Lepanto Consolidated Mining Company reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported income of PHP 425,447,000 compared to PHP 375,576,000 for the same period a year ago. Loss from operations was PHP 210,208,000 compared to PHP 152,781,000 for the same period a year ago. Loss before income tax was PHP 211,416,000 compared to PHP 163,126,000 for the same period a year ago. Net loss attributable to shareholders of parent company was PHP 211,611,000 or PHP 0.003188 per basic and diluted loss per share compared to PHP 170,078,000 or PHP 0.003311 per basic and diluted loss per share for the same period a year ago. Net cash used in operating activities was PHP 301,821,000 compared to PHP 626,958,000 for the same period a year ago. Acquisition of property and equipment was PHP 247,677,000 compared to PHP 135,230,000 for the same period a year ago. Return on equity was negative at 2.62%. Return on assets was negative at 1.21%. Book value per share was PHP 0.12.