Gold Mining Stocks
Gold prices has slightly gone down the past few months after going up an all-time high (USD$1,900 per ounce) around September 2011. Gold Mining Companies in the Philippines are also affected by these fluctuations. But overall, price of Gold goes high each year which is why investing in Philippine Companies that are mining Gold is always a good choice, but of course, most of these companies also mine other minerals such as copper, silver, iron and lead which also affect stock prices.
Stock Code: LC
Lepanto Consolidated Mining Company
Current Price: P1.52
Stock Code: LCB
Lepanto Consolidated Mining Company B
Current Price: P1.72
Stock Code: AT
Atlas Consolidated Mining & Development Corporation
Current Price: P18.3
Stock Code: PX
Philex Mining Corporation
Current Price: P20.9
Stock Code: APX
Apex Mining Company
Current Price: P5.15
Stock Code: AR
ABRA Mining and Industrial Corporation
Current Price: P0.0063
Stock Code: BC
Benguet Corporation
Current Price: P26.6
Stock Code: MA
Manila Mining Corporation
Current Price: P0.081
In other news, there is a new Executive Order being proposed about the mining sector. You can read about it here. Do you think this new EO will affect the Mining Industry in the Philippines? Are you still going to invest in Philippine Companies in the Mining Sector?
* Current Price as of 2/17/2012