TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF) (TVI or the Company) announced its unaudited, consolidated financial and operational results for the quarter ended March 31, 2012.
For a thorough explanation of the points discussed in this news release, shareholders are encouraged to read the unaudited interim consolidated financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), and the management’s discussion and analysis for the quarters ended March 31, 2012 and March 31, 2011 and the audited consolidated financial statements for the years ended December 31, 2011 and 2010.
These documents were filed with certain securities regulators in Canada, and are available on our web site (www.tvipacific.com) or under our profile on SEDAR (www.sedar.com).
Q1 2012 Highlights
— Net revenue of $14.4 million realized from the sale of concentrate
— Net loss of $2.3 million
— Earnings before interest, depreciation and accretion of $2.1 million
— Cash balance of $20.4 million at quarter end
— Short term debt facilities of $13.9 million (average interest rate of 1.93%)
— A working capital surplus of $12.4 million
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