1 2025. The loss was attributed to reduced ore throughput and metal production at the Padcal Mine due to restoration works, despite a significant increase in gold prices to USD4,960 per ounce.