TVI Pacific Inc. (V:TVI)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | Suite 806, 505 - 2nd Street SW CALGARY AB T2P 1N8 |
| Tel: | 1-403-2336502 |
| Website: | https://www.tvipacific.com/main/default.aspx |
| IR: | See website |
| Key People | ||
| Clifford M. James Chairman of the Board, President, Chief Executive Officer | Patrick B. Hanna Chief Financial Officer, Vice President of Finance and Administration | |
| Business Overview |
| TVI Pacific Inc. is a Canada-based resource company focused on mining projects in the Philippines. The Company holds about 30.66% equity interest in TVI Resource Development Phils., Inc. (TVIRD). Through TVIRD, the Company has ownership in a producing gold mine and is focused on bringing on-stream the Siana gold mine. TVIRD owns 100% of the Balabag gold/silver mine, 100% of the Siana gold mine and Mapawa project, a 60% indirect interest in the Mabilo project, and a 60% interest in Agata Mining Ventures Inc. The Balabag gold/silver mine covers approximately 4,779-hectare (ha) Mineral Production Sharing Agreement (MPSA) located within the Municipality of Bayog, Province of Zamboanga del Sur and Municipalities of Diplahan and Kabasalan, Province of Zamboanga Sibugay, Mindanao, Philippines, about 75 kilometers (km) east-northeast of TVIRD's Canatuan mine. The Siana gold mine is located in Tubod, Surigao del Norte, approximately 35 km from Surigao City and near to Lake Mainit. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, TVI Pacific Inc revenues was not reported. Net loss increased from C$195K to C$8.6M. Higher net loss reflects Equity Earnings -Before Taxes decrease from C$1.2M (income) to C$5.9M (expense), Personnel costs increase from C$732K to C$1.6M (expense), Other gains decrease from C$119K (income) to C$0K. Basic Earnings per Share excluding Extraordinary Items totaled to -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $14.30M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.55M as of Dec 31, 2023 |
| Net annual income (TTM): | -$8.58M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.48M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 728,587,039 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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