Metallic production value falls 12.76% in 1st quarter

By Janine Alexis Miguel

Jun 04, 2024 12:30 am

THE metallic minerals sector saw a slow start this year, with production value down 12.76 percent in the first quarter, mainly due to price cuts and reduced mine output, the Department of Environment and Natural Resources (DENR) said.

Latest data released by the DENR's Mines and Geosciences Bureau (MGB) showed that the value of domestic metallic mineral production fell to P51.81 billion, or some P7.58 billion lower, in January-March from P59.39 billion a year earlier.

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