Philex Mining Corporation

is the largest gold and copper producer in the Philippines, having continuously operated the Sto.
Tomas II deposit at Padcal, Tuba, Benguet, Philippines since 1958. The Padcal gold-copper mine is
the first underground block cave operation in the Far East and has produced since 1958 a total of
928.9 million kilograms of copper (2,050 million pounds), 170.1 million grams of gold (5,471.1
thousand ounces) and 185.6 million grams of silver (5,981.5 thousand ounces).

Company Description

Philex Mining Corporation (PX) was incorporated on July 19, 1955 to primarily engage in mining activitie
The Company and its subsidiaries are organized into two main business groupings: the metals business
under the PX, Philex Gold Philippines, Inc. (PGPI) and Silangan Mindanao Mining Co., Inc. (SMMCI), and th
energy and hydrocarbon business under the Philex Petroleum Corporation. PX and its subsidiaries are
primarily engaged in large-scale exploration, development, and utilization of mineral resources.

The Company operates the Padcal mine for the past 58 years using the underground block-cave method
It is one of the oldest operating mines in the country and produces copper concentrates, containing
copper, gold and silver. PGPI operated the Bulawan mine in Negros Occidental until the second quarter o
2002. Silangan Mindanao Exploration Co., Inc., through SMMCI, owns the Silangan project covering the
Boyongan and Bayugo deposits in Surigao.
Source: SEC Form 17-A (2015)

In 1996, Philex Mining commenced commercial operation of the Bulawan gold mine in Negros
Occidental, Philippines under its subsidiary, Philex Gold Philippines, Inc. (PGPI). The mine was
eventually decommissioned in 2002 and since then placed under care and maintenance. PGPI
focused on its Surigao property where the Boyongan and Bayugo copper-gold porphyry deposits
were discovered and explored under Silangan Mindanao Mining Co. Inc. The Silangan Project is
currently in its pre-feasibility study stage.

Security Information
Sector

Mining and Oil

Subsector

Mining

Corporate Life

50

Incorporation Date

Jul 19, 1955

Number of Directors

11

Stockholders' Meeting as per By-Laws

June - any day

Fiscal Year

12/31 (Month/Day)

External Auditor

SyCip, Gorres, Velayo & Company

Transfer Agent

Stock Transfer Service, Inc.

Contact Information
Business Address

Philex Building 27 Brixton & Fairlane Sts. Bo. Kapitolyo, Pasig City

E-mail Address

philex@philexmining.com.ph

Telephone Number

631-1381 to 88

Fax Number

633-3242; 634-4441

Website

http://www.philexmining.com.ph

Status

Open

Market Capitalization

42,438,027,994.12

Issue Type

Common

Outstanding Shares

4,940,399,068

ISIN

PHY689911352

Listed Shares

4,940,399,068

Listing Date

Nov 23, 1956

Issued Shares

4,940,399,068

Board Lot

100

Par Value

1.00

Board of Directors
Position
Chairman

Free Float Level(%)

33.03%

Foreign Ownership Limit(%)

Management Officers
Name

Position

Name

Manuel V. Pangilinan
President and Chief Executive
Officer
Juan B. Santos
Treasurer,
Eulalio B. Austin,
Jr. Senior Vice
President - Finance, Chief
Financial Officer, Compliance
Robert C. Nicholson
Officer and Corporate
Edward A. Tortorici
Governance Officer

Eulalio B.
Austin, Jr.

Director

Marilyn A. VictorioSenior Vice President and

Aquino
Padcal Resident Manager

Manuel A.
Agcaoili

Director

Barbara Anne
C. Vice President - Public
Senior
Migallos
and Regulatory Affairs

Michael T.
Toledo

Director

Bienvenido Vice
E. President - Exploration
Laguesma

Redempt
a P.
Baluda

Vice Chairman
Director
Director
Director

Director
Independent
Director
Independent
Director

Michael Victor N.
Alimurung Vice President - Environment
and Community Relations
Oscar J. Hilado
Vice President and General
Counsel
Wilfredo A. Paras

Danny Y.
Yu

Victor A.
Francisco
Joan A.
De
Venecia

40%

Balance Sheet
Item
Current Assets

Current Year

Previous Year

5,271,457

9,530,483

43,549,024

44,640,348

5,714,884

7,522,818

Total Liabilities

16,265,122

17,598,528

Retained Earnings/(Deficit)

15,496,271

14,712,032

Stockholders' Equity

27,283,902

27,041,820

Stockholders' Equity - Parent

24,562,783

23,599,417

5.52

5.47

Total Assets
Current Liabilities

Book Value

Income Statement
Item

Current Year

Previous Year

Gross Revenue

9,361,632

10,898,077

Gross Expense

8,219,401

9,843,795

Net Income/(Loss) Before Tax

1,142,231

1,054,282

Net Income/(Loss) After Tax

775,635

702,845

Net Income/(Loss) Attributable to Parent

896,181

1,005,552

Earnings/(Loss) Per Share (Basic)

0.18

0.20

Earnings/(Loss) Per Share (Diluted)

0.18

0.20

Balance Sheet

Item

Period Ended

Fiscal Year Ended(Audited)

Current Assets

11,834,650

5,271,457

Total Assets

44,205,138

43,549,024

8,554,046

5,714,884

Total Liabilities

18,016,302

16,265,122

Retained Earnings/(Deficit)

14,805,142

15,496,271

Stockholders' Equity

26,188,836

27,283,902

Stockholders' Equity - Parent

23,693,455

24,562,783

5.30

5.52

Current Liabilities

Book Value

Income Statement
Item

Current Year
(3 Months)

Previous Year
(3 Months)

Current YearTo-Date

Previous YearTo-Date

Gross Revenue

2,189,839

2,243,330

4,368,864

4,398,817

Gross Expense

1,675,482

1,798,883

3,227,399

3,492,281

Net Income/(Loss)
Before Tax

514,357

444,447

1,141,465

906,536

Net Income/(Loss) After

Tax

350,641

302,550

786,047

654,056

Net Income/(Loss)
Attributable to Parent

352,168

278,433

778,603

606,974

Earnings/(Loss) Per
Share (Basic)

0.07

0.06

0.16

0.12

Earnings/(Loss) Per
Share (Diluted)

0.07

0.06

0.16

0.12