MANILA, Philippines — Philex Mining Corp. recorded a net loss for the six months ending June despite posting higher earnings in the second quarter due to unrealized foreign exchange losses.
In a disclosure on Wednesday, the Manuel Pangilinan-led mining company said its net loss reached P200.4 million in the first semester of 2026, a reversal from a net income of P301.4 million in the same period a year ago.
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Philex Mining posted a second-quarter net income of P392 million, a sharp reversal from the P592-million net loss a year earlier.FEATURED STORIES
