The Philippines' metallic mineral production value rose anew with a 22.83% or PhP10.95 billion gain from PhP47.97 billion in Q1 2022 to PhP58.92 billion in Q1 2023. The upbeat performance was inspired by the growth in the volume and value of gold, nickel direct shipping ore, and chromite.
In terms of contribution to the total metallic mineral production value, gold took the top spot with 47.08% or PhP27.74 billion, while the collective output of nickel ore and other nickel by-products settled for the second spot with 40.48%, or PhP23.85 billion, share. Copper came in third with 11.06% or PhP6.52 billion.The consolidated value of silver, chromite, and iron ore accounted for about 1.38% or PhP0.81 billion of the total production value.