Consolidated gross revenues grew 31 percent year-on-year to P3.4 billion as the realized price per ounce of gold was higher at $2,149 in the first quarter compared to the year-earlier $1,929.Higher gold and silver sales, up 16 percent and 11 percent respectively, also increased the firm's topline,'We are confident that we can sustain our performance throughout the year, barring any major obstacle that may come our way,' Apex President and CEO Luis Sarmiento said in a statement.
in line with efforts to expand its mining operations in Davao de Oro.Total ore tonnes milled in the first quarter rose 12 percent to 204,636 from the 182,639 tonnes produced in 2023.Gold recovery slightly fell to 85.45 percent from 88.77 percent, while the average ore gold grades were lower at 3.59 grams per tonne compared to the 4.56 grams per tonne recorded previously.Apex subsidiary Itogon-Suyoc Resources Inc.
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