Alsons, trading under the symbol ACR, hit P1.12 from Wednesday’s P0.80 close before closing at P1.04, still up 30 percent.
More than 102 million shares worth P101.8 million had changed hands as investors chased another listed company with a link to the massive Tampakan copper-gold project.
Share price more than doubled this year
Shares of ACR have soared over 120 percent since the start of 2026.
Founded by the late industrialist Conrado Alcantara, the Alcantara Group built its business empire around Mindanao, with interests spanning power, property and mining.
Its listed holding company, Alsons Consolidated Resources Inc., traces its roots to a mining company established in 1974 before the Alcantara family took control in the 1990s. Today, Alsons is best known for its power generation business, with several plants across Mindanao.
Tampakan connection
Alsons Consolidated owns 1.81 percent of Indophil Resources Phils. Inc., while affiliate Alsons Corp. holds another 0.23 percent, new filings on Thursday showed.
Indophil owns 40 percent of Sagittarius Mines Inc., the company behind Tampakan in South Cotabato.
Dominion deal ignites interest
Interest intensified after Sy-Consunji-backed Dominion Holdings unveiled plans to absorb Indophil and Sonar Holdings Inc., which together control 100 percent of Sagittarius Mines’ voting rights.
The transaction would effectively place the company behind Tampakan inside a listed vehicle.
This also paves the way for the development of Tampakan, described as Southeast Asia’s largest undeveloped copper-gold resource, with the project targeting the start of commercial operations as early as 2028, Dominion Holdings president Frederic DyBuncio said last week.
—Edited by Miguel R. Camus
