Bayombong, Nueva Vizcaya, Philippines — FCF Minerals Corporation will shut down its Runruno Gold Project by the end of 2026 after the Mines and Geosciences Bureau (MGB) suspended the Dupax Exploration Permit, the mine firm announced this week.

Management said the suspension cut off the mine’s “last operational lifeline.”

Employees were notified this week that existing gold reserves at Runruno are nearly depleted, and the halted Dupax exploration program would have been the only way to extend the mine’s life.

“Without reserve replacement, operations must end,” said Lorne Harvey, FCF Minerals General Manager.

The closure will affect more than 1,500 workers and ripple through local businesses, including contractors, suppliers, and transport providers.

Local government revenues, national taxes, royalties, and community development funding tied to production will also stop.

FCF Minerals said it had hoped exploration in Dupax would preserve jobs and sustain economic contributions.

Analysts noted that regulatory interruptions at this stage can have irreversible effects on mines nearing depletion, highlighting risks for investors in the Philippine mining sector.

The company vowed a responsible closure, complying with all laws and environmental standards.

“Our responsibility extends to employees, host communities, shareholders, and government stakeholders,” Harvey said.

“Runruno’s closure will be carried out safely, responsibly, and in full compliance with Philippine regulations.” Harvey also vowed he will issue updates as the transition progresses.