View Past PerformanceTVI Pacific 대차대조표 건전성재무 건전성 기준 점검 1/6TVI Pacific 의 총 주주 지분은 CA$47.0M 이고 총 부채는 CA$1.3M, 이는 부채 대 자기자본 비율을 2.8% 로 가져옵니다. 총자산과 총부채는 각각 CA$52.8M 및 CA$5.8M 입니다.핵심 정보2.80%부채/자본 비율CA$1.32m부채이자보상배율n/a현금CA$189.44k자본CA$46.99m총부채CA$5.81m총자산CA$52.80m최근 재무 건전성 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Apr 23TVI Pacific Inc., Annual General Meeting, Jun 26, 2026TVI Pacific Inc., Annual General Meeting, Jun 26, 2026.공시 • Apr 23TVI Pacific Inc., Annual General Meeting, Jun 27, 2025TVI Pacific Inc., Annual General Meeting, Jun 27, 2025.공시 • Aug 30TVI Pacific Inc. announced that it has received CAD 0.93803 million in fundingOn August 28, 2024, closed the transaction. The company announced it has amended the terms of the transaction. The company has received the principal amount of CAD 196,416. The company has raised CAD 938,030.36 in funding so far in the transaction. The Note accrues interest at a rate of prime plus 2.0% per annum and, subject to certain acceleration events, matures in February 2026. The company has raised CAD 1,181,348.45 has been borrowed by the company from the lender.공시 • Jul 07TVI Pacific Inc. Announces CFO ChangesTVI Pacific Inc. announced that Immediately upon conclusion of the annual general and special meeting held on June 27, 2024 Patrick B. Hanna resigned as TVI's Chief Financial Officer and appointed Love D. Manigsaca as Chief Financial Officer, effective immediately. Mr. Love D. Manigsaca currently serves as the Director for Finance & Special Projects of TVI Resource Development (Phils) Inc. Prior to this role, he was the President at Greenstone Resources Corporation, the Mineral Production Sharing Agreement (MPSA) holder of the Siana and Mapawa Gold Projects under Red 5 Limited management. He also contributed to the academia as a former Assistant Professor in the School of Management at the University of the Philippines in Mindanao. Mr. Manigsaca is a Certified Public Accountant (Philippines), Certified Management Accountant, Certified Financial Modeler and Valuation Analyst, Certified Capital Markets and Securities Analyst, and Certified Global Business Analyst. Mr. Manigsaca graduated with a Bachelor of Science degree major in accounting from Xavier University, Philippines and a Master of Business Administration degree from Durham University, England, UK.공시 • Jul 06TVI Pacific Inc. Announces Management ChangesTVI Pacific Inc. at its annual general and special meeting of shareholders held on June 27, 2024 appointed Rex A. Camit, Edsel M. Abrasaldo, Eugene T. Mateo, Johnny C. Felizardo, and Yolanda L. Coronel-Armenta to its board of directors. Immediately upon conclusion of the Meeting, Clifford M. James resigned from his role as President. Michael G. Regino appointed as President, effective immediately. Mr. Regino is the Managing Director of TVIRD and the Senior Vice President and Chief Operating Officer of St. Augustine Gold and Copper Ltd. Prior to these roles, he served as the President and Chief Executive Officer of the Philippines Social Security System (SSS), the state-run institution managing the social insurance program for the private, professional and informal sectors in the Philippines. With three decades of experience in business development, corporate finance, and marketing, Mr. Regino has worked across diverse industries including mining, real estate development, and construction. He graduated cum laude from Ateneo De Zamboanga University with a degree in Bachelor of Arts, major in Economics, and holds a Master of Business Administration from Ateneo de Manila University.공시 • May 30TVI Pacific Inc. announced that it has received CAD 0.254959 million in fundingTVI Pacific Inc. announced a private placement of unsecured interest-bearing non-convertible promissory notes in the principal amounts of CAD 144,658 and CAD 110,301 for a aggregate proceeds of CAD 254,959 from returning lender, Prime Resources Holdings, Inc. on May 28, 2024. The notes accrue interest at prime plus 2.0% per annum and will mature in November, 2025.공시 • Apr 20TVI Pacific Inc., Annual General Meeting, Jun 27, 2024TVI Pacific Inc., Annual General Meeting, Jun 27, 2024.공시 • Apr 12TVI Pacific Inc. Announces Resignation of David Moscovitz as DirectorTVI Pacific Inc. announced that David Moscovitz has tendered his resignation as a director of the Company, effective immediately. The Company thanks Mr. Moscovitz for his valuable contributions and wishes him success in future endeavours.공시 • Apr 02TVI Pacific Provides an Update of Restart Activities at TVIRD's 100% owned GRC Siana Gold MineTVI Pacific Inc. provided an update of restart activities at the Siana Gold Mine ("Siana"). Siana is owned and operated by Greenstone Resources Corporation ("GRC"), a 100% owned subsidiary of the Philippine corporation in which TVI holds a 30.66% interest, TVI Resource Development Phils Inc. ("TVIRD"). Siana is located in Tubod, Surigao del Norte, approximately 35 kilometers from Surigao City and near to Lake Mainit in the southern Philippines island of Mindanao. As previously reported, TVIRD/GRC commenced soft-recommissioning and rehabilitation of the mill in December 2022 after the plant had stood idle through a long period of care and maintenance since the decision of Red 5 Limited/GRC Siana to suspend operations in April 2017. During the soft-recommissioning stage the low-grade stockpile of mineralized material was used and a total of 365,249 tonnes of low-grade mineralized material with an average grade of 0.68 g/t Au and 4.37 g/t Ag was milled, averaging a plant utilization of 64% and an average throughput of 2,200 t/d. The drawdown of the low-grade stockpile was managed to align with the restart of mine development and the removal of a large amount of waste located above the target high-grade ore required for continuous mining operations. The mill was temporarily again shutdown in early August 2023 for further rehabilitative works but through to that time and through to February 29, 2024, a total of 699 kg of doré containing 6,466 oz of Au and 15,538 oz of Ag had been smelted and shipped. Milling operations resumed on March 18, 2024, and through to March 30, 2024, a total of 29,900 tonnes of mill feed has run through the mill at an average throughput of 2,300 t/d for the thirteen (13) running days ended March 30, 2024. Milling was raised to higher throughput than planned to test the maximum capacity of the plant. During the said duration, mill throughput reached a maximum of 3,000 t/d. In its first 277 hours of run time since the mill resumed operations, recovery rates for the carbonaceous limestone ore have averaged 83% for Au and 50% for Ag while the head grades have averaged 2.00 g/t for Au and 12.29 g/t for Ag. Recoveries are expected to increase as the mill stabilizes and the ramp-up of mill throughput is also expected to continue in the coming months as Siana moves toward commercial production. The nameplate capacity of the GRC Siana Outotec mill is 1.1 million tonnes per annum. Mining operations in the open-pit continue to ramp-up and approach a level of sustainable production as higher-grade ore is exposed. An average total-to-date through March 29, 2024, of 1,000 t/d of ore has been mined and 13,000 t/d of waste has been moved at an average strip ratio of 1:8 (ore to waste). There is currently an approximate 70,766 tonnes of ore on the run-of-mine ("ROM") stockpile above the 0.75 g/t Au cut-off grade. The stockpile has an average grade of 2.19 g/t Au and 9.21 g/t Ag. The current stockpile inventory is composed of 57% carbonaceous limestone ore and 43% base metal veins. These are the two major mineralized domains identified by the grade control section.공시 • Jul 01TVI Pacific Inc. Announces Executive ChangesTVI Pacific Inc. at its AGM held on June 28, 2023, announced that Manuel Paolo A. Villar and Michael G. Regino were elected as directors, as nominees of Prime Resources Holdings Inc., in connection with the anticipated completion of the previously announced private placement. Messrs. Villar and Regino have been elected as directors upon the condition that they shall resign if the private placement does not close by July 31, 2023 or if there is a failure to obtain any regulatory approval or clearance for such nominee to act as a director of the Company.공시 • May 31TVI Pacific Inc. announced that it expects to receive CAD 1.34 million in funding from Prime Resources Holdings, Inc.TVI Pacific Inc. announced that it has entered into a binding term sheet with new investor Prime Resources Holdings, Inc. to issue 53,600,000 Common Shares at a price of CAD 0.025 per share representing an aggregate price of CAD 1,340,000 on May 29, 2023. Completion of the transactions contemplated by the proposed transactions will be subject to the satisfaction or waiver of various conditions, including committee or board approval, as applicable, of both TVI and PRH, receipt of all necessary regulatory and third party approvals including the TSX Venture Exchange ("TSXV"), and if applicable, shareholder approval, the negotiation, execution and delivery of definitive transaction documentation and the completion of due diligence investigations. If the Private Placement is completed, Common Shares owned by PRHI would represent, in aggregate, approximately 12% of Common Shares currently outstanding, assuming there is no further issuance of shares from the treasury of the Company prior to the closing of the Private Placement.공시 • May 11TVI Pacific Provides Mining and Projects Update At 30.66% Owned TVIRDTVI Pacific Inc. provided an update with respect to the various mines and projects held and operated by TVI Resource Development Phils. Inc. ("TVIRD"), a Philippines corporation in which TVI holds a 30.66% interest. Highlights: Balabag Gold Mine: Since start-up, fifty-one dor shipments have been completed containing 51,967 ounces of gold ("Au") and 1,244,097 ounces of silver ("Ag") for 66,924 gold equivalent ounces. In the current year, fifteen dor shipments containing 10,083 ounces of Au and 176,043 ounces of Ag for 12,181 gold equivalent ounces have been completed. Plant throughput continues to improve to an average of 2,797 tonnes per day ("tpd") for April 2023 as compared to a name plate design capacity of 2,000 tpd. A maximum daily throughput of greater than 3,500 tpd has been achieved at the plant. Principal bank loan repayments total USD 17.1 million to date of the USD 28.5 million, 5-year term loan with China Banking Corporation ("Facility"). Siana Gold Mine: Soft commissioning of the processing plant commenced in December 2022 and through to March 31, 2023, 185 kilograms of dor containing 2,533 ounces of Au and 3,200 ounces of Ag have been smelted and a total of 179 kilograms of dor containing 2.472 ounces of Au and 3,065 ounces of Ag have been shipped. Agata Mining Ventures Project-to-date, 376 shipments of 20.46 million wet metric tonnes of nickel laterite have been shipped, including thus far one shipment that was completed in 2023, subsequent to the announcement of May 18, 2022, that the Agata direct shipping nickel/iron mine was expected to decrease operations in October 2022. TVIRD Mining Update: Balabag Gold Mine. TVIRD has now completed fifty-one shipments of gold dor since start-up of production from its 100%-owned Balabag Gold Mine ("Balabag"). Balabag covers a 4,779-hectare Mineral Production Sharing Agreement ("MPSA", MPSA No. 086-97-IX with expiry date November 20, 2047) located within the Municipality of Bayog, It is expected that both gold and silver grades will increase as mining progresses to deeper levels. As noted, plant throughput continues to improve to an average of 2,797 tpd for April 2023 as compared to a name plate design capacity of 2,000 tpd. A maximum daily throughput of greater than 3,500 tpd has been achieved and the plan is to be able to produce an average of 3,500 tpd on a continuous basis. Optimization works to improve plant efficiency have included: Installation of a SAG MILL bypass conveyor line has been completed that allows direct ore feed into the secondary ball mills. This bypass system will allow uninterrupted mill operations during SAG MILL relining and other repair works. The improvement increased the overall throughput capacity of the Process Plant. Installation of the Oxygen Generator Plant to improve leaching efficiency (higher plant recovery). The system is currently undergoing commissioning. the Merrill Crowe clarifier circuit capacity (increase Merrill Crowe & overall throughput). This system has been prepared for commissioning. Ongoing installation of the generator set air ducting system for improved mechanical availability of the gensets by the end of 2023.재무 상태 분석단기부채: TVIP.F 의 단기 자산 ( CA$241.4K )은 단기 부채( CA$5.4M ).장기 부채: TVIP.F의 단기 자산(CA$241.4K)이 장기 부채(CA$453.2K)를 충당하지 못합니다.부채/자본 비율 추이 및 분석부채 수준: TVIP.F 의 순부채 대 자기자본 비율( 2.4% )은 satisfactory로 간주됩니다.부채 감소: TVIP.F의 부채 대비 자본 비율은 지난 5년 동안 0%에서 2.8%로 증가했습니다.부채 범위: TVIP.F 의 영업현금흐름이 마이너스이므로 부채가 제대로 상환되지 않습니다.이자 보장: TVIP.F 의 부채에 대한 이자 지급이 EBIT에 의해 잘 충당되었는지 판단할 데이터가 부족합니다.대차대조표건전한 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 건실한 기업.View Dividend기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 22:23종가2026/05/22 00:00수익2025/09/30연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스TVI Pacific Inc.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
공시 • Apr 23TVI Pacific Inc., Annual General Meeting, Jun 26, 2026TVI Pacific Inc., Annual General Meeting, Jun 26, 2026.
공시 • Apr 23TVI Pacific Inc., Annual General Meeting, Jun 27, 2025TVI Pacific Inc., Annual General Meeting, Jun 27, 2025.
공시 • Aug 30TVI Pacific Inc. announced that it has received CAD 0.93803 million in fundingOn August 28, 2024, closed the transaction. The company announced it has amended the terms of the transaction. The company has received the principal amount of CAD 196,416. The company has raised CAD 938,030.36 in funding so far in the transaction. The Note accrues interest at a rate of prime plus 2.0% per annum and, subject to certain acceleration events, matures in February 2026. The company has raised CAD 1,181,348.45 has been borrowed by the company from the lender.
공시 • Jul 07TVI Pacific Inc. Announces CFO ChangesTVI Pacific Inc. announced that Immediately upon conclusion of the annual general and special meeting held on June 27, 2024 Patrick B. Hanna resigned as TVI's Chief Financial Officer and appointed Love D. Manigsaca as Chief Financial Officer, effective immediately. Mr. Love D. Manigsaca currently serves as the Director for Finance & Special Projects of TVI Resource Development (Phils) Inc. Prior to this role, he was the President at Greenstone Resources Corporation, the Mineral Production Sharing Agreement (MPSA) holder of the Siana and Mapawa Gold Projects under Red 5 Limited management. He also contributed to the academia as a former Assistant Professor in the School of Management at the University of the Philippines in Mindanao. Mr. Manigsaca is a Certified Public Accountant (Philippines), Certified Management Accountant, Certified Financial Modeler and Valuation Analyst, Certified Capital Markets and Securities Analyst, and Certified Global Business Analyst. Mr. Manigsaca graduated with a Bachelor of Science degree major in accounting from Xavier University, Philippines and a Master of Business Administration degree from Durham University, England, UK.
공시 • Jul 06TVI Pacific Inc. Announces Management ChangesTVI Pacific Inc. at its annual general and special meeting of shareholders held on June 27, 2024 appointed Rex A. Camit, Edsel M. Abrasaldo, Eugene T. Mateo, Johnny C. Felizardo, and Yolanda L. Coronel-Armenta to its board of directors. Immediately upon conclusion of the Meeting, Clifford M. James resigned from his role as President. Michael G. Regino appointed as President, effective immediately. Mr. Regino is the Managing Director of TVIRD and the Senior Vice President and Chief Operating Officer of St. Augustine Gold and Copper Ltd. Prior to these roles, he served as the President and Chief Executive Officer of the Philippines Social Security System (SSS), the state-run institution managing the social insurance program for the private, professional and informal sectors in the Philippines. With three decades of experience in business development, corporate finance, and marketing, Mr. Regino has worked across diverse industries including mining, real estate development, and construction. He graduated cum laude from Ateneo De Zamboanga University with a degree in Bachelor of Arts, major in Economics, and holds a Master of Business Administration from Ateneo de Manila University.
공시 • May 30TVI Pacific Inc. announced that it has received CAD 0.254959 million in fundingTVI Pacific Inc. announced a private placement of unsecured interest-bearing non-convertible promissory notes in the principal amounts of CAD 144,658 and CAD 110,301 for a aggregate proceeds of CAD 254,959 from returning lender, Prime Resources Holdings, Inc. on May 28, 2024. The notes accrue interest at prime plus 2.0% per annum and will mature in November, 2025.
공시 • Apr 20TVI Pacific Inc., Annual General Meeting, Jun 27, 2024TVI Pacific Inc., Annual General Meeting, Jun 27, 2024.
공시 • Apr 12TVI Pacific Inc. Announces Resignation of David Moscovitz as DirectorTVI Pacific Inc. announced that David Moscovitz has tendered his resignation as a director of the Company, effective immediately. The Company thanks Mr. Moscovitz for his valuable contributions and wishes him success in future endeavours.
공시 • Apr 02TVI Pacific Provides an Update of Restart Activities at TVIRD's 100% owned GRC Siana Gold MineTVI Pacific Inc. provided an update of restart activities at the Siana Gold Mine ("Siana"). Siana is owned and operated by Greenstone Resources Corporation ("GRC"), a 100% owned subsidiary of the Philippine corporation in which TVI holds a 30.66% interest, TVI Resource Development Phils Inc. ("TVIRD"). Siana is located in Tubod, Surigao del Norte, approximately 35 kilometers from Surigao City and near to Lake Mainit in the southern Philippines island of Mindanao. As previously reported, TVIRD/GRC commenced soft-recommissioning and rehabilitation of the mill in December 2022 after the plant had stood idle through a long period of care and maintenance since the decision of Red 5 Limited/GRC Siana to suspend operations in April 2017. During the soft-recommissioning stage the low-grade stockpile of mineralized material was used and a total of 365,249 tonnes of low-grade mineralized material with an average grade of 0.68 g/t Au and 4.37 g/t Ag was milled, averaging a plant utilization of 64% and an average throughput of 2,200 t/d. The drawdown of the low-grade stockpile was managed to align with the restart of mine development and the removal of a large amount of waste located above the target high-grade ore required for continuous mining operations. The mill was temporarily again shutdown in early August 2023 for further rehabilitative works but through to that time and through to February 29, 2024, a total of 699 kg of doré containing 6,466 oz of Au and 15,538 oz of Ag had been smelted and shipped. Milling operations resumed on March 18, 2024, and through to March 30, 2024, a total of 29,900 tonnes of mill feed has run through the mill at an average throughput of 2,300 t/d for the thirteen (13) running days ended March 30, 2024. Milling was raised to higher throughput than planned to test the maximum capacity of the plant. During the said duration, mill throughput reached a maximum of 3,000 t/d. In its first 277 hours of run time since the mill resumed operations, recovery rates for the carbonaceous limestone ore have averaged 83% for Au and 50% for Ag while the head grades have averaged 2.00 g/t for Au and 12.29 g/t for Ag. Recoveries are expected to increase as the mill stabilizes and the ramp-up of mill throughput is also expected to continue in the coming months as Siana moves toward commercial production. The nameplate capacity of the GRC Siana Outotec mill is 1.1 million tonnes per annum. Mining operations in the open-pit continue to ramp-up and approach a level of sustainable production as higher-grade ore is exposed. An average total-to-date through March 29, 2024, of 1,000 t/d of ore has been mined and 13,000 t/d of waste has been moved at an average strip ratio of 1:8 (ore to waste). There is currently an approximate 70,766 tonnes of ore on the run-of-mine ("ROM") stockpile above the 0.75 g/t Au cut-off grade. The stockpile has an average grade of 2.19 g/t Au and 9.21 g/t Ag. The current stockpile inventory is composed of 57% carbonaceous limestone ore and 43% base metal veins. These are the two major mineralized domains identified by the grade control section.
공시 • Jul 01TVI Pacific Inc. Announces Executive ChangesTVI Pacific Inc. at its AGM held on June 28, 2023, announced that Manuel Paolo A. Villar and Michael G. Regino were elected as directors, as nominees of Prime Resources Holdings Inc., in connection with the anticipated completion of the previously announced private placement. Messrs. Villar and Regino have been elected as directors upon the condition that they shall resign if the private placement does not close by July 31, 2023 or if there is a failure to obtain any regulatory approval or clearance for such nominee to act as a director of the Company.
공시 • May 31TVI Pacific Inc. announced that it expects to receive CAD 1.34 million in funding from Prime Resources Holdings, Inc.TVI Pacific Inc. announced that it has entered into a binding term sheet with new investor Prime Resources Holdings, Inc. to issue 53,600,000 Common Shares at a price of CAD 0.025 per share representing an aggregate price of CAD 1,340,000 on May 29, 2023. Completion of the transactions contemplated by the proposed transactions will be subject to the satisfaction or waiver of various conditions, including committee or board approval, as applicable, of both TVI and PRH, receipt of all necessary regulatory and third party approvals including the TSX Venture Exchange ("TSXV"), and if applicable, shareholder approval, the negotiation, execution and delivery of definitive transaction documentation and the completion of due diligence investigations. If the Private Placement is completed, Common Shares owned by PRHI would represent, in aggregate, approximately 12% of Common Shares currently outstanding, assuming there is no further issuance of shares from the treasury of the Company prior to the closing of the Private Placement.
공시 • May 11TVI Pacific Provides Mining and Projects Update At 30.66% Owned TVIRDTVI Pacific Inc. provided an update with respect to the various mines and projects held and operated by TVI Resource Development Phils. Inc. ("TVIRD"), a Philippines corporation in which TVI holds a 30.66% interest. Highlights: Balabag Gold Mine: Since start-up, fifty-one dor shipments have been completed containing 51,967 ounces of gold ("Au") and 1,244,097 ounces of silver ("Ag") for 66,924 gold equivalent ounces. In the current year, fifteen dor shipments containing 10,083 ounces of Au and 176,043 ounces of Ag for 12,181 gold equivalent ounces have been completed. Plant throughput continues to improve to an average of 2,797 tonnes per day ("tpd") for April 2023 as compared to a name plate design capacity of 2,000 tpd. A maximum daily throughput of greater than 3,500 tpd has been achieved at the plant. Principal bank loan repayments total USD 17.1 million to date of the USD 28.5 million, 5-year term loan with China Banking Corporation ("Facility"). Siana Gold Mine: Soft commissioning of the processing plant commenced in December 2022 and through to March 31, 2023, 185 kilograms of dor containing 2,533 ounces of Au and 3,200 ounces of Ag have been smelted and a total of 179 kilograms of dor containing 2.472 ounces of Au and 3,065 ounces of Ag have been shipped. Agata Mining Ventures Project-to-date, 376 shipments of 20.46 million wet metric tonnes of nickel laterite have been shipped, including thus far one shipment that was completed in 2023, subsequent to the announcement of May 18, 2022, that the Agata direct shipping nickel/iron mine was expected to decrease operations in October 2022. TVIRD Mining Update: Balabag Gold Mine. TVIRD has now completed fifty-one shipments of gold dor since start-up of production from its 100%-owned Balabag Gold Mine ("Balabag"). Balabag covers a 4,779-hectare Mineral Production Sharing Agreement ("MPSA", MPSA No. 086-97-IX with expiry date November 20, 2047) located within the Municipality of Bayog, It is expected that both gold and silver grades will increase as mining progresses to deeper levels. As noted, plant throughput continues to improve to an average of 2,797 tpd for April 2023 as compared to a name plate design capacity of 2,000 tpd. A maximum daily throughput of greater than 3,500 tpd has been achieved and the plan is to be able to produce an average of 3,500 tpd on a continuous basis. Optimization works to improve plant efficiency have included: Installation of a SAG MILL bypass conveyor line has been completed that allows direct ore feed into the secondary ball mills. This bypass system will allow uninterrupted mill operations during SAG MILL relining and other repair works. The improvement increased the overall throughput capacity of the Process Plant. Installation of the Oxygen Generator Plant to improve leaching efficiency (higher plant recovery). The system is currently undergoing commissioning. the Merrill Crowe clarifier circuit capacity (increase Merrill Crowe & overall throughput). This system has been prepared for commissioning. Ongoing installation of the generator set air ducting system for improved mechanical availability of the gensets by the end of 2023.