TVI Resource Development Philippines Inc. (TVIRD) has started on Sept. 30 the commercial mining operations of its Balabag gold and silver project in Bayog, Zamboanga del Sur, it said on Wednesday.
Jun Gringo, TVIRD Balabag project manager, said in a statement that the company is operating at a capacity of 1,000 tons daily.
He added that the company made its first gold dore shipment, at 855 kilograms containing 932 ounces of gold and 25,959 ounces of silver.
Mr. Gringo expects TVIRD to double its operating capacity due to the 24-hour operation of the Balabag plant and mining activities. It also cited the experience of its workers and its newly installed mill plant.
According to TVIRD’s website, the Balabag gold and silver project is covered by Mineral Production Sharing Agreement 086-97-IX spanning 4,779 hectares in three provinces in Zamboanga Peninsula.
“With its Balabag gold and silver project coming online, the company remains committed to exploration and mining practices that promote transparency, responsible stewardship of the environment, and the inalienable rights to life, dignity, and sustainable development of its host communities,” TVIRD said.
TVIRD is the local affiliate of TVI Pacific, Inc., a publicly listed Canadian mining company focused on projects in the Philippines. — Revin Mikhael D. Ochave
