WHAT WE DO
Our goal is to generate cash flow from several commodity sources to offset cycle risk and continue to build the Company one revenue stream at a time.
TVIRD has assembled an all-Filipino team with exceptional skills in all aspects of mining and exploration and has an impressive diverse portfolio of Philippine resource projects that cover: gold, silver, copper, zinc, nickel, iron, pyrite and limestone.
The company likewise continues to search for new resource properties that can be acquired, developed rapidly and placed into production.
Across all its business interests, TVIRD operates under the highest standards of health and safety for its employees and host communities as well as drives its class-leading approach towards environmental protection.
Exploration
TVIRD is advancing the Pan de Azucar Project towards possible development and production.
The Pyrite joint venture project is owned by TVIRD along with permit holder Minimax Mineral Exploration Corp. and MRL Nickel Philippines Inc., which obtained a renewal of the MPSA’s Exploration Periods from the DENR’s Mines and Geosciences Bureau (MGB), authorizing it to proceed with further exploration activities to bring its findings up to the indicated resource level.
In 2023, the company conducted a series of community preparation activities on the island and proceeded to lay the groundwork for the project. It also mobilized the exploration activities of TVIRD-owned Exploration and Development Corporation (EDCO) in 2024 to validate earlier findings.
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EXPLORATION
Development
Further harnessing its experience in gold and copper, TVIRD is advancing its Mabilo Copper-Gold Project towards development and production, and its Agata Limestone Project towards resource confirmation and possible development. Both are currently in pre-development stage.
Mabilo’s 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). TVIRD also believes that the Mabilo Project has further exploration potential.
Meantime, Agata’s initial resource of over 35.5 million tons of limestone grading (54.57% CaO / 97.3% CaCO3) is ready to be quarried. Parallel exploration drilling on an adjacent Agata property (EP 27) showed some Indicated Resource of 160 million tons grading 51.65% CaO.
Following the success of the Agata Nickel Project, various mining infrastructures are ready for utilization under Agata Limestone operations. The Agata admin building, private port, mine and access roads, stockyards, pier yards and proposed site for a crushing plant make it primed and ready for future development
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DEVELOPMENT
Production
TVIRD is currently focused on operating the Balabag Gold-Silver Mine and exploring for additional reserves in the area. It is also ramping up the Siana Gold Mine and conducting pre-development for its underground mine. Gold and silver dore bars from both projects are exported by TVIRD to its direct markets in Asia, Oceania and Europe.
Balabag is wholly-owned and operated by TVIRD. It began commercial operations in 2021 via a hybrid Merrill-Crowe and Carbon-in-Leach technology and currently mills at an average throughput of 2,500 tons per day. The Project involves mining of an epithermal vein type deposit by open pit method with the potential for developing an underground mine in the future.
Also in the same year, TVIRD acquired the 100% outstanding shares of Greenstone Resources Corporation – the owner and operator of the Siana Gold and Mapawa Projects. Greenstone assets include a state-of-the-art processing facility with a throughput capacity of 1.10 million tons per year as well as key infrastructures in Siana, Ferrer and Mapawa, which has the potential to be developed as a satellite source of ore feed for the processing plant.
Siana conducted soft commissioning in 2023 and brought commercial operations online the following year. It is the most advanced gold plant in the region and has the potential to establish itself as a processing hub.
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PRODUCTION
Rehabilitation
The final mine rehabilitation program of Canatuan – TVIRD’s maiden mining project – is now almost complete. TVIRD is the first mining company licensed under the Philippine Mining Law (Mining Act of 1995), paving the way for its gold-silver / copper-zinc processing operations from 2004-2014. It is also the first company to commence final rehabilitation, and to date, Canatuan is already a fully developed and diversified forest.
The Agata Project is TVIRD’s first foray into nickel – which it operated from 2014 to August 2023. Its nine-year production reached 20.78 million WMT of nickel laterite ore, spanning 382 shipments since 2014. Just like Canatuan, the Agata mine site is now undergoing its final rehabilitation program, approved by the Philippine Government, with the goal of transforming the area into a pioneering mining and agro-tourism destination, featuring orchards, a mining forest, diving sites, events venues, and mine tours areas.
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