TVI Pacific was the first foreign resource company to put a mine into production in the Philippines after the passage of the Philippines Mining Act of 1995. From 2004 to 2014, TVI successfully operated the Canatuan gold/silver and copper/zinc mine located in the Province of Zamboanga del Norte, on the Philippine island of Mindanao.
Between 2004 and 2008, the Canatuan gold-silver mine produced a total of 105,200 ounces of gold and 1.8 million ounces of silver dore -- generating gross revenues of US$86.0 million and net cash flows of US$29.0 million. And from 2009 to 2014, the Canatuan copper-zinc mine produced a total of 199,778 dry metric tonnes of copper concentrate and 30,558 dry metric tonnes of zinc concentrate for gross revenues of US$393.0 million and net cash flows of US$151.0 million.
Throughout its operations, TVI (through its subsidiary TVI Resource Development Phils.Inc, “TVIRD”)) was recognized year after year at the annual Philippine Mine Safety and Environmental Conference for operating at the highest industry standards for safety and environmental protection and received multiple prestigious awards from the annual Philippine Presidential Mineral Industry Environmental Award (“PMIEA”) ceremony. This established both TVI and TVIRD as a preeminent mining company committed to the highest levels of safety, environmental stewardship and sustainable development, making TVI today a 'partner of choice' and a model operator in the eyes of the Canatuan communities, the Philippine government and various regulators.
As at November 30, 2020, Canatuan is in the process of completing its final rehabilitation activities under the supervision of the Multi-Partite Monitoring Team (“MMT”) that includes members of the Local Government Units (“LGU”), representatives of the local community, the municipal and provincial government, and the DENR (as representatives of the national government).
Canatuan Sulphide Dam – November 2012
Canatuan Sulfide Dam – June 2020
See the presentation and videos below to learn more.