What TVI Resource Development Philippines does

TVI Resource Development Philippines, Inc. (TVIRD) is a Philippine-domiciled, privately-held diversified mining company incorporated in 2004 and headquartered in Makati City. The company is jointly owned by Canada's TVI Pacific Inc. (TSX: TVI) and the Philippine-based Prime Resource Holdings Inc. TVIRD operates the full mining lifecycle — exploration, development, production, and final rehabilitation — across multiple project sites in the Philippines. Its active and historical portfolio includes Canatuan (gold-silver, copper-zinc in Siocon, Zamboanga del Norte), Agata (nickel-iron and limestone in Agusan del Norte, in rehabilitation), Balabag (gold-silver, on-stream 2021 in Bayog, Zamboanga del Sur), Siana (gold, on-stream 2022 in Surigao del Norte via wholly-owned subsidiary Greenstone Resources Corporation), Pan de Azucar (pyrite in Concepcion, Iloilo), and Mabilo (copper-gold in Labo, Camarines Norte). Technology assets include a proprietary cost-effective leaching process for low-grade nickel laterite, a 5.3-MWp solar farm at Siana offsetting roughly 16% of process-plant energy needs, and an Integrated Management System certified to ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.

TVIRD monetizes its mining assets through direct sales of mineral concentrates (gold, silver, copper, zinc) and direct shipping ores to offtake buyers, supplemented by limestone, nickel, and pyrite production. Its go-to-market is anchored in government relations and community engagement rather than traditional sales channels: the company secures Mineral Production Sharing Agreements (MPSAs), maintains multi-partite monitoring teams, and delivers a Social Development and Management Program (SDMP) that includes royalty payments to indigenous communities (1-1.5% of gross income under Philippine Mining Law), livelihood programs, education support (8,500+ scholars, 13,000 students across 67 schools), and infrastructure development. Distribution occurs through company-owned port facilities (e.g., Sta. Maria wharf in Siocon) and direct enterprise-level buyer relationships. Pricing is not publicly disclosed, consistent with industry norms for concentrate sales.

The company's stakeholder base spans Philippine government entities (national, provincial, municipal), indigenous cultural communities (primarily the Subanen/Subanon tribe), host municipalities and barangays, and undisclosed mineral offtake buyers. Notable commercial partners include Mindoro Resources Ltd. and Minimax Mineral Exploration Corporation (Agata and Pan de Azucar JVs), PAVI Green Renewable Energy (solar farm EPC), DHL Philippines (GoGreen Plus logistics), and Shell Philippines (carbon credits). Awards include back-to-back Platinum Presidential Mineral Industry Environment Awards (2011-2012), the DOLE Most Outstanding Employer Award (2012), and PMSEA Best Mining Forest and Safest Mining Operations Awards.

Name

TVI Resource Development Philippines

Legal name

TVI Resource Development Phils., Inc.

Website

https://tvird.com.ph

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

TVIRD is a Philippine diversified mining company jointly owned by Canada's TVI Pacific (TSX: TVI) and Prime Resource Holdings, operating gold, silver, copper, zinc, nickel, and limestone projects across multiple Philippine sites with strong community and ESG programs.

Ownership category

akta.pro rank

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Mineral Production and Sales: Extraction and processing of precious and base metals including gold, silver, copper, zinc, nickel, pyrite, and limestone. Products sold include concentrates and direct shipping ores (DSOs).
2. Royalties from Mining Operations: Payment of royalties to indigenous peoples (1-1.5% of gross income) as mandated by Philippine Mining Law for operations on ancestral domains.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels8 records

Core offering

TVI Resource Development Philippines (TVIRD) is a diversified mining company that extracts, processes, and sells precious and base metals from large-scale mining projects in the Philippines. Its portfolio includes gold, silver, copper, zinc, nickel, limestone, and pyrite produced at sites in Zamboanga del Norte, Zamboanga del Sur, Agusan del Norte, Surigao del Norte, Iloilo, and Camarines Norte. The company also operates a 5.3-MWp solar facility and runs community development programs through its Social Development and Management Plan (SDMP).

Product overview

TVI Resource Development Philippines (TVIRD) is a mining company jointly owned by Canada's TVI Pacific Inc. (TSX: TVI) and Philippines' Prime Resource Holdings Inc. The company operates as a diversified mining group focused on exploration, development, and production of precious and base metals from large-scale mining projects in the Philippines. TVIRD's portfolio includes multiple mining operations: the Canatuan Project (gold-silver, copper-zinc in Zamboanga del Norte), Agata Mining Project (nickel-iron and limestone in Agusan del Norte, now in rehabilitation), Balabag Gold & Silver Project (in Zamboanga del Sur, on-stream 2021), and Siana Gold Project (in Surigao del Norte, commercial operations 2022). The company also operates the Greenstone Solar Farm (5.3-MWp renewable energy facility at Siana) and the Mabakas Techno Demo Farm for community development. Subsidiaries include Greenstone Resources Corporation (operator of Siana) and Agata Mining Ventures Inc. (joint venture with MRL). TVIRD takes a holistic approach to managing the mining project lifecycle from exploration through final rehabilitation.

Differentiator

Problem solved

Functional benefit

Brands

• Greenstone Resources Corporation: A wholly-owned subsidiary of TVIRD, operating the Siana Gold Project in Surigao del Norte. Greenstone maintains IMS certifications under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
• Agata Mining Ventures Inc.
• Greenstone Solar Farm

Products and services

• Balabag Gold & Silver Project
• Siana Gold Project
• Agata Mining Project
• Pan de Azucar Project
• Mabilo Project
• Greenstone Solar Farm

Quantifiable outcome

• P727.6 million total development contributions over 9 years to government and communities
• +5 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered flagship, minor and core.

• PAVI Green Renewable Energy, Inc.flagshipStrategic or Co-development Partner · 1 April 2026Renewable energy specialist partner implementing the 5.3-MWp solar farm at Siana Gold Project, the first large-scale solar installation by a mining company in Caraga Region, expected to generate 7.9 million kWh annually.
• DHL PhilippinesminorGTM or Marketing Partner · 1 January 2025Logistics partner in GoGreen Plus program enabling reduced logistics-related emissions through Sustainable Aviation Fuel (SAF), achieving 23.20% emission reduction for TVIRD and 12.61% for Greenstone.
• Department of Trade and Industry (DTI) - Negosyo Center CaragaminorStrategic or Co-development Partner · 1 July 2024Partnership supporting sale and promotion of Mabakas Techno Demo Farm community handicrafts and products through SDMP-supported programs.
• Mindoro Resources Ltd. (MRL)coreStrategic or Co-development Partner · 1 October 2012Joint venture partner holding option to 60% interest in Agata and Pan de Azucar mining projects. MRL Nickel Philippines, Inc. (formerly MRL Gold Phils., Inc.) has won multiple PMSEA awards for mining forest and exploration safety.
• Minimax Mineral Exploration CorporationcoreStrategic or Co-development Partner · 1 October 2012MPSA holder partner in Agata and Pan de Azucar joint venture projects, with TVIRD reserving option to assume 60% interest and act as operator.
• Greenstone Resources CorporationcoreOthersWholly-owned subsidiary of TVIRD that operates the Siana Gold Project in Surigao del Norte, maintaining ISO certifications for quality, environmental, and occupational health and safety management.
• Agata Mining Ventures Inc.coreOthersJoint venture entity established through TVIRD and MRL partnership for nickel laterite and limestone operations at Agata, now in final rehabilitation stage.
• Shell PhilippinesminorStrategic or Co-development PartnerCarbon credits partnership for reforestation-based offsetting, reinforcing emissions management approach that extends beyond operational sites.

Scale indicators23 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Philex Mining Corporation: One of the Philippines' largest gold and copper producers, operating the Padcal mine. Comparable diversified precious/base metals miner with a long Philippine operating history and similar MPSA-based regulatory model.
• Apex Mining Company Inc. Philippine gold miner operating the Maco mine in Davao de Oro (Mindanao). Directly comparable in scale and geography to TVIRD's Mindanao gold operations at Balabag and Siana.
• Nickel Asia Corporation: Philippines' largest nickel miner, operating the Rio Tuba and Taganito mines in Palawan and Surigao del Norte. Directly comparable to TVIRD's nickel laterite operations at Agata and shared Surigao operating geography.
• Lepanto Consolidated Mining Company: Philippine gold and copper producer operating the Victoria and Teresa mines in Benguet. Directly comparable mid-tier Philippine precious/base metals miner with similar regulatory exposure and community engagement requirements.
• Benguet Corporation: Diversified Philippine mining company historically producing gold, silver, nickel, and chromite. Comparable as a long-standing Philippine diversified miner with overlapping commodity exposure.
• Atlas Consolidated Mining and Development Corporation: Philippine copper and gold miner operating the Toledo mine in Cebu. Comparable diversified Philippine base/precious metals producer with similar scale and MPSA regulatory framework.

Others

• Cementir Holding / Limestone Aggregates Players: Aggregated comparison set for TVIRD's limestone operations at Agata. Limestone mining serves cement and steel industries and represents an adjacent commodity angle of TVIRD's diversified portfolio.
• TVI Pacific Inc. TSX-listed parent company of TVIRD, providing strategic direction and capital markets access. Listed as a peer for transparency on consolidated group economics and as the public-market read-through for TVIRD's underlying value.

Regional players

• OceanaGold Corporation: Mid-tier gold producer with operations in the Philippines (Didipio), New Zealand, and the United States. Comparable as a regional gold miner with Philippine exposure and similar MPSA operating model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@tvird
• Facebookfacebook.com/tvirdph
• LinkedInlinkedin.com/company/tvirdph

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TVI Resource Development Philippines