Enrique Razon Jr.-backed Apex Mining Co. grew first-half net income by 68 percent to P5.39 billion as soaring gold and silver prices more than offset lower production and sales volumes.
Apex Mining Co., Inc. is pressing ahead with a $300-million expansion pipeline after soaring gold prices helped nearly double first quarter earnings despite weaker production.
Five homegrown companies, from gold and broadband to coffee and banking, have landed on Forbes Asia’s 2025 Best Under a Billion list, spotlighting resilient Philippine businesses amid a cooling regional economy.
Tycoon Enrique Razon Jr.’s Apex Mining Co. Inc. delivered a strong financial performance in 2024, posting a 28 percent increase in net income to P4.3 billion, up from P3.4 billion in 2023.