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TVI Pacific Inc. (TSX: TVI; OTCQX: TVIPF) is a publicly-traded Canadian company that is focused on the production, development, exploration and acquisition of resource projects in the Philippines. TVI produces copper and zinc concentrates from its Canatuan mine, is pre-developing its Balabag gold-silver project and is carrying out exploration programs on its other North Zamboanga tenements. TVI also has an interest in an offshore Philippine oil property.

Management Discussion and Analysis for the Nine Months Ended September 30, 2011 and 2010

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