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Corporate Presentation Find out more about TVI through our latest Corporate Presentation GO TO CORPORATE PRESENTATION
The Balabag
The Balabag Gold-Silver Project Find out more about the Balabag Gold-Silver Project WATCH VIDEO
The Canatuan
The Canatuan Experience Click here to review TVI's history of success at the Canatuan project GO TO THE CANATUAN EXPERIENCE

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TVI is a publicly traded Canadian resource company focused on the evaluation and acquisition of interests in resource projects in the Asia Pacific region.

TVI management’s track record of success includes putting the first foreign invested mine into production in the Philippines after the passage of the Philippine Mining Act of 1995. From 2004 to 2014, TVI produced 105,200 ounces of gold, 1.8 million ounces of silver, 199,778 tonnes of copper concentrate and 30,558 tonnes of zinc concentrate from the Canatuan mines and was recognized as one of the most responsible miners in the Philippines. Up until 2014, TVI carried out its work through its 100% owned Philippine operating subsidiary, TVI Resource Development (Phils.) Inc. (“TVIRD”), of which it has divested control in December 2013 but maintains a 30.66% interest in this joint venture, where TVI has joint control. 

TVI management’s track record of success has continued with several other projects, the next of which is the Agata nickel/iron mine, Agata Mining Ventures Inc. (“AMVI”), which commenced operations in October 2014 and has since shipped a total of 20.78 million wet metric tonnes of nickel laterite through 382 shipments as at January 31, 2024. TVIRD announced that AMVI would cease operations at the end of November 2022 but has been successful in completing seven additional shipments through to January 31, 2024. AMVI has initiated rehabilitation activities under the final mine rehabilitation and decommissioning plan (“FMRDP”). AMVI is a joint venture company between TVIRD (60%), Mindoro Resources Ltd. (“Mindoro”) (15%) and Minimax Mineral Exploration Corporation (“Minimax”) (25%), in which TVIRD is operator.

The first shipment of gold doré from TVIRD’s 100%-owned Balabag Gold-Silver mine (“Balabag”) was completed on September 30, 2021, and through to December 31, 2023, eighty (80) shipments had been completed in the amount of 52,945 kg doré containing 73,973 ounces of gold (“Au”) and 1,574,895 ounces of silver (“Ag”) for 93,081 gold equivalent ounces (“AuEq oz”). A further three (3) shipments have been completed since December 31, 2023 and through to January 31, 2024, bringing the total number of shipments since completion of the first shipment on September 30, 2021 to 83 shipments in the amount of 96,539 AuEq oz.

On November 4, 2021, TVIRD completed its acquisition of 100% of the outstanding equity in Greenstone Resources Corporation (“GRC”), the owner and operator of the Siana Gold Mine (“Siana”) and the Mapawa Project (“Mapawa”), both of which are located in the southern Philippine island of Mindanao. Prior to the acquisition by TVIRD, GRC was the Philippines affiliate of Red 5 Limited (“Red 5”) (ASX: RED), a Perth, Western Australian-based gold company, the shares of which are listed on the Australian Securities Exchange (“ASX”). Red 5 previously reported in their 2020 Annual Report a combined historical Indicated JORC 2012 mineral resource estimate for the Siana open pit and underground mine of 4.3Mt @ 4.6 g/t Au and 6.8 g/t Ag and combined Inferred JORC 2012 mineral resource estimate for the Siana open pit and underground mine of 0.5Mt @ 8.9 g/t Au and 10.6 g/t Ag. TVI is not treating this as a current mineral resource under National Instrument 43-101 – Standards of Disclosure for Mineral Projects as a qualified person has not done sufficient work to classify the historical estimate as current. The construction of Tailings Storage Facility 6 (“TSF-6”) is now complete with surfacing and maintenance of the embankment ongoing. Permission of the TSF Engineer has been given to start utilizing the facility for mill tails deposition and soft-commissioning of the plant commenced in December 2022. Through to December 31, 2023, a total of 365,249 tonnes of low-grade stockpile mineralized material with an average grade of 0.68 g/t Au and 4.37 g/t Ag has been milled, averaging through the same period a plant utilization of 64% and an average throughput of 1,900 MTPD to manage the drawdown of the low-grade stockpile until the full development of the open pit is achieved. A total of 699 kg of doré containing 6,401 oz of Au and 15,377 oz of Ag have been smelted and a total of 674 kg of doré containing 6,283 oz of Au and 14,968 oz of Ag have been shipped as at December 31, 2023.

TVIRD has gained a 60% indirect interest in the Mabilo Project (“Project”) through having acquired on January 31, 2022, all the outstanding capital stock of SageCapital Partners, Inc. (“SageCapital”). SageCapital is a holding company incorporated under the laws of the Philippines which, in turn, owns 60% of the outstanding capital stock of Mt. Labo Exploration and Development Corporation (“MLEDC”), a Philippines mining and minerals exploration development company whose projects are based in Camarines Norte, Philippines, and which is the owner and operator of the Mabilo Project (“Mabilo”). With a near-surface deposit, Mabilo has potential for direct shipping ore (“DSO”) operations and it is contemplated that mining will use an open-pit mining method. The Mabilo mineralized deposit is classified as a copper-gold-iron skarn deposit that offers potential for multi-metal products, namely copper, gold and silver, with by-products magnetite (Fe3O4) and pyrite (FeS2). A NI 43-101 Technical Report prepared by Lycopodium Minerals Pty Ltd. And filed on May 2, 2016, under the SEDAR profile of RTG Mining Inc. (“RTG”), which holds a 40% interest in MLEDC through SRM Gold, reflects a historical Probable Mineral Reserves estimate of 7.8Mt at 2.0% Cu, 2.0g/t Au, 8.8g/t Ag and 45.5% Fe for Mabilo. TVIRD is currently proceeding with various organizational, community-related, permitting and site clean-up matters at Mabilo while considering next steps and announced on May 23, 2023 that TVIRD and SageCapital have signed a binding agreement (the “Agreement”) with RTG with respect to an agreed restructuring of Mabilo. The Agreement provides the opportunity to now focus on finalizing the remaining permitting matters and financing plans for Mabilo, together with surface rights, following which a commitment to development is expected to be formalized by the Board of MLEDC.

TVI does not operate or control any of the mines or projects of TVIRD.

As the previous 100% owner of TVIRD, TVI’s focus upon responsible mining established the framework through which TVIRD received and has continued to receive various environmental and safety awards for its exceptional performance. The following is a full record of past and current awards:


TVIRD is currently focused on maximizing its valuation, which would also maximize its investment value for TVI, by focusing on the following areas of growth:

  • Operating and continuing ramp-up of gold production at its Balabag Gold-Silver Mine while adding additional reserves through ongoing exploration. 
  • Advancing development and the restart of commercial operations at its Siana Gold Mine.
  • Advancing the Mabilo Project towards development and production.
  • Advancing the Pan de Azucar Project toward possible development and production.
  • Advancing the Agata Limestone Projects toward possible development and production.
  • Repeating its success by exploring and developing its large portfolio of exploration/development tenements while continuing to search for new resource properties that can be acquired, rapidly developed and placed into production. 
  • Progressing plans to list on the PSE.