| Welcome to Apex
Mining
Welcome to the website of Apex Mining Company, Inc (“Apex”). We’re a
Philippines-based gold mining company and our main project is Maco Mine
on Mindanao Island. Maco was formerly known as “Masara” but the name
change was effected in recognition of the entire municipality where
mining occurs rather than one particular village near the mine.
Apex has been operating for over 35 years but its management was taken over
in late 2005 by a partnership between Crew Gold Corporation and Mapula Creek
Gold Corporation Inc , a Philippines-owned mining company. In October 2009 the
Crew Gold Corporation shareholding was purchased by a Malaysian based resource
investment and development group. The mine is currently undergoing a full
technical review.
The current annual production target for the operation is 25,000 to 30,000
ounces, with a forecast in 2010 to increase this figure by 50%. The next six
months will see a significant focus on resource evaluation both in the current
ore bodies and parallel structures, coupled with increased production from a
range of areas.
We continue to investigate the optimum mining rate for the ore bodies and the
viability of recovering both copper and zinc concentrates, should the copper and
zinc prices recover. |