The estimated value of gold produced in the Philippines amounted to around 106.64 billion Philippine pesos in 2023, indicating an increase from the previous year. The major districts for mining gold in the Philippines are Masbate in Mindanao and Nueva Vizcaya.
In 2017, the government imposed a ban on open-pit mining for minerals, including gold, due to its extensive environmental damage. The ban was lifted before the end of 2021 to revitalize the mining industry.
Estimated production value of gold in the Philippines from 2012 to 2023
(in billion Philippine pesos)
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Mines and Geosciences Bureau (Philippines). (March 7, 2024). Estimated production value of gold in the Philippines from 2012 to 2023 (in billion Philippine pesos) [Graph]. In Statista. Retrieved December 15, 2024, from https://www.statista.com/statistics/1333235/production-volume-value-philippines/
Mines and Geosciences Bureau (Philippines). "Estimated production value of gold in the Philippines from 2012 to 2023 (in billion Philippine pesos)." Chart. March 7, 2024. Statista. Accessed December 15, 2024. https://www.statista.com/statistics/1333235/production-volume-value-philippines/
Mines and Geosciences Bureau (Philippines). (2024). Estimated production value of gold in the Philippines from 2012 to 2023 (in billion Philippine pesos). Statista. Statista Inc.. Accessed: December 15, 2024. https://www.statista.com/statistics/1333235/production-volume-value-philippines/
Mines and Geosciences Bureau (Philippines). "Estimated Production Value of Gold in The Philippines from 2012 to 2023 (in Billion Philippine Pesos)." Statista, Statista Inc., 7 Mar 2024, https://www.statista.com/statistics/1333235/production-volume-value-philippines/
Mines and Geosciences Bureau (Philippines), Estimated production value of gold in the Philippines from 2012 to 2023 (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1333235/production-volume-value-philippines/ (last visited December 15, 2024)
Estimated production value of gold in the Philippines from 2012 to 2023 (in billion Philippine pesos) [Graph], Mines and Geosciences Bureau (Philippines), March 7, 2024. [Online]. Available: https://www.statista.com/statistics/1333235/production-volume-value-philippines/
