APEX MINING CO., INC.
Apex Mining Co., Inc. is primarily in the business of mining and related activities. It debuted in the Philippine Stock Exchange in March 1974; its ticker symbol is APX.
APX owns and operates the Maco Gold Mine in Davao De Oro, located in Southern Mindanao. In 2015, it acquired its wholly-owned subsidiary, Itogon-Suyoc Resources Inc.. ISRI’s two mines in Benguet are the Sangilo Mine Site in Itogon and the Suyoc Mine Site in Mankayan.
Monte Oro Resources & Energy, Inc. (MOREI), a wholly-owned subsidiary acquired in 2014, holds a 30% participating interest in Service Contract 72 (SC72) covering the Sampaguita natural gas field offshore northeast of Palawan. MOREI also has several mining interests and projects located in and outside the Philippines, as well as a 52% interest in a domestic company in solid waste disposal management.
APX, registered with the Securities and Exchange Commission in February 1970, marks its 52nd year in 2022.
ITOGON-SUYOC RESOURCES, INC.
Itogon-Suyoc Resources, Inc. (ISRI) is a 100%-owned subsidiary acquired by the Company in June 2015.. ISRI is the assignee-company in 2002 of the mining assets of the former Itogon-Suyoc Mines, Inc. (ISMI), which consisted of the Sangilo Mine in Itogon and the Suyoc Mine in Makayan, both located in Benguet Province, and the Benit Claim in Labo, Camarines Norte.
Both Sangilo and Suyoc mines have long history of mining operations before and after the Second World War. Post-war operations from 1951 to 1996 recorded combined production of 1,285,242 ounces of gold and 728,063 ounces of silver from 8.2 million tonnes of ore mined, which was quite remarkable considering the less efficient mining and processing methods then as compared to present practices.
Sangilo Mine
A two-stage development program for the Sangilo mine is underway. The first stage commenced in October 2015 is for the construction of a 400-tonnes per day plant capacity with interim phases to reach at 75 tonnes per day while underground development is being pushed through in fresh and old headings. Incidental production to 2016 accounted for 1,547 ounces of gold valued at P P92.1 million. The second stage plan is a separate plant at 1,500 tonnes per day which will bring the mine’s total installed capacity to 1,900 tonnes per day at the estimated total investment cost of $68.8 million..
The mine is ISO 14001:2015 certified for environmental management system granted by TUV Rheinland in April 2017. The scope of the certification is for exploration, mining and mineral processing, valid until 2020.
Suyoc Mine
The plan for the Suyoc mine is for a 300 tonnes per day operation, to commence plant construction and mine development work after the reserve validation of the mine now in progress is completed. Investment cost for the Suyoc mine is estimated to be $36.8 million.
The mine is ISO 14001:2015 certified for environmental management system granted by TUV Rheinland in April 2017. The scope of the certification is for mining exploration and project development activities valid until 2020.