BIZ BUZZ: Apex Mining goes for gold
July 28 wasn’t just another Monday, as President Marcos delivered his fourth State of the Nation Address.
But a few hours before the President reported on his administration’s accomplishments and outlined his plans for the remainder of his term, something else happened that temporarily caught the equities market off guard.
We mistakenly reported that listed gold producer Apex Mining Co. Inc., under the Razon Group, posted a net loss in the first half of 2025.
It was actually another listed mining firm—Atlas Consolidated Mining and Development Corp.—that released its first-semester earnings that day.
We have since retracted the breaking story and issued an online erratum, with due apologies to Apex Mining and its stakeholders.
As we await Apex Mining’s disclosure of its first-semester financial performance next month, the firm reports that it has made considerable strides over the last year or so.
These include declaring a special cash dividend on top of its regular cash dividend for all stakeholders.
The regular and special cash dividends total P0.13888 per share—a 70.55-percent increase over 2024, with the total payout reaching P865 million.
Apex Mining bagged the Best Managed Company (Bronze Award) under the Basic Materials category at the Asia’s Best Companies, organized by Finance Asia.
The company paid P200.85 million in business taxes and P6.08 million in real property tax this year, making it the top business taxpayer and second top real property taxpayer of the Maco local government in Davao de Oro.
On the environmental, social, and governance (ESG) side, the Mines and Geosciences Bureau has authorized Apex Mining to spend P110.5 million for different development endeavors under its Social Development and Management Program this year.
Its Maco mine in Davao de Oro, meanwhile, managed to avoid 50,722.52 tons of carbon dioxide emissions from June 2023 to March 2025 by using geothermal energy.
The list of accomplishments is indeed long, and could become longer still if financial results as of June prove to be as rosy as others think given high commodity prices in the world market.
Investors are thus waiting with bated breath for the true picture of its first-half results.
