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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... 

Tahoe lifts global gold reserves by 400 000 oz

By: Henry Lazenby     16th February 2018 Canadian precious metals miner Tahoe Resources has increased its global gold reserve base by about 12% or 399 000 oz in 2017, to about 3.7-million ounces of yellow metal, the company announced on Thursday. Vancouver-based Tahoe advised that, in 2017, it added 888 000 oz of new gold mineral... 

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... 

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... 

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... 

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... 

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 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,... 

Tahoe’s head of Canadian ops to become Kirkland Lake Gold CEO

By: Henry Lazenby     13th June 2016 Intermediate gold producer Kirkland Lake Gold on Monday announced that president and CEO George Ogilvie resigned from the company and board on Sunday, with Tahoe Resources’ head of Canadian operations Anthony Makuch taking his place in the weeks to come. Current director Barry Olson would assume... 

Tahoe Resources to buy smaller rival Rio Alto for about C$1.3bn

By: Henry Lazenby     9th February 2015 Tahoe Resources and Rio Alto Mining have entered into a definitive agreement to combine their businesses in a C$1.3-billion cash-and-scrip deal that will see Tahoe gain footing in Peru while creating a new intermediate precious metals producer, the companies announced on Monday. The combined... 

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