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TVI Pacific Inc V.TVI

Alternate Symbol(s):  TVIPF

TVI Pacific Inc. is a Canadian resource company focused on mining projects in the Philippines. The Company holds a 30.66% interest in TVI Resource Development Phils., Inc. (TVIRD). TVIRD's assets include the wholly owned Balabag gold-silver mine and Siana gold mine (Siana). It also has in its portfolio of projects its 100%-owned Mapawa project (gold), a 60% indirect interest in the Mabilo project (a copper-gold-iron skarn deposit that offers potential for multi-metal products, namely copper, gold and silver, with by-products magnetite and pyrite), and a 60% interest in Agata Mining Ventures Inc. (nickel/iron DSO mine). Siana is located in Tubod, Surigao del Norte, approximately 35 kilometers from Surigao City and near to Lake Mainit. The Balabag Gold and Silver Mine, which spans a 4,779-hectare Mineral Production Sharing Agreement. The mine is situated within the municipalities of Bayog in Zamboanga del Sur and Diplahan and Kabasalan in Zamboanga Sibugay, Mindanao, Philippines.


TSXV:TVI - Post by User

Comment by Skymanon Aug 01, 2021 3:17pm
199 Views
Post# 33638610

RE:RE:Siana

RE:RE:SianaIt was in the latest quarterly report end of May 2021: "Due primarily to the uncertain environment in which the Philippine mining industry has operated since the nationwide audit of metallic mines was ordered by the Department of Environment and Natural Resources (“DENR”) Secretary under the Duterte Administration that came into power in June 2016, TVIRD has placed all activities relating to its proposed listing on the PSE and initial public offering (“IPO”) on hold."

Also, none of the TVI staff have been paid since 2016, so the Amount Due is up to about 1.5 million CDN. They are barely getting enough dividends from TVIRD to cover the corporate burn.
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