R/€ = 15.99 Change: -0.10
R/$ = 14.12 Change: -0.04
Au 1326.58 $/oz Change: 11.58
Pt 808.01 $/oz Change: 20.55


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. 

Court-ordered Escobal consultation to begin

By: Mariaan Webb     11th October 2018 The court-ordered ILO 169 consultation process with the Xinka communities over the Escobal mine is set to begin, precious metals miner Tahoe Resources reported on Wednesday, adding that Stage 1 of the consultation process could be concluded in one month. On Tuesday, the Guatemala Constitutional... 

Tahoe Resources' Guatemalan unit announces new round of layoffs

By: Reuters     18th September 2018 The Guatemalan unit of US miner Tahoe Resources laid off an additional 169 workers on Monday, two weeks after the country's top court kept in place a more than 14-month suspension of operations at the company's Escobal silver mine. The layoffs at Minera San Rafael, Tahoe's local unit, now total... 

Tahoe aims to work 'in good faith' to restart Guatemala mine 

By: Reuters     10th September 2018 Tahoe Resources will work closely with Guatemalan officials and locals to resolve a dispute and resume operations at its flagship Escobal silver mine, one of the world's largest, CEO Jim Voorhees said on Monday. Guatemala's Constitutional Court last week upheld the suspension of licenses at... 

Tahoe restarts La Arena, provides more details on Escobal

By: Mariaan Webb     8th September 2018 TSX- and NYSE-listed Tahoe Resources has restarted mining operations at the La Arena mine, in Peru, and has shed more details about its understanding of the Guatemala Constitutional Court’s resolution related to the Escobal mining licence. At La Arena, Tahoe said on Friday that mining operations... 

Constitutional Court reverses Escobal reinstatement

By: Mariaan Webb     4th September 2018 Precious metals miner Tahoe Resources’ troubles in Gautemala deepened on Monday after the Constitutional Court reversed a Supreme Court decision to reinstate the Escobal mine's licence and ordered that nearby communities be consulted. The Ministry of Energy and Mines has to complete an ILO 169... 

Tahoe reports theft attempt at Peru mine, says pipeline cut open

By: Creamer Media Reporter      30th August 2018 Canada-based precious metals miner Tahoe Resources on Wednesday reported a theft attempt at the La Arena mine, stating that it appeared that there was an attempt to illegally extract gold from a pipeline at the Peru operation. An internal investigation shows that holes were cut into the top of... 

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... 

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... 

Nevsun appeals to Canada Supreme Court in Eritreans' forced labour lawsuit

By: Reuters     29th January 2018 Nevsun Resources is appealing to Canada's Supreme Court to throw out a lower court ruling which allowed Eritrean workers, who say they were forced to work at its mine, to have their lawsuit heard in Canada. Canada's top court said on Friday that Nevsun filed an application on Jan. 19, seeking... 

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... 

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... 

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... 

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,... 

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 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... 

Goldcorp slashes dividend 60% despite strong Q2 performance

By: Henry Lazenby     30th July 2015 The world’s largest gold miner by market capitalisation Goldcorp on Thursday said it would cut its monthly dividend a share by 60% to $0.02, effective from August 1, despite more than doubling its second-quarter profit. The TSX- and NYSE-listed miner, which produced gold, silver, copper, lead and... 

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. 

Arguments start on whether BC Supreme Court has say in Guatemalan violence suit

By: Henry Lazenby     9th April 2015 Vancouver-based Tahoe Resources on Wednesday argued in the British Columbia Supreme Court to dismiss a civil suit launched last year by seven Guatemalan protesters who were shot during a peaceful protest outside the Escobal silver/lead/zinc mine, in south-eastern Guatemala. The seven men were... 

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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