TVIRD Group Reports Steady Q1 and Q2 2026 Production
TVI Pacific advances mill upgrades and maintains steady H1 output despite tight liquidity constraints.
TVI Pacific Inc. reported first-half 2026 production figures from its 30.66%-owned subsidiary, TVIRD. Combined H1 2026 production totaled 37,528 ounces of gold and 221,952 ounces of silver.
The Balabag project produced 17,781 oz Au and 209,550 oz Ag across 15 doré shipments. Meanwhile, the Siana project produced 19,747 oz Au and 12,402 oz Ag across 13 doré shipments during soft commissioning.
Phase 13 drilling at the Lalab prospect (Balabag) is complete, comprising approximately 10,000 metres, with Phase 14A nearing completion. At Greenstone, the second crushing circuit is 90% complete, targeting Q3 2026 commissioning. Siana gravity circuit and oxygen generation upgrades are also scheduled for Q3 2026.
Regulatory matters regarding the 2024 TSF incident at Greenstone have been resolved. Mapawa and Mabilo projects continue permitting and pre-development planning.
TVI Pacific Inc. reported production figures consistent with its prior operational cadence, marking no material deviation from expectations. The company is advancing infrastructure upgrades, including improvements to the crushing circuit and Siana metallurgical processes, which are expected to support throughput and recovery rates in the second half of 2026. Additionally, the resolution of 2024 tailings storage facility (TSF) regulatory matters removes a previously lingering overhang, although this outcome had already been anticipated. This operational update confirms the company is executing on its development plan without major surprises, reinforcing continuity following prior regulatory filing delays and the resolution of the MCTO matter in June.
TVI Pacific Inc. (TVI) is a Canadian resource company focused on mining projects in the Philippines. It holds a 30.66% equity interest in TVIRD, which operates the Balabag Gold-Silver Mine and the Siana Gold Mine. The company employs a low-initial CAPEX development model and has navigated complex Philippine permitting environments. Additional projects include Mabilo (pre-development), Pan de Azucar (exploration), and Agata Limestone (exploration). The flagship assets are producing mines that generate revenue through doré shipments, with ongoing exploration to extend mine life.