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 doré -- 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 May 31, 2022, Canatuan is continuing its final rehabilitation activities under the supervision of the Multi-Partite Monitoring Team (“MMT”) that includes representatives of the local community, the municipal and provincial government, and the Department of Environment and Natural Resources (“DENR”) (as representatives of the national government). The plant from the former Canatuan processing plant has also been decommissioned, fully rehabilitated and installed at the Balabag Gold-Silver Mine, where twentyfour-hour operation of the plant was introduced in late August 2021 and commercial production was achieved effective November 1, 2021.

A key focus in 2022 is expected to be exploration works on the Malusok area at Canatuan where mapping activity, both surface and underground, has commenced as at May 31, 2022.

Canatuan Sulphide Dam – November 2012

Canatuan Tailings Storage Facility – June 2021

Aside from wild ducks, hawks, eagles, squirrels, bats and a variety of snakes, including the Philippine Cobra (Naja Philippinensis) have returned to the area among the over 411,000 trees TVIRD has planted within the MPSA area.

See the presentation and videos below to learn more.