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Apex Mining Company Inc.

Apex Mining Co. Inc. Reports Significant Progress in 2024, Awaits First-Half Earnings Announcement

Strategic Insights

— 1 min read

Apex Mining Co. Inc., a listed gold producer under the Razon Group, has made significant strides in the past year, despite a temporary setback with a reported mistake in its first-half earnings release. The company has declared a special cash dividend on top of its regular cash dividend for all stakeholders, resulting in a 70.55% increase over 2024. Apex Mining has also been recognized as the Best Managed Company (Bronze Award) under the Basic Materials category at the Asia's Best Companies, organized by Finance Asia. The company has paid P200.85 million in business taxes and P6.08 million in real property tax this year, making it the top business taxpayer and second top real property taxpayer of the Maco local government in Davao de Oro.

Key Takeaways:

  • Apex Mining Co. Inc. reports a 70.55% increase in total dividend payout to P865 million for 2024.
  • The company has been awarded the Best Managed Company (Bronze Award) under the Basic Materials category at the Asia's Best Companies.
  • Apex Mining paid P200.85 million in business taxes and P6.08 million in real property tax this year.
  • The company has been recognized for its environmental, social, and governance (ESG) efforts, with the Mines and Geosciences Bureau authorizing P110.5 million for development endeavors under its Social Development and Management Program.
  • Apex Mining's Maco mine in Davao de Oro has reduced carbon dioxide emissions by 50,722.52 tons from June 2023 to March 2025 by using geothermal energy.
  • The company awaits the announcement of its first-half earnings results for June 2024.
  • Apex Mining Co. Inc. has reported significant progress in the past year, moving towards a potential longer list of accomplishments.

Statistics:

  • Dividend payout increase: 70.55%
  • Total dividend payout: P865 million
  • Business taxes paid: P200.85 million
  • Real property tax paid: P6.08 million
  • Authorized ESG development fund: P110.5 million
  • Carbon dioxide emissions reduction: 50,722.52 tons
  • Time period for emissions reduction: June 2023 to March 2025

Sources:

  • "Apex Mining reports significant strides after correction of earlier report" by Jordeene B. Lagare, Philippine Daily Inquirer (July 28, no date specified)

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