Apex sold 17 percent less gold during the nine-month period as its mines moved through sections containing lower amounts of the metal.The average price received for gold jumped to $4,528 an ounce from $3,319, while the silver price nearly doubled to $72.89 from $36.48.
Profit grew by a slower 3.43 percent to P2.23 billion in the third quarter of 2026.Gold sales volume fell 18 percent from the same quarter last year, while silver volume dropped 20 percent.
Tunnel opens a path to richer ore
Apex is building the Tagbaros drain tunnel to reach more working areas containing higher-grade ore.The company expects its Maco mine to remain active until 2034 and has expanded the amount of ore its processing plant can handle.
Payments for land access and royalties to Indigenous communities rose 55 percent to P221.21 million during the first nine months of 2026.Community-development spending increased 36.3 percent to P106.6 million over the same period, while third-quarter spending more than doubled to P44.8 million.
—Edited by Miguel R. Camus
