The value of metal production in the Philippines in the three quarters ending September expanded by 29.21 percent to P175.61 billion from P136.21 billion, buoyed by rising metal prices and higher production, according to the Mines and Geosciences Bureau (MGB).
“The important factors for this development were the bullish prices of nickel ore and gold paired with the increased mine output of gold, silver, chromite, and iron ore during the period,” MGB said in a report.