Benguet profit soars 119% on lofty gold, nickel prices

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Tourism & Transportation

business / Headlines

P555M earnings in Q1

Benguet profit soars 119% on lofty gold, nickel prices

By: Jordeene B. Lagare - Reporter / @jordeenelagare

Philippine Daily Inquirer / 02:10 AM May 30, 2026

Benguet Corp.

MANILA, Philippines –Mining company Benguet Corp. saw its net income soar by over 119 percent in the first quarter, driven by sustained increases in metal prices and higher sales.

In its quarterly report, Benguet said its net income had more than doubled to P555 million in the three months ending March from P253.3 million in the same period a year ago.

READ: Now debt-free, Benguet Corp. ready for expansion beyond mining

Article continues after this advertisement

Revenues amounted to P1.7 billion during the quarter, reflecting a 69 percent increase.

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Benguet profit soars 119% on lofty gold, nickel prices

Benguet profit soars 119% on lofty gold, nickel prices

Benguet profit soars 119% on lofty gold, nickel prices

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