Philex Mining Corporation reported production results for the third quarter of 2022. For the period, the company reported total tonnage milled was at 1.873 million tonnes, lower compared to the 2.006 million tonnes a year ago but slightly higher than the 1.859 million tonnes of second quarter of 2022. Gold output at 12,144 ounces and was lower when compared to the 14,270 ounces a year ago on account of lower tonnage milled and slightly lower gold grade.

On the other hand, copper ore grades remained higher and improved when compared with a year ago. The improvement in the copper ore grades mitigated the impact of lower tonnage milled to total copper output when compared with a year ago.