Apex Mining
Apex Mining Co., Inc. is a Philippine-owned gold producer operating the Maco Gold Mine in Davao de Oro and subsidiaries MOREI, ISRI, and Asia-Alliance, selling gold, silver, and mineral concentrates to bullion buyers and refiners under the PSE:APX listing.
- Company typePublic
- Founded1970
- HeadquartersPasig, Philippines
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Apex Mining does
Apex Mining Co., Inc. is a Philippine-owned and Filipino-managed gold producer with origins in the Maco Gold Mine in Masara, Maco, Davao de Oro, Mindanao. The company mines and mills gold, silver, and various ores/metals/minerals through a conglomerate of three wholly-owned subsidiaries: Monte Oro Resources & Energy, Inc. (MOREI), Itogon-Suyoc Resources, Inc. (ISRI, Benguet/Cordillera operations), and Asia-Alliance Mining Resources Corp. (acquired via Share Purchase Agreement in December 2022, takeover announced February 2023; permitting ongoing as of the 2025 ASM). Operations comprise underground mining at the Maligaya Underground Complex, open-pit extraction, and an on-site Mill Complex that processes ore into doré and concentrates. The Maco mine is powered by renewable geothermal energy, enabling the company to cut more than 50,000 tons of CO2 emissions and claim a structurally lower carbon footprint than diesel-dependent peers. Apex Mining holds MPSA-225-2005-XI and MPSA-234-2007-XI tenements and is triple-certified to ISO 9001 (Quality), ISO 14001:2015 (Environmental), and ISO 45001 (OH&S) under an Integrated Management System.
The company generates revenue by selling gold doré, silver, and mineral concentrates to bullion buyers and refiners at commodity-linked prices. Apex Mining has been listed on the Philippine Stock Exchange since March 31, 2023 under ticker APX with 6,227,887,491 outstanding shares, paying ₱865M in total dividends for 2025 (a doubled cash dividend rate plus a special dividend). Reported financials show strong momentum: FY2023 consolidated net income of ₱3.5B grew to ₱4.3B in FY2024 (+28% YoY); 9-month 2025 consolidated gross revenue reached ₱15.48B; Q1 2025 net income rose 70% YoY to ₱1.4B; and Q1 2026 net income reached ₱2.82B (+94% YoY) even with a 20% dip in gold volume sold, indicating margin expansion. The company is publicly positioned as a top 5 PSE performer in 2025 (+228.7% YTD) and a Forbes Asia Best Under a Billion 2025 honoree.
The go-to-market is direct B2B offtake to enterprise bullion buyers and refiners (both domestic and international), supplemented by investor relations programs targeted at PSE retail and institutional shareholders via Stock Transfer Service, Inc. (STSI) and the corporate secretary. The company is now channeling capital into a USD 300M gold-copper CAPEX pipeline announced alongside Q1 2026 results, while continuing to pursue SDMP-based host community engagement (APEX @YOS! medical missions, APX Scholars, TESDA training, BBSB collaboration with DaSSMA small-scale miners) and labor-management peace initiatives recognized by DOLE-NCMB. Customer concentration is moderate: gold doré is sold into a fungible global commodities market, but specific offtake contracts are not publicly disclosed.
Apex Mining firmographics
Firmographics- Name
- Apex Mining
- Legal name
- Apex Mining Co., Inc.
- Website
- https://apexmines.com
- Company type
- Public
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Apex Mining Co., Inc. is a Philippine-owned gold producer operating the Maco Gold Mine in Davao de Oro and subsidiaries MOREI, ISRI, and Asia-Alliance, selling gold, silver, and mineral concentrates to bullion buyers and refiners under the PSE:APX listing.
- Ownership category
- akta.pro rank
Apex Mining industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222), Metal Ore Mining (2122)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000), Primary Smelting & Refining Of Nonferrous Metals (3330)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Silver Mining (IMAKAEAB), Precious Metals Ore Processing & Beneficiation (IMAKAEAD)
Keywords
Where Apex Mining is headquartered
LocationHeadquarters
- HQ city
- Pasig
- HQ country
- Philippines
- HQ region
- Asia
Offices4 records
Markets served
Apex Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales, Others
Revenue model
- Mining and milling of gold, silver and ores/metals/minerals: Core revenue stream generated from extraction, milling and sale of gold, silver and all kinds of ores, metals and minerals at the Maco Gold Mine (MPSA-225-2005-XI and MPSA-234-2007-XI) and through subsidiaries MOREI, ISRI and Asia-Alliance. Sales are made to bullion buyers/refineries under commodity-pricing arrangements. Q3 2025 consolidated gross revenue reached 15.48 billion pesos over nine months; 2024 consolidated net income was P4.3 billion (+28% YoY).
- Equity / capital markets financing: Listed on the Philippine Stock Exchange (ticker APX) since March 31, 2023 with 6,227,887,491 outstanding shares. The company raises equity capital from public markets and pays regular and special cash dividends (e.g., P865 million total dividend payout declared for 2025; doubled dividend rate with a special dividend).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Commodity pricing (gold, silver, ores) sold to bullion buyers/refineries |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Apex Mining product offering
Product offeringCore offering
Apex Mining extracts, mills, and sells gold, silver, and all kinds of ores, metals, and minerals, with its flagship Maco Gold Mine in Masara, Maco, Davao de Oro (Mindanao) serving as the core operating asset. Output is sold to enterprise bullion buyers and refineries under commodity-pricing arrangements tied to international spot prices, with the operation supported by three wholly-owned subsidiaries (MOREI, ISRI, Asia-Alliance) and a USD 300 million gold-copper expansion CAPEX pipeline.
Product overview
Apex Mining Co., Inc. operates a single unified mining and milling business rather than a multi-product technology platform. Its product offering — the mining and milling of gold, silver, and all kinds of ores, metals, and minerals — is anchored by the flagship Maco Gold Mine located in Masara, Maco, Davao de Oro, Mindanao (the company's origin site), and is delivered through a conglomerate structure comprising three subsidiary companies: Monte Oro Resources & Energy, Inc. (MOREI), Itogon-Suyoc Resources Inc. (ISRI), and Asia-Alliance Mining Resources, Corp. The Maco mine serves as the core operating asset, while ISRI contributes additional mining and processing capacity (independently maintaining ISO 9001/14001/45001 certifications), MOREI supports the group's resources and energy activities, and Asia-Alliance is in permitting as a forward gold-copper project alongside a USD 300 million CAPEX pipeline announced in Q1 2026.
Differentiator
Problem solved
Functional benefit
Brands
- Maco Gold Mine: The company's flagship operating gold mine located in Maco, Davao de Oro, Mindanao.
- Monte Oro Resources & Energy, Inc. (MOREI)
- Itogon-Suyoc Resources, Inc. (ISRI)
- Asia-Alliance Mining Resources, Corp.
Products and services
- Maco Gold Mine (flagship operation) Underground and open-pit gold mining and ore milling operations at Masara, Maco, Davao de Oro, Mindanao. The flagship site produces gold doré and silver through underground mining at the Maligaya Underground Complex and ore processing through the on-site Mill Complex, and is the foundation of Apex Mining's mining and milling business under MPSA-225-2005-XI and MPSA-234-2007-XI.
- Itogon-Suyoc Resources, Inc. (ISRI) Mining Operations Subsidiary mining operations in the Itogon-Suyoc area (Benguet/Cordillera), including the Itogon mine site and processing facilities. ISRI independently maintains ISO 9001, ISO 14001, and ISO 45001 certifications, and runs its own IMS Recertification Audits and community/SDMP programs (Big Brother Small Brother with DaSSMA).
- Asia-Alliance Mining Resources, Corp. (gold-copper project) Mining subsidiary holding permits and mineral assets for the Asia-Alliance gold-copper project. Acquired by Apex Mining via SPA (December 2022) and takeover disclosed February 2023, the project is currently in the permitting phase and forms part of the group's USD 300M gold-copper CAPEX expansion pipeline.
- Monte Oro Resources & Energy, Inc. (MOREI) resources and energy portfolio Wholly-owned resources and energy holding/investment subsidiary within the Apex Mining corporate conglomerate structure, supporting the group's mining, resources, and energy interests alongside the Maco Gold Mine.
- Gold, Silver and Ores Mining & Milling Business Core commercial offering: the extraction, milling, and sale of gold, silver, and all kinds of ores, metals, and minerals. Output (gold doré, silver, and ore concentrates) is sold to enterprise bullion buyers and refineries at prices tied to prevailing international gold/silver spot prices and ore grade. The Maco mine site is powered by renewable geothermal energy, enabling lower-carbon gold production.
Quantifiable outcome
- Q1 2026 consolidated net income of ₱2.82 billion (+94% YoY) despite 20% dip in gold volume sold
- +6 more outcomes
Companies that use Apex Mining
Customer profileSegments3 records
Ideal customer profiles3 records
Apex Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Apex Mining partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core (subsidiary), core, major and minor.
- Monte Oro Resources & Energy, Inc. (MOREI)core (subsidiary)MOREI is part of the Apex Mining group structure (listed under Our Business on apexmines.com) and supports the conglomerate's resources and energy interests alongside the Maco Gold Mine.
- Itogon-Suyoc Resources, Inc. (ISRI)core (subsidiary)ISRI is a key Apex Mining subsidiary with its own purchasing email ([email protected]), independent IMS Recertification (May 2026), Big Brother Small Brother program with DaSSMA, and NCMB/PMIEA-recognized industrial-peace and environmental performance.
- Asia-Alliance Mining Resources Corp.core (subsidiary)Asia-Alliance was acquired by Apex Mining via Share Purchase Agreement (SPA) signed in 2022, with takeover disclosed in February 2023. As of the 2025 ASM, the permitting process for Asia-Alliance was ongoing.
- Stock Transfer Service, Inc. (STSI)coreSTSI serves as Apex Mining's stock transfer agent. General Manager Mr. Richard D. Regala, Jr. ([email protected]) handles stockholder queries and concerns at 34th Floor Rufino Tower, Ayala Avenue, Makati City.
- Picazo Buyco Tan Fider & Santos Law OfficecoreAtty. Silverio Benny Tan serves as Apex Mining's Corporate Secretary via Picazo Buyco Tan Fider & Santos Law Office at Liberty Center, Salcedo Village, Makati City. Handles stockholders' legal and governance matters.
- University of Makati (UMak)majorApex Mining and UMak committed to quality training to future-ready students via LRS Signing (Learning and Resource Sharing) partnership announced July 2025.
- TESDA (Technical Education and Skills Development Authority)majorTESDA Kabalikat Awardee (2024); TESDA-RTC and ISRI signed MOA for TVET skills training of host communities and ISRI workforce.
- DaSSMA (Dalicno Small Miners Association)majorISRI-ISRI MoU with DaSSMA for Big Brother Small Brother (BBSB) collaboration; DASSMA received more than P40M under the BBSB program (Feb 2024 disclosure).
- South Africa Embassy (Mandela Day)minorApex Mining celebrated Mandela Day in collaboration with the South Africa Embassy, an annual CSR/mark of respect event.
- Barangay Teresa / Barangay New Leyte / Barangay Bunlang / Lim-ao Women's Organization / Itogon Central School / Mambolo CDC (host communities)minorMultiple host and neighboring barangays in Maco, Davao de Oro and Itogon, Benguet partnered with Apex Mining via the SDMP/APEX @YOS! flagship program for free medical missions, hygiene kits, water tanks, education support and livelihood initiatives.
- COL Financial (Investor Summit 2025)minorCOL Financial hosted the Investor Summit 2025 where Apex Mining presented its APX Growth Story to institutional investors.
- DENR (Department of Environment and Natural Resources)majorApex Mining responded to a DENR call for humanitarian mission in Myanmar (April 2025). Works closely with DENR-MGB on annual verification of mines and geosciences.
- DOLE (Department of Labor and Employment) and NCMBmajorLong-running labor-management cooperation; Apex Mining received DOLE-NCMB Regional Award (2021) and National Industrial Peace Award (2023), and DOLE XI Twin Search (2025). ISRI also holds a DOLE Safety Seal.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Apex Mining competitors and assessment
Company assessmentBroad incumbents
- Newmont Corporation: Newmont is the world's largest gold miner with a broad global portfolio. It is a relevant broad incumbent comparable for offtake benchmarks, gold-cost-curve positioning, and ESG/carbon-footprint disclosure standards that Apex's geothermal-powered operation is benchmarked against.
- Barrick Gold Corporation: Barrick Gold is a global senior gold producer with a portfolio including copper exposure. It is a relevant broad incumbent for gold-copper project economics, capex benchmarking against Apex's USD 300M gold-copper expansion, and reserve-and-resource reporting standards.
Direct peers
- Lepanto Consolidated Mining Company: Lepanto Consolidated Mining is a long-standing Philippine-listed gold and copper producer based in Mankayan, Benguet. It is a direct operational peer to Apex's ISRI operations in Benguet/Cordillera, with overlapping product mix (gold doré and copper concentrates) and the same Philippine MGB regulatory environment.
- OceanaGold Corporation: OceanaGold operates the Didipio gold-copper mine in Nueva Vizcaya, Philippines (FTAA permit), making it a direct Philippine gold-copper peer. It shares the same MGB permitting framework, host-community obligations, and commodity mix as Apex Mining's Maco complex.
- Philex Mining Corporation: Philex Mining is a Philippine-listed gold and copper producer operating the Padcal mine and Silangan project, headquartered in Pasig. It is the closest Philippine mid/large-cap gold-copper peer, competing for the same PSE investor base and exposed to identical Philippine regulatory and ESG dynamics as Apex.
Regional players
- Semirara Mining and Power Corporation: Semirara Mining is a Philippine-listed diversified miner (coal and power) with similar size and PSE-listed profile. While its commodity mix differs, it is a useful comparable for capital intensity, dividend policy, and PSE-listed mining valuation benchmarks in the Philippines.
Emerging players
- St. Augustine Gold and Copper Limited: St. Augustine Gold and Copper is developing the King-king gold-copper project in the Philippines. It is a useful emerging-player comparable for the gold-copper project economics Apex is pursuing via the USD 300M CAPEX and Asia-Alliance pipeline.
- Medusa Mining Limited: Medusa Mining is an Australia-listed junior gold producer with operations in the Asia-Pacific region. It is comparable to Apex as a mid-tier gold producer focused on a single primary asset, with similar capex-driven growth dynamics.
- TVI Pacific Inc. TVI Pacific is a Canadian-listed resource company with Philippine mining interests and historical operations in the region. It is comparable to Apex on Philippine operational exposure, permitting timelines, and small-mid-cap mining capital markets dynamics.
- CGA Mining Limited: CGA Mining is an Asia-Pacific-focused gold producer (Masbate Gold Project in the Philippines). It is a relevant emerging-player peer, sharing Philippine gold production exposure, MGB regulatory framework, and the Masbate/Mindanao operating context.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Apex Mining social profiles
Digital presenceApex Mining compliance and trust
Trust signalCompliance3 records
Apex Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Apex Mining leadership team
Management profileNumber of profiles
Profiles7 records
Apex Mining subsidiaries and ownership
Company hierarchySubsidiaries3 records
Apex Mining funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Apex Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Apex Mining
What does Apex Mining do?
Apex Mining extracts, mills, and sells gold, silver, and all kinds of ores, metals, and minerals, with its flagship Maco Gold Mine in Masara, Maco, Davao de Oro (Mindanao) serving as the core operating asset. Output is sold to enterprise bullion buyers and refineries under commodity-pricing arrangements tied to international spot prices, with the operation supported by three wholly-owned subsidiaries (MOREI, ISRI, Asia-Alliance) and a USD 300 million gold-copper expansion CAPEX pipeline.
Is Apex Mining a public or private company?
Apex Mining is a public company. It is classified as public and is currently operating.
When was Apex Mining founded?
Apex Mining was founded in 1970. It employs 1,001 to 5,000 people.
Where is Apex Mining based?
Apex Mining is headquartered in Pasig, Philippines, in the Asia region.
How does Apex Mining make money?
Two revenue lines are on record. Mining and milling of gold, silver and ores/metals/minerals are the primary driver. The others are equity / capital markets financing.
Who are Apex Mining's main competitors?
Broad incumbents on record are Newmont Corporation and Barrick Gold Corporation. Direct peers are Lepanto Consolidated Mining Company, OceanaGold Corporation and Philex Mining Corporation. Semirara Mining and Power Corporation is listed as a regional player. Emerging players are St. Augustine Gold and Copper Limited, Medusa Mining Limited, TVI Pacific Inc. and CGA Mining Limited.
Does Apex Mining have an API?
No public API is recorded for Apex Mining.
What industry is Apex Mining in?
Apex Mining's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAEAB, Silver Mining. Its NAICS code is 21222 and its SIC code is 1040.