Tahoe hikes Escobal resource, unveils expansion plans

TSX-listed Tahoe Resources on Monday increased the indicated silver resource at its Escobal project, in south-eastern Guatemala, by half to 367.5-million ounces, at an average grade of 422 g/t. The new National Instrument 43-101-compliant...

Tahoe investors to vote on poison pill

Shareholders in Vancouver-based Tahoe Resources will vote on an amended shareholder rights plan at the company's annual meeting on May 1, the firm said on Tuesday. Tahoe originally adopted the plan, also called a poison pill, effective March 3,...

Tahoe gets approval to start underground development at Escobal

TSX-listed Tahoe Resources has received approval to start underground exploration and development work at its Escobal silver project, in Guatemala, the firm said on Wednesday. Tahoe said it could be ready to make a construction decision on the...

Mining M&A seen strong, increasingly competitive this year

Merger and acquisition (M&A) activity in the North American mining sector will continue strong this year and could exceed the levels seen in 2010, insiders said, amid record prices and surging demand for metals and minerals. Increasing...

Tahoe to raise C$306m in share sale

TSX-listed Tahoe Resources intends to raise C$306-million in a bought deal financing, to fund the development of its flagship silver project in Guatemala, as well as for acquisitions and general corporate purposes. The company has entered into an...

Tahoe boosts resource, outlines project plan for Escobal

Vancouver-based Tahoe Resources gained 7% on Monday after the firm said it has increased the silver resource at the Escobal project in Guatemala and published the results of an independent preliminary assessment on the asset. The company...

Escobal silver project may rival Fresnillo – McArthur

The Escobal silver project in Guatemala may one day equal the Fresnillo mine – the world's biggest producer of the precious metal – Tahoe Resources CEO Kevin McArthur said on Monday. The company has drawn up a mine development timetable that...

Goldcorp sells Escobal silver asset to co led by ex-CEO

Golcorp will sell its Escobal silver project in Guatemala for $505-million to Tahoe Resources, a private company headed by former president and CEO Kevin McArthur. Goldcorp will receive shares equal to 40% of Tahoe, which is planning an initial...

Iamgold chief Conway to exit on a high note

The announcement by Canada's Iamgold that CEO Joseph Conway will leave the company on January 15 has caught some pundits off guard, but market watchers agree that Conway will finish his time at the company in a strong position. “It's all fairly...

Goldcorp CEO 'won't argue' with $1 200 - $1 500/oz gold in next few years

In one of the first interviews he gave after replacing Kevin McArthur as CEO of Canadian gold miner Goldcorp, in January, Chuck Jeannes went on record with a prediction that bullion prices would beat the all time record before the year was out....

Goldcorp sees first concentrate by year-end at Penasquito mine

Canada's second-biggest gold-miner, Goldcorp, will produce the first concentrate at its $1,6-billion Penasquito mine, in Mexico, by the end of 2009, and remains “on track in all respects” to complete the project on time and in budget, CEO...

Goldcorp chief McArthur to retire, Chuck Jeannes named replacement

Kevin McArthur will step down as president and CEO of Canada's second-biggest miner, Vancouver-based Goldcorp, to be replaced by corporate development VP Charles 'Chuck' Jeannes, the gold-miner announced on Friday morning. McArthur cited...