Some intesting information from 3rd Quarter MD & ARe Balabag,by September 30, 2024, TVIRD had completed 123 shipments, totaling 74,098 kg of dor containing 104,638 ounces of gold and 2,208,713 ounces of silver, which equates to 130,429 gold equivalent ounces.Balabag has achieved a plant throughput averaging 2,342 tonnes per day in September 2024, with a year-to-date average of 2,199 tonnes per day.All-in cost
$/oz 1,891.28
Re SIANA.As an update to the Q2-2024 MD&A reported tailings storage facility (TSF 3) incident on May 11, 2024, after a thorough investigation conducted by both the Environmental Management Bureau (EMB) and the Mines and Geosciences Bureau (MGB), both line agencies of the Department of Environment and Natural Resources, fines and penalties were imposed amounting to PHP150,000 (~C$3,601 equiv.) and PHP13.365,000 (~C$321,568 equiv.) respectively. The same were fully paid as of this MD&A effective date and the case is now settled and closed. Post incident activities include the rehabilitation and final closure of said facility, land acquisition and negotiation of compensation to the affected residents.
Agata Limestone Projects: With increasing market demand for high-grade limestone, TVIRD is advancing the Agata Limestone Projects towards operational status, aiming to meet and capitalize on this demand.
Philippine Stock Exchange Listing: Considerations are in place to list TVIRD on the Philippine Stock Exchange (PSE), a move anticipated to enhance the company’s financial flexibility and elevate its public profile.