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Corporate Profile
Philex Gold Inc. is a Canadian mineral exploration company active in the Philippines.
Its interests include the Silangan Project (formerly Boyongan Project) on Mindanao Island. A joint venture with Anglo American Exploration (Philippines), B.V.(Anglo) led to the discovery of the Boyongan copper-gold porphyry deposit in 2000 and the Bayugo in 2003. Philex Gold operated the Bulawan gold mine from 1996 until 2002, and owns a number of gold prospects throughout the Philippines. The Philippines have a long history of mining and one of the highest mineral endowments in the world, but have undergone minimal exploration in recent years. The Company was created in 1996. Prior to the incorporation of the Company, the Company's business was operated as a division of Philex Mining Corporation (PMC). In 1996 the gold operations of PMC were transferred to a subsidiary, Philex Gold Philippines, Inc. (PGPI) in exchange for 100% of the issued and outstanding capital stock of PGPI. The Company then acquired all of the outstanding shares of PGPI. As a result of this reorganization, the Company became the successor-owner of substantially all of PMC's gold properties in the Philippines. PMC has been operating for over 54 years and is the Philippine's largest copper-gold producer (For more information on Philex Mining Corporation, visit its website at (http://www.philexmining.com.ph). Corporate Objective Philex Gold's objective is to become a substantial low cost mineral producer in the Philippines, through exploration, development and acquisition. Corporate Strengths Philex Gold's management and technical staff are Philippine-based and intimately familiar with the country and its culture. In addition, through its parent, the company has access to one of the largest mining engineering and geological teams in the Philippines and benefits from the team's extensive operating experience and proprietary knowledge of the mineral potential of the country. << Previous Next >> Board of Directors and Officers Corporate Directory |
©2007 Philex Gold Inc.
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