Net Income of Lepanto Consolidated Mining Company as of the end of May 2025 reached P659 million, compared with P16 million for the same period last year.

 

The increase is attributable to the 23% growth in production from 8,258 oz. gold to 10,151oz., and the higher gold price, $3,035 per oz. compared with $2,182 per oz. last year. Increase in expenses was relatively minimal at 9% compared with last year.

 

Lepanto continues to produce gold from the Victoria and Teresa deposits. All efforts on equipment acquisition and upgrades are focused on improving productivity and metal recoveries. Presently, there are five active drill rigs drilling for both grade control and exploration, with encouraging results.