Padcal's mine life was earlier estimated to last until the end of 2027 as long as gold prices remain at a profitable level which would allow the company to sustain operations and not run at a loss.
Philex said a recently completed study found out that there are more ores that could be mined at the mine site, particularly those that would come from the pillars at 760-ML production level.
"There are tonnages also from previously developed draw points beyond one hundred percent extraction that provide good grades that we continue to mine," the company said yesterday.
"These are on top of the mineable reserves that we declared in the 2027 projected end-of-mine life," it added.
The company explained that the economic viability of extending the mine life of Padcal was confirmed following price sensitivity analyses.
هذه القصة مأخوذة من طبعة December 07, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 07, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
SOFRONIO VASQUEZ'S PASSION AND DETERMINATION LEAD TO HISTORIC 'THE VOICE USA' VICTORY
DREAMS DO COME TRUE. However, there's a caveat or condition for one to make it happen.
OPM icons take pride in Sofronio Vasquez's big win
Sofronio Vasquez became the first-ever Filipino and Asian to win the hit US talent search \"The Voice USA.\"
Ricky Lee: Direk Ishmael Bernal will be happy and amused with 'Isang Himala'
Essaying the role of Elsa, the barrio lass who witnessed the apparition of the Virgin Mary that changed her life in director Ishmael Bernal's \"Himala\" (1982), is a huge challenge for any actress who will portray it, especially since it was originated by Nora Aunor.
ATE VI AS A GATECRASHER AND HER DREAM GUEST LIST
After six decades (and counting) in the biz, Vilma Santos practices quality control in the movies she puts her full emotional investment into.
All the Light Rail we can see
The Light Rail Transit 1 (LRT-1) Cavite Extension Project will increase the total number of LRT-1 stations from 20 to 28, covering several major cities including Quezon City, Caloocan, Manila, Pasay, and Parañaque, all the way to Bacoor, Cavite.
RUPERT JACINTO'S 'FAAABULOUS XII' GALA NIGHT
Rupert Jacinto's \"Faaabulous XII,\" a photo exhibit, book launch and fabulousity gala night, was held recently at the Marriott Grand Ballroom.
Lunches with Cedie
It was November of 1986, and Mom and I had gotten home from an extended trip visiting relatives in the States.
NGCP's P2.6-B Capas project gets ERC nod
The Energy Regulatory Commission (ERC) has given the National Grid Corp. of the Philippines (NGCP) the green light to develop a P2.59-billion transmission project in Capas, Tarlac.
Easing inflation, policy rates to support residential market
Softer inflation and lower policy rates would be favorable for the residential market, according to a professional services and investment management company.
Visa simplifies money transfers for OFWs, SMEs
Global payments platform Visa is strengthening its commitment to simplifying and securing digital money transfers for overseas Filipino workers (OFWs), digital workers, and small and medium enterprises (SME) owners especially this holiday season when remittances peak.