“The substantial growth was largely driven by higher demand for raw materials as global economies recover from the pandemic. Clearly, despite restrictive quarantine and strict adherence to minimum health protocols, the company remained focused on its production targets and business goals,” the company said in a disclosure.
Nickel operations under BenguetCorp Resources Management Corp. accounted for 72% of the revenue, followed by gold operations at 25% while lime operations and the healthcare business at 3%. Over the years, it invested in the development of the Balatoc tailings project and Surigao coal project. It continues to hold interest in the various projects, namely: Acupan gold, Ampucao gold-copper, Pantingan gold, Benguet oreline contract operation, and the Ilocos Norte and the Kalinga financial or technical assistance agreement prospects.
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