INVESTMENT HIGHLIGHTS
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Last updated January 31, 2024 | |
Issued and Outstanding: | 728.59 Million |
Options: | 21.90 Million |
Fully Diluted: | 750.49 Million |
In accordance with the Company’s Stock Option Plan, unless otherwise determined by the Board, options scheduled to expire at a time when the holder of the options is subject to restrictions on trading of securities of the Company under a trading blackout established by the Company, or within five (5) business days after the termination of a blackout period, will, notwithstanding the scheduled expiry date of such options, expire as of the date that is ten (10) business days following the end of the applicable blackout period. As TVI has been in a continuous black-out period since 2019 and through to the current date, stock options that had been originally scheduled to expire in May 2019 and June 2020 have been extended in accordance with the Company’s Stock Option Plan. The black-out period has applied to all insiders.
The Stock Option Plan was last ratified by the Company shareholders at the 2023 Annual General Meeting (“AGM”) held on June 28, 2023 and accepted for filing by the TSX Venture Exchange (“TSX-V”) in July 2023.
Competitive Advantage
Successful Project Commissioning and Production
TVI Pacific’s TVIRD has brought three projects on-stream in a period of 10 years. In addition, the commissioning and subsequent operations of the Balabag and Siana Gold Projects demonstrates the company’s strong operational capabilities and ability to generate substantial revenues.
Proven Track Record in Mine Development and Operation
In a top mineral-producing and highly-regulated country like the Philippines, the company excels in developing and operating award-winning mines with a proven track record in safety, environmental and social performance.
Strategic Ownership and Partnerships
The company retains its significant ownership stake in TVI Resource Development Philippines Inc. (TVIRD) and has established successful joint ventures and partnerships, such as Agata Mining Ventures Inc. (AMVI), leveraging local and international expertise to optimize operations.
Ongoing Expansion and Acquisition
The acquisition and operations of the Siana Gold Project as well as the acquisition of the Mabilo Project, highlights the company’s commitment to expanding its resource base and enhancing its production capacity.
Strong Environmental and Safety Credentials
The company’s exceptional environmental and safety performance, recognized through various awards and recognitions, underscores its commitment to sustainable and responsible mining practices, enhancing its reputation and retaining the confidence of its stakeholders.
Investing in TVI Pacific Inc. provides a strategic and compelling opportunity to participate in the resource sector through its 30.66% ownership in TVI Resource Development (Philippines), Inc. (TVIRD). As a recognized leader in responsible mining with operational mines in the Philippines, TVI Pacific offers a unique blend of profitability, sustainability, growth potential, and expansion opportunities.
1. Exposure to TVIRD’s Proven Operational Success
TVIRD has consistently demonstrated excellence in mining operations, successfully commissioning and operating three major mining projects within a decade:
Agata Nickel Project that produced and sold 20 million metric tons of nickel over its nine (9) years of commercial operations.
Balabag Gold-Silver Mine and Siana Gold Mine: These high-performing projects have generated substantial revenues, underscoring TVIRD’s ability to bring complex mining projects into production efficiently.
As a 30.66% shareholder, TVI Pacific directly benefits from TVIRD’s operational revenues and its established track record of profitability and value creation.
2. Leadership in Responsible and Sustainable Mining
TVIRD is widely recognized for its commitment to corporate, social, and environmental responsibility, earning prestigious accolades such as the Philippine Presidential Mineral Industry Environmental Awards (PMIEA).
TVIRD’s alignment with global ESG principles enhances its investment appeal and credibility.
The company prioritizes safety, environmental stewardship, and community development, establishing itself as a model operator in the mining sector.
3. Diversified Portfolio and Growth Potential
TVIRD’s diversified portfolio and focus on resource-rich regions position it for sustained growth:
Mabilo Project: A copper-gold-iron skarn deposit with high-grade reserves and multi-metal product opportunities.
Other mining tenements: Assets in various stages of the mining lifecycle provide additional avenues for growth.
TVIRD’s long-term strategy is bolstered by TVI Pacific’s proactive pursuit of new exploration opportunities and acquisitions, which ensures a pipeline of potential future projects to support ongoing revenue generation and expansion.
4. Strong Safety and Health Credentials
TVIRD maintains a strong commitment to safety and health, prioritizing the well-being of its workforce and communities. Its operations meet or exceed international safety standards, further reinforcing its reputation as a responsible and ethical operator.
5. Stable Operations in a Regulated Environment
Operating in the highly regulated Philippine mining industry, TVIRD has consistently complied with stringent environmental and operational standards:
Its ability to navigate the regulatory landscape effectively reduces risks and ensures predictable, sustainable growth.
Robust partnerships with local communities and government regulators have fostered trust and stability, strengthening TVI Pacific’s long-term investment potential.
6. Value from Strategic Partnerships
TVIRD leverages partnerships with local and international stakeholders to optimize operations and capture emerging market opportunities:
Collaborations, such as the Agata joint venture, enhance efficiency and align with evolving industry dynamics.
These partnerships, combined with TVI Pacific’s strategic ownership, drive value creation and maximize investor returns.
In Conclusion
TVI Pacific Inc. offers a unique opportunity for investors to gain exposure to profitable, responsible mining operations with a proven track record of success and a focus on growth. With its stake in TVIRD, an industry leader in the Philippines, TVI Pacific combines operational excellence, ESG alignment, diversified assets, and expansion initiatives to deliver long-term value.
Investors seeking a balanced, sustainable, and high-potential opportunity in the resource sector should strongly consider TVI Pacific Inc.
With award-winning safety & health, environmental and social performance, our management team excels in developing and operating mines in the Philippines, a top global producer of gold, nickel, copper, and chromite.
TVI Pacific’s 30.66%-owned affiliate company, TVI Resource Development Philippines Inc. (TVIRD), has successfully commissioned five mines in the Philippines. These include the Canatuan gold-silver mine, which generated $86 million from 2004 to 2008, and the Canatuan copper-zinc mine, with revenues of $393 million from 2009 to 2014.
Post-2013, TVIRD commenced its Agata nickel laterite DSO operations, which has achieved over 20.78 million wet metric tonnes as of January 2024. Additionally, TVIRD’s Balabag gold and silver project commenced operations in September 2021 and has completed 136 shipments as of January 2025.
In November 2021 TVIRD acquired Greenstone Resources Corporation, including the Siana Gold Mine and the Mapawa Project. Rehabilitation of Siana's facilities was conducted the following year, with successful soft-commissioning and initial smelting and shipping of doré containing 6,283 ounces of gold and 14,968 ounces of silver as of December 2023. The Siana project officially assumed commercial operations in May 2024 and has delivered 18 shipments to its direct markets in Asia and Europe as of January 2025.
Directly following TVIRD’s acquisition of Greenstone,, TVIRD gained control of SageCapital Partners, Inc. in January 2022. SageCapital owns 60% of Mt. Labo Exploration and Development Corporation, the operator of the Mabilo Project. Mabilo's near-surface copper-gold-iron skarn deposit promises direct shipping ore operations and multi-metal product potential.
The Agata Limestone project, with an Environmental Compliance Certificate valid through May 2026, is progressing through the permitting process with strong local government support.
TVIRD’s exceptional environmental and safety performance at Canatuan and Agata has earned it multiple prestigious awards. (See list on https://tvird.com.ph/corporate-profile/)
TVI Pacific does not operate or control any of the mines or projects of TVIRD.
TVI Pacific’s management team remains focused on repeating its operational success in new jurisdictions in the Asia Pacific Region and is searching for resource opportunities that can be rapidly developed and put into production.