Philex chief finance officer Romeo Bachoco said in a recent investors’ briefing organized by the Philippine Stock Exchange the company would launch this month a debt syndication program.
Philex would also infuse fresh capital from its cash reserves for the Silangan mine project, which is set to start commercial operations by 2025. Silangan has estimated mineral resources of 571 million tons, with 0.52 percent copper and 0.64 percent gold. Eulalio said Philex was looking to extend the mine life of Padcal either by maximizing existing resources or exploring the vicinity of mine for additional resources.
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