PMEA Blog

Abigail L. Ho | Philippine Daily Inquirer

TVI PACIFIC LTD., THE CANADIAN AFFILIate of mining firm TVI Resource Development (Philippines) Inc., registered a strong third quarter, driven mainly by successes registered at the Canatuan project in Zamboanga del Norte.

“A number of factors have contributed to our financial and operational success over the past three quarters. Through steady process improvements at Canatuan, the team has been able to decrease average production cash costs, demonstrating that we continue to deliver on our operational targets. This, combined with strong copper prices, resulted in a considerable improvement in our cash position,” TVI president and chief executive Cliff James said in a statement posted on the TVIRD website.

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