Philex Mining Corporation is a Philippines-based company. The Company is engaged in exploration, development and utilization of mineral resources in the Philippines. The Company's two business segments include mining and energy. Its business includes Padcal mine, Silangan Copper and Gold Project, Bulawan project and Sibutad Project. The Company operates Padcal mine in Benguet Province, Island of Luzon, Philippines, employing the underground block cave mining method, and producing copper concentrates containing gold, copper and silver. The Silangan Copper and Gold Project is located in Surigao del Norte. Its tenements consist of two main ore deposits: Sta. Barbara I and Sta. Barbara II (Bayugo). Sibutad Project is located in Zamboanga del Norte, concentrated on areas between the boundaries of the municipalities of Rizal and Sibutad. Its subsidiaries include Philex Gold Philippines, Inc., Silangan Mindanao Exploration Co., Inc., and Philex Gold Holdings, Inc.