Thursday, September 28, 2017

Tahoe Resources Inc. - THO.t

Tahoe Resources Inc. - THO.t operates the Escobal project, a high-grade silver discovery located about 70 km southeast of Guatemala City, the La Arena and Shahuindo gold mines in Peru and the Timmins West and Bell Creek gold mines in Canada.

On September 26, 2017 the company released News
Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) announced today that the Guatemalan Supreme Court issued a ruling in response to the Company’s request for clarification regarding the specific geographical areas to be included in the Ministry of Energy and Mines (“MEM”) consultation process under ILO Convention 169. The Court clarified its decision to limit consultation to the Xinca communities in the four municipalities in the region of the Escobal mine including: Casillas, Nueva Santa Rosa, Mataquescuintla and San Rafael Las Flores. In addition, the Supreme Court declined to review the Company’s request to order MEM to issue the annual renewal of Escobal’s export credential. The Company is evaluating its legal and administrative options. The Constitutional Court is expected to rule on all appeals of the Supreme Court’s decision on the definitive amparo by the end of the year.