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TVI Pacific Inc. V.TVI

TVI Pacific Inc is a Canadian company focused on the acquisition of resource projects in the Asia Pacific. Through its investment in TVIRD (Philippines), TVI has an interest in the operating mines Balabag (gold/silver) and Agata (nickel laterite), Siana (gold, preparing to restart) and the Mabilo project (copper, through Mt.Labo Exploration Development Corporation). TVI is the owner and operator of the former operating mine, Canatuan (copper).


TSXV:TVI - Post by User

Post by Skymanon Apr 29, 2021 7:33pm
294 Views
Post# 33098649

Excellent Annual Results

Excellent Annual ResultsTVIRD had a great year during the pandemic. Revenue was 96 Million, up from 46 Million in 2019, largely because of the huge increase in the price of nickel. Profit increased to 14 M up from 4 M with mining volumes relatively stable. Superb work! Since TVI owns 30% of TVIRD, they reported $4.5 M profit from TVIRD, but they lost 1.7 M on the total writedown of another investment (IGES), and the admin burn rate is 1.5 M. Now all of the other investments have been written off to zero except for TVIRD, which gives an annual profit to TVI of about .007 per share. This is all before the gold mine comes on stream in June, which will be gravy and biscuits. If the price of nickel and gold both hold steady at these high levels, 2021 will be the best year ever for TVI Pacific. It's been a long time coming.
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