Welcome to our dedicated page for Tvi Pacific news (Ticker: TVIPF), a resource for investors and traders seeking the latest updates and insights on Tvi Pacific stock.
TVI Pacific Inc. (TVIPF) delivers timely updates on its Philippine mining operations through this dedicated news hub. Track official announcements covering production milestones, financial results, and strategic developments across gold, silver, and base metal projects.
This resource consolidates essential updates for monitoring TVI's operational progress, including Balabag mine outputs, Siana gold mine restarts, and Mapawa exploration activities. Investors gain direct access to earnings releases, regulatory disclosures, and partnership announcements critical for informed analysis.
Discover updates across three key areas: production reports from active mines, exploration progress on new mineral targets, and financial transactions supporting operational expansion. Each release is vetted for compliance with Canadian disclosure standards.
Bookmark this page for streamlined access to TVI Pacific's evolving story in one of Asia's most mineral-rich regions. Check regularly for developments impacting metal production volumes, resource estimates, and corporate governance practices.
TVI Pacific (TSXV: TVI) (OTC Pink: TVIPF) has appointed Davidson & Company as its new auditor, following the resignation of PricewaterhouseCooper on September 6, 2024. The appointment has been approved by both the board of directors and audit committee, pending shareholder ratification at the next annual meeting.
The former auditor's reports for fiscal years 2023 and 2022 contained no modified opinions. However, there was a reportable event regarding unresolved whistleblower allegations involving TVI Resource Development (Phils) Inc., the company's 30.66% subsidiary, and a tailings incident at the Siana gold mine operated by Greenstone Resources , a TVIRD wholly-owned subsidiary.
TVI has authorized the former auditor to fully respond to inquiries from the new auditor concerning these matters. The complete reporting package is available on SEDAR+.
TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) announces the resignation of its auditor, PricewaterhouseCooper , effective September 6, 2024. The company is in the process of appointing a new auditor. A reportable event related to potential whistleblower allegations involving TVI Resource Development (Phils) Inc. (TVIRD), the company's 30.66% subsidiary, and a tailings incident at the Siana gold mine has been noted.
On May 13, 2024, Greenstone Resources (GRC), a wholly-owned subsidiary of TVIRD, experienced an embankment failure at its tailings storage facility following earthquakes. Mining operations were voluntarily suspended. An investigation resulted in a notice of violation and a fine of ₱150,000 (CAD$3,601), which has been paid. Unproven whistleblower allegations were later reported, but an internal investigation found them unsubstantiated. The former auditor was unable to conclude on the matter's implications before resigning.
TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) has received a $196,416.00 loan from Prime Resources Holdings, Inc. under a previously announced funding commitment agreement. The loan is evidenced by an unsecured interest-bearing promissory note maturing in February 2026, with an interest rate of prime plus 2.0% per annum. To date, TVI has borrowed $1,181,348.45 from the lender. The company plans to use the funds for accrued expenses, working capital, and general corporate purposes.
As Prime Resources Holdings is a related party, the transaction is considered a related party transaction under MI 61-101. TVI relied on exemptions from formal valuation and minority shareholder requirements due to the loan's reasonable commercial terms and non-convertible nature.
