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Pan American Silver’s Tahoe buyout gets shareholder nod

By: Simone Liedtke     9th January 2019 TSX- and NYSE-listed Tahoe Resources’ shareholders have approved the proposed buyout of the company by Pan American Silver. Pan American’s shareholders, in turn, have approved resolutions related to the transaction, including the issue of common shares to Tahoe shareholders. 

Tahoe Resources loss less then forecast but wider than last year

By: Reuters     7th November 2018 Tahoe Resources Inc posted a quarterly loss on Tuesday that was less then Wall Street expected although it widened from a year earlier, while the gold and silver miner predicted that its production for the year would be at the low end of guidance. Tahoe's Escobal silver mine in Guatemala, the... 

Tahoe Resources CEO says top priority is ending Guatemala mine dispute

By: Reuters     2nd August 2018 The new chief executive of Tahoe Resources said on Thursday that his top priority is ending a long-running dispute in Guatemala that has stopped all of the mining company's silver production. Jim Voorhees, who became CEO of the Reno, Nevada-based company in June, said he has deployed new staff... 

Tahoe’s Clayton passes baton to James Voorhees

By: Mariaan Webb     12th June 2018 Precious metals miner Tahoe Resources has appointed mining engineer and founding director James Voorhees as its new president and CEO, succeeding Ronald Clayton, who is retiring on Friday. Voorhees has been a director of the company since its inception in 2010 and he will remain on the board... 

Workers down tools at Tahoe’s La Arena mine

By: Henry Lazenby     23rd April 2018 Dual-listed precious metals producer Tahoe Resources has reported that a labour strike at its La Arena mine, in Peru, has impacted the operation since Friday. According to the Vancouver-based miner, it is actively engaging the La Arena Union, which represents about 65% of the mine’s work force. 

Tahoe says La Arena fuel spill fully contained

By: Henry Lazenby     10th April 2018 Dual-listed precious metals producer Tahoe Resources reported on Monday that it had fully contained a fuel spill at the La Arena mine, in Peru. According to a company statement, a contractor overfilled a diesel storage tank on Friday evening, spilling diesel into the containment facilities. 

Guatemala court requests more information before making Escobal ruling

By: Marleny Arnoldi     9th March 2018 Mining company Tahoe Resources has been informed that the Constitutional Court of Guatemala has requested additional information in the legal case against the company’s Escobal mining licence for its silver mine located east of San Rafael Las Flores, in the south of Guatemala.  

Tahoe suffers $18m Q4 loss as Escobal shutdown saga drags on 

By: Henry Lazenby     24th February 2018 Precious metals producer Tahoe Resources has recorded an $18-million loss for the fourth quarter ended December 31, as its flagship Escobal silver mine, in Guatemala, lingers on care and maintenance. The TSX- and NYSE-listed miner reported an adjusted comparative loss of $17.7-million, or $0.06 a... 

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Tahoe burnishes CSR profile in undertaking to develop indigenous peoples policy

By: Henry Lazenby     14th February 2018 Embattled Canadian miner Tahoe Resources has given itself until the end of the year to formalise a comprehensive new indigenous peoples policy as it deals with community protests in Guatemala, that has shuttered operations at its flagship Escobal silver mine for months. The policy is aimed at... 

Tahoe joins UNGC corporate sustainability initiative

By: Henry Lazenby     6th February 2018 Precious metals miner Tahoe Resources has signed the United Nations Global Compact (UNGC), the world's largest corporate sustainability initiative. As an official participant of the UNGC, Tahoe joins other international businesses, including a number of industry-leading mining companies, in... 

Institute emphasises empowerment alternative

By: Tasneem Bulbulia     2nd February 2018 Government’s predilection for black economic empowerment (BEE) policies, which will be intensified should the new Mining Charter be implemented, will never achieve proper empowerment and transformation in the mining industry, posits research and policy organisation South African Institute of Race... 

Canadian miners welcome new federal business ethics ombudsman

By: Henry Lazenby     18th January 2018 Canada’s Liberal government has introduced a new federally mandated Ombudsman for Responsible Enterprise (CORE) to investigate human rights complaints about the overseas operations of Canadian companies. The watchdog will investigate complaints and, if warranted, will make recommendations to... 

Tahoe fires 25% of Escobal workforce as Guatemala court process dawdles

By: Henry Lazenby     15th January 2018 TSX- and NYSE-listed Tahoe Resources, whose flagship Escobal mine, in Guatemala, continues to languish in care and maintenance following a court-ordered suspension of its mining permit in July 2017, has moved to reduce the mine’s workforce by 25%, the miner announced on Monday. The... 

Guatemala court clarifies consultation area, denies action on export permit

By: Henry Lazenby     27th September 2017 The TSX-listed stock of beleaguered miner Tahoe Resources fell as much as 13.5% on Wednesday, after the Guatemalan Supreme Court issued a ruling clarifying the specific geographical areas that needs to be included in a fresh round of indigenous consultations; the court also denied action to force... 

Tahoe dials up gold guidance as Escobal impasse drags on

By: Henry Lazenby     23rd September 2017 Precious metals miner Tahoe Resources has increased its guidance for expected gold output while its flagship Escobal mine, in Guatemala, continues to languish in care and maintenance, despite holding a valid licence to mine. The Vancouver-headquartered company announced after market close on... 

Tahoe’s Escobal mine licence reinstated

By: Henry Lazenby     12th September 2017 Precious metals miner Tahoe Resources has been given the go-ahead to restart its Escobal silver mine, in Guatemala. The announcement sent the company's battered TSX-listed stock soaring by a third on Monday, despite still being down nearly 40% since the start of the year on Tuesday. 

Tahoe’s woes deepen in Guatemala as road blockade, permit suspension drag on

By: Henry Lazenby     10th August 2017 Precious metals producer Tahoe Resources has moved to suspend its quarterly dividend of $0.02 a share and has deferred its full-year production guidance on the back of the Guatemala Supreme Court provisionally suspending the mining licence on its Escobal operation, the third-largest silver mine... 

New report highlights Tahoe Resources’ sustainability efforts

By: Ilan Solomons     1st August 2017 Canadian miner Tahoe Resources recorded no fatalities during 2016 and reduced hand-related injuries by more than 75% in both Peru and Guatemala by implementing a hand-safety programme, according the the company’s 2016 sustainability report, which provides comprehensive information about the... 

Gold majors pump profits as costs fall, output rises

By: Henry Lazenby     27th July 2017 Several gold majors reported second-quarter results on Wednesday, showing rising profits amid lower costs and rising or stabilised production profiles. The world’s largest gold producer by output Barrick Gold reported headline earnings after market close on Wednesday of $261-million, or $0.22 a... 

Tahoe goes into damage control after flagship mine suspended

By: Bloomberg     14th July 2017 Tahoe Resources, whose flagship Guatemalan mine has been suspended, is taking steps to cut costs, including possibly slowing an expansion of a project in Peru and trimming exploration. The Reno, Nevada-based company may also discuss halting its dividend at an August board meeting and might slow... 

Guatemala suspends Tahoe’s flagship Escobal mining licence

By: Henry Lazenby     6th July 2017 Canadian miner Tahoe Resources says it will approach Guatemala’s Constitutional Court after the Guatemala Supreme Court provisionally suspended the mining licence on its Escobal operation, the third-largest silver mine in the world. The court issued a temporary licence suspension after... 

Guatemala police clear access to Tahoe’s blocked Escobal mine

By: Henry Lazenby     23rd June 2017 Police have used teargas to clear a public road near the town of Casillas, in south-east Guatemala, of protesters blocking access to Canadian miner Tahoe Resources’ controversial Escobal mine, the third-largest silver mine in the world. The TSX- and NYSE-listed miner said in a statement on Friday... 

Access to Tahoe’s Escobal mine blocked, guidance remains unaffected

By: Henry Lazenby     20th June 2017 Protestors near the town of Casillas, in south-east Guatemala, have blocked access to precious metals miner Tahoe Resources’ flagship Escobal mine, the third-largest silver mine in the world. The protests appear to relate to a variety of issues, including claims that mining at Escobal is causing... 

NGO sues Guatemala mining Ministry for issuing Escobal licence

By: Henry Lazenby     24th May 2017 TSX- and NYSE-listed Tahoe Resources reported Wednesday that a Guatemala-based nongovernmental organisation (NGO) has filed a claim against the Guatemalan Ministry of Energy and Mines (MEM), alleging that the Ministry failed to consult with a local indigenous group before granting the mining... 

Tahoe rakes in record earnings as prices rise and costs fall

By: Henry Lazenby     3rd May 2017 Dual-listed precious metals producer Tahoe Resources has reported record cash flows and earnings on the back of strong performance from its portfolio of mines. The Vancouver-headquartered company reported record cash flow provided by operating activities before changes in working capital of... 

Court OKs Guatemala civil suit against Tahoe in BC court system

By: Henry Lazenby     27th January 2017 The Court of Appeal for British Columbia on Thursday issued a ruling that civil legal action filed by claimants from Guatemala against dual-listed Tahoe Resources can be heard in the British Columbia court system. Tahoe said it was reviewing the ruling, after which it would decide on whether to... 

Cerro Blanco a ‘game changer’ for junior explorer Bluestone

By: Henry Lazenby     13th January 2017 The acquisition of the fully permitted Cerro Blanco mine, in Guatemala, presents a “game-changing” opportunity for junior explorer Bluestone Resources. Under the leadership of veteran geologist, chairperson and CEO John Robins, who most recently oversaw the sale of Kaminak Gold to Goldcorp for... 

Goldcorp unloads more noncore assets

By: Henry Lazenby     12th January 2017 Canadian gold major Goldcorp has agreed to sell two noncore assets in two days to junior project developers who see more potential in the projects. Vancouver-headquartered Goldcorp on Thursday announced the sale of its Los Filos mine, in Mexico, to TSX-V-listed Leagold Mining for $438-million. 

New Year heralds several senior management employments

By: Henry Lazenby     4th January 2017 Early 2017 corporate activity saw a slew of senior management appointments being made by miners. TSX- and NYSE-listed Tahoe Resources has appointed former Goldcorp president and CEO Chuck Jeannes to the board effective January 1. 

Nevsun sidesteps class action; mulls appealing precedent-setting Canadian suits

By: Henry Lazenby     7th October 2016 The British Columbia Supreme Court on Thursday rendered a precedent-setting decision  allowing Eritreans to bring civil action against Nevsun Resources. While the court refused to allow a class-action claim to proceed in court, Nevsun said it would consider appealing a court decision allowing... 

Tahoe shares rise on the back of record H1 revenue, cash flow per share

By: Henry Lazenby     10th August 2016 TSX- and NYSE-listed midtier precious metals producer Tahoe Resources has reported record revenues and cash flow per share for the six months ended June 30, sending its NYSE-listed stock up 9% on Wednesday to a new 52-week high. The Vancouver-headquartered company, with operations in Guatemala,... 

Silver price decline slowing, 2016 may see improvement – CPM

By: Ilan Solomons     13th May 2016 Silver prices continued to decline for the fourth consecutive year in 2015. However, the pace of decline slowed, relative to the previous two years, states New York-based research and consulting firm CPM Group. CPM’s current analysis, as outlined in detail within its 217-page 2016 Silver... 

Tahoe and Lake Shore announce business tie-up

By: Henry Lazenby     8th February 2016 Canadian precious metals producers Tahoe Resources and Lake Shore Gold have agreed to combine their businesses, paving the way for the establishment of one Americas-focused miner with a strong diversified production platform, anchored by growing low-cost operations in Peru and Ontario and the... 

McArthur again takes reins at Tahoe

By: Henry Lazenby     5th August 2015 Mineral resources industry veteran Kevin McArthur, with more than 30 years' experience, has again assumed CEO duties at Tahoe Resources following the surprise resignation of Alex Black as CEO and director for personal reasons. Black, a former Rio Alto Mining CEO, was appointed Tahoe CEO in... 

Mergers and acquisitions drop 46% q/q – KPMG

By: Henry Lazenby     4th June 2015 During the three months ended March 31, the global mining industry has recorded the lowest number of mergers and acquisitions (M&A) transactions in years, recording only 14 transactions worldwide. This represented a drop of 46% quarter-over-quarter, professional services firm PwC said in its... 

Escobal mine, Guatemala

By: Sheila Barradas     29th May 2015 A lead/zinc concentrate mine located in south-east Guatemala. 

Tahoe Resources to appeal employee detention

By: Henry Lazenby     16th April 2015 Vancouver-based Tahoe Resources this week said Guatemala subsidiary Minera San Rafael (MSR) would appeal the court-ordered confinement of an employee pending the investigation of a 2012 environmental claim. The TSX- and NYSE-listed miner said the employee was in charge of regulatory issues,... 

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