- CEO
- Felipe U. Yap
- Full Time Employees
- 1,574
- Sector
- Basic Materials
- Industry
- Gold
- Address
- Lepanto Building Makati City Philippines 1226
- IPO Date
- Nov 20, 1995
- Business
- Lepanto Consolidated Mining Company engages in the exploration, mining, and production of gold, silver, copper, lead, zinc, and various other ores, metals, minerals, oil, gas, coal, and related by-products primarily in the Philippines. The company operates the Victoria and Teresa gold deposits, as well as the Enargite copper project in Mankayan, Benguet. Its core products include gold and silver dore bullion, gold/copper concentrates, and industrial diamond tools such as diamond core and non-core bits, reamer shells, casing bits, diamond circular segmental and gang saws, and associated tubular products used in mining exploration, marble cutting, and construction. Lepanto also provides diamond drilling services and engages in hauling, warehousing, leasing of apartments, guesthouses, and warehouses, as well as operating a resort/restaurant and investment and insurance brokerage businesses. The company sells products predominantly in the Philippines, Hong Kong, Canada, Peru, and China.
Lepanto holds a 60% interest in Far Southeast Gold Resources, Inc. (FSGRI), which controls a significant gold and copper project in Mankayan, Benguet, with an inferred mineral resource estimated at 19.8 million ounces of gold and 4.6 million tons of copper following an exploration program. In July 2024, Lepanto, FSGRI, and the Gold Fields group mutually agreed to terminate a decade-old Option and Shareholders' Agreement with Gold Fields, which had funded the exploration of the Far Southeast Project, signaling a strategic shift to seek a new partner to develop this resource. In mid-2025, Lepanto reported increased gold and silver production from its existing operations, reflecting improved operational productivity. The company maintains subsidiaries including Shipside, Inc., Diamond Drilling Corporation of the Philippines, Lepanto Investment and Development Corporation, and a 25% stake in Diamant Manufacturing and Trading Corporation, specializing in industrial diamond tools. Founded in 1936, Lepanto is headquartered in Makati City, Philippines, and its shares trade on the Philippine Stock Exchange under tickers LC and LCB.
The company operates through multiple segments: mining activities focused on precious metals and base metals extraction; drilling services providing exploration support; manufacturing and trading of industrial diamond tools; hauling and leasing activities managing materials handling and facility operations; and insurance activities involving short-duration contracts. Lepanto's recent major changes include the termination of its long-standing partnership with Gold Fields in mid-2024, ongoing efforts to enhance gold production efficiency at its Victoria and Teresa sites, and the renewal of collective bargaining agreements with its labor unions in Baguio, enhancing labor relations stability. Its broad geographic presence and diversified metal portfolio position it as a notable player in the Philippine mining industry with expanding service offerings and operational focus.