Philex says Silangan timetable could slip if no financing by first half of 2020

BAGUIO CITY — Philex Mining Corp. said the initial stages of development of its Silangan gold and copper project in Surigao del Norte could be delayed if it canot raise $350 million in financing by the first half of 2020.

“Depende pa din sa availability of funds pero for sure if by 2020 wala pa yung initial money for early works, the timetable will move (It depends on the availability of funds but for sure if by 2020 there is still no initial money for early works, the timetable will move),” Philex Mining President and Chief Executive Officer Eulalio B. Austin, Jr. said on the sidelines of an event here. Company have good numbers of years



  • We are speculating that the project will go on schedule
  • Corporate Governance & Valuation looks reasonable
  • Fundamentally sounds fair
  • We buy cautiously in stages

Join us and learn how to trade the Stock Market safely @ REGISTER HERE

Article by: Ashok MBA – Strategic Financial Coach


Leave a reply

Your email address will not be published. Required fields are marked *



We're not around right now. But you can send us an email and we'll get back to you, asap.


FINWAZE makes no representations or warranties, express or implied, in relation to this website ( or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?