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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

Bullboard Posts
Comment by sadoneon Aug 15, 2005 12:12pm
279 Views
Post# 9411297

RE: Financials are out

RE: Financials are out Keeping in mind they are a porducer that is still loosing money and actually more than the previous year 1/4. - Consolidated net loss for the three months ending June 30, 2005 of $1,540,910 ($0.004 per share) compared to a net loss of $1,168,348 ($0.003 per share) in the same period in 2004. The net loss for the period ending June 30, 2005 was $2,211,667 ($0.006 per share) compared to a net loss of $1,719,783 for the same period in 2004. The net loss for the six months ending June 30, 2005 included exploration expenses (including both Philippines and China) of $638,084 ($633,101 in 2004), depreciation and accretion of $1,390,163 ($92,324 in 2004) and stock-based compensation expense of $262,730 ($413,875 in 2004).
Bullboard Posts