At the Special Meeting of the Board of Directors of Philex Mining Corporation held on 16 January 2024, the Board elected Ms. Diana V. Pardo-Aguilar and Mr. Manuel L. Argel, Jr. as Directors of the Company. Ms. Pardo-Aguilar and Mr. Argel replaced Messrs. Rolando L. Macasaet and Santiago D. R. Agdeppa, who have tendered their respective resignations from the Philex Board as a result of the changes in the Board assignments of the members of the Social Security Commission (SSC), the governing board of the Social Security System (SSS).

Ms. Pardo-Aguilar, 59, holds a Master's Degree in Business Administration major in International Business and Finance from Pepperdine University, California, and a Bachelor of Science in Computer Studies from De La Salle University. She has served as a Commissioner of the SSC since August 2010, and is currently the Chairperson of the Investment Oversight Committee, Vice Chairperson of the Information Technology Committee, and a Member of the Risk Management and Audit Committees of the SSS. She also serves as Director in Security Bank Corporation and is an Independent Director of Medical Doctors Inc., of Makati Medical Center.

Mr. Argel, 73, is a distinguished alumnus of San Beda University, where he obtained both his Bachelor of Arts in Philosophy in 1969, and his Bachelor of Laws in 1974. He is currently a commissioner of the SSC, and a member of the Risk Management and Investment and Audit Committees. He also performs quasi-judicial functions through decisions rendered on cases involving SSS coverage, benefits, contributions, and penalties.

He started his law career as a private practitioner, until 1995 when he was appointed as Regional Trial Court (RTC) Judge of Laoag City. He served as Executive Judge from 2005 to 2007.