Listed miner Benguet Corp. said Tuesday it registered P4.03 billion in consolidated revenues in 2022, surpassing by 5 percent the P3.84 billion in posted in the previous year.
The revenues were sourced mainly from nickel, gold and lime sales. The company sustained its strong performance with operating income rising from P1.57 billion in 2021 to P1.66 billion in 2022.
After tax net income reached P1.33 billion in 2022, compared to P1.42 billion in 2021 as fluctuations in non-cash revaluation adjustments decreased. It said the 2022 performance was still commendable given the economic volatility due to pandemic hangover.
The upward trend was supported by elevated metal prices and favorable foreign exchange that prevailed through most of the year.
The company’s nickel subsidiary Benguetcorp Resources Management Corp. was the recipient of Platinum Achievement Award-Surface Mining Operation Category, while its Irisan Lime Project was awarded Safest Mineral Processing-Calcining Plant Category Award – Runner-up during the 68th Annual National Mine Safety and Environment Conference on November 18, 2022.
These awards are testament to BC’s sustainability endeavors and commitment as a responsible mining company.