NYBob
5 years ago
Pan American Silver Corp. (“Pan American” or the “Company”) (NASDAQ:PAAS) (TSX:PAAS) and Tahoe Resources Inc. (“Tahoe”) (TSX:THO) (NYSE: TAHO) today completed the previously announced transaction (the “Arrangement”) whereby Pan American acquired all of the issued and outstanding shares of Tahoe.
https://www.panamericansilver.com/investors/news-releases/detail/76/2019-02-22-pan-american-silver-completes-acquisition-of-tahoe-resources
Michael Steinmann, President and Chief Executive Officer of Pan American Silver, said: "The completion of the Arrangement establishes the world's premier silver mining company with an industry-leading portfolio of assets, a robust growth profile and attractive operating margins. We are also now the largest publicly traded silver mining company by free float, offering silver mining investors enhanced scale and liquidity."
Added Mr. Steinmann: "We have a 25-year track record in Latin America of building successful partnerships with the communities around our operations, respecting the diversity of local populations and safeguarding the natural environment. We welcome the opportunity to work with local communities around the new operations for the benefit of all stakeholders."
Results of elections by Tahoe shareholders
Pursuant to the Arrangement, Tahoe shareholders had the right to elect to receive either US$3.40 in cash (the “Cash Election”) or 0.2403 of a Pan American share (the “Share Election”) for each Tahoe share, subject in each case to pro-ration based on a maximum cash consideration of US$275 million and a maximum number of Pan American shares issued of 56.0 million. Tahoe shareholders who did not make an election by the deadline of 4:30 pm EST on January 3, 2019 were deemed to have made the Share Election.
The following elections were made:
holders of 23,661,084 Tahoe shares made the Cash Election; and
holders of 290,226,406 Tahoe shares made, or were deemed to have made, the Share Election.
Since the aggregate number of Tahoe shares in respect of which Cash Elections were made is less than the Aggregate Cash Consideration (as defined in the Arrangement agreement dated as of November 14, 2018 among Pan American, Tahoe and 0799714 B.C. Ltd.), holders of Tahoe shares who made or were deemed to have made the Share Election are subject to pro-ration in the manner described in Tahoe's management information circular dated December 4, 2018 and will receive consideration per Tahoe share of approximately 19.7% in cash (US$0.67) and approximately 80.3% in Pan American shares (0.1929 of a Pan American share). Tahoe shares in respect of which Cash Elections were made will receive all cash consideration.
In addition, Tahoe shareholders received contingent consideration in the form of one contingent value right ("CVR") for each Tahoe share. Each CVR will be exchanged for 0.0497 of a Pan American share upon first commercial shipment of concentrate following restart of operations at the Escobal mine. The CVRs are transferable and have a term of 10 years.
In aggregate, Pan American will pay US$275 million in cash and issue 55,990,512 Pan American shares and 313,887,490 CVRs to Tahoe shareholders under the Arrangement. Upon closing of the Arrangement, existing Pan American and former Tahoe shareholders own approximately 73% and 27% of Pan American, respectively. Upon satisfaction of the payment conditions under the terms of the CVRs, Pan American and Tahoe shareholders will own approximately 68% and 32%, respectively, of the combined company (based upon the number of Pan American shares outstanding as at today’s date).
C. Kevin McArthur and Charles A. Jeannes appointed to Pan American Board
Under the Arrangement, Tahoe was entitled to nominate two of its directors to join Pan American’s Board of Directors. Tahoe has nominated Messrs. C. Kevin McArthur and Charles A. Jeannes. Effective today, Messrs. C. Kevin McArthur and Charles A. Jeannes joined Pan American’s Board of Directors.
"Kevin and Chuck are seasoned mining executives with deep knowledge of the precious metals industry. I warmly welcome them to Pan American's Board of Directors," said Mr. Ross J. Beaty, Chairman of Pan American.
Increase to, and drawdown under, Pan American’s revolving credit facility
Pan American is also pleased to announce that it has amended and extended its revolving credit facility led by The Bank of Nova Scotia and the Canadian Imperial Bank of Commerce as Joint Lead Arrangers and Joint Bookrunners. The facility has been increased by US$200 million to US$500 million, and matures on February 1, 2023. At Pan American’s option, amounts can be drawn under the revolving facility and will incur interest based on the Company’s leverage ratio at either (i) LIBOR plus 1.875% to 2.750% or; (ii) The Bank of Nova Scotia’s Base Rate on U.S. dollar denominated commercial loans plus 0.875% to 1.750%. Undrawn amounts under the revolving facility are subject to a stand-by fee of 0.4219% to 0.6188% per annum, dependent on the Company’s leverage ratio.
Pan American has drawn down US$301 million under the facility under LIBOR-based interest rates to fund, in part, the cash purchase price under the Arrangement and to repay, in full, and cancel Tahoe’s second amended and restated revolving facility, under which US$125 million had been drawn.
Delisting of Tahoe shares
The shares of Tahoe are expected to be delisted from the Toronto Stock Exchange as of the closing of the market on February 26, 2019 and on the New York Stock Exchange effective as of the closing of the market on March 4, 2019, subject to the approval of each exchange. Pan American has applied for Tahoe to cease to be a reporting issuer under applicable Canadian securities laws and will file to suspend Tahoe’s reporting obligations under U.S. securities laws.
About Pan American
Pan American is the world’s second largest primary silver producer, providing enhanced exposure to silver through a diversified portfolio of assets, large reserves and growing production. We own and operate mines in Mexico, Peru, Canada, Argentina and Bolivia. In addition, we own the Escobal mine in Guatemala that is currently not operating. Pan American maintains a strong balance sheet, has an established management team with proven operating expertise, and is committed to responsible development. Founded in 1994, Pan American is headquartered in Vancouver, B.C. and our shares trade on NASDAQ and the Toronto Stock Exchange under the symbol "PAAS".
For more information, visit: www.panamericansilver.com.
Cautionary Note Regarding Forward-Looking Statements and Information
Certain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things, our growth profile and opportunities as a result of the Arrangement, the restart of the Escobal mine and production from such mine, first commercial shipment of concentrate from Escobal following restart of operations and the conversion and exchange of the CVRs following such an event, the ownership proportions of the shareholders following exchange of the CVR for Pan American shares, delisting of the Tahoe shares from the Toronto Stock Exchange and the New York Stock Exchange, Tahoe ceasing to be a reporting issuer under applicable Canadian securities laws, Tahoe ceasing to be a registrant under U.S. securities laws and Pan American’s production growth.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies.
The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the outcome of the ILO 169 consultation process and the Company’s community engagement in Guatemala; the ability of Pan American to successfully integrate Tahoe’s operations and employees and realize synergies and cost savings at the times, and to the extent, anticipated; the potential impact of the Arrangement on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time on the integration of Tahoe’s operations. Such factors include those factors identified under the caption “Risks Related to Pan American’s Business” in the Company’s most recent form 40-F and Annual Information Form, as well as those factors identified in the section entitled "Risk Factors" in the Company's management information circular dated December 4, 2018 with respect to the Arrangement, each filed with the United States Securities and Exchange Commission and Canadian provincial securities regulatory authorities, respectively. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information. Forward-looking statements and information are designed to help readers understand management’s current views of our near and longer term prospects and may not be appropriate for other purposes. The Company does not intend, nor does it assume any obligation to update or revise forward-looking statements or information, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190222005093/en/
Siren Fisekci
VP, Investor Relations & Corporate Communications
Ph: 604-806-3191
Email: ir@panamericansilver.com
Pisd
6 years ago
https://ih.advfn.com/p.php?pid=nmona&article=76782943 From last night...Ron Clayton, President and CEO of Tahoe, commented: "Tahoe achieved record gold production of 445,900 ounces in 2017, realizing the high end of its annual gold production guidance range of 400,000 to 450,000 ounces. The strong gold production for the year was driven primarily by La Arena. The outstanding performance from the gold business in 2017 underscores the increasingly meaningful contribution of the gold segment to the overall financial performance of the Company. Despite the challenges in Guatemala during the second half of 2017, I am very pleased to report earnings of $81.8 million for the year, or $0.26 per share. Looking forward, I expect 2018 will be a pivotal year for the Company. We remain optimistic that based on legal precedent, the Guatemalan Constitutional Court will issue a favorable ruling reinstating the Escobal mining license. We are focused on a positive resolution at the Casillas roadblock, located 16 kilometers from the mine, which, in conjunction with a favorable court ruling, will put us in position to resume operations at Escobal. In the meantime, we are executing on our strategy to complete our two near-term development projects in Canada and Peru by late summer, which will position us to achieve our target of 500,000 ounces of gold production in 2019."
NYBob
6 years ago
Tahoe lifts global gold reserves by 400 000 oz
16TH FEBRUARY 2018
http://www.miningweekly.com/article/tahoe-lifts-global-gold-reserves-by-400-000-oz-2018-02-16
Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO)
Reno, Nevada headquartered Tahoe Resources Inc.'s stock edged 0.37% higher,
to finish Friday's session at $5.39 with a total volume of 1.03 million
shares traded.
The Company's shares are trading below its 50-day and 200-day moving averages.
Tahoe Resources' 200-day moving average of $7.57 is above
its 50-day moving average of $5.83.
Shares of the Company, which together with its subsidiaries, explores,
develops, and operates mines in the Americas,
are trading at a PE ratio of 16.84.
View the research report on THO.TO at:
www.active-investors.com/registration-sg/?symbol=THO
Tahoe Resorces (TAHO) Third Quarter 2017 Results Webcast.
http://services.choruscall.ca/links/tahoeresources20171107.html
TAHOE REPORTS STRONG MINE OPERATING EARNINGS FROM GOLD SEGMENTS FOR THIRD QUARTER 2017 -
http://www.tahoeresources.com/tahoe-reports-strong-mine-operating-earnings-from-gold-segments-for-third-quarter-2017/
Tahoe Resources Inc.
(“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO)
VANCOUVER, British Columbia – November 6, 2017 –
Tahoe Resources Inc.
(“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) today announced solid
financial and operating results for the third quarter and nine months
ended September 30, 2017.
The Company’s balance sheet remains strong, with cash and cash
equivalents of $182.1 million at September 30, 2017 and very little debt.
Ron Clayton, President and CEO of Tahoe, commented: “Despite challenges
in Guatemala during the quarter, we are very pleased with our team’s
performance, particularly at our gold operations which produced 109
thousand ounces at a total cash cost of $747 per ounce.
The Company remains focused on executing our strategy to advance near-
term development projects in Canada and Peru.
Although we reported a loss for the quarter, the results were negatively
impacted by $14 million in costs ($0.04 per share) related to the
suspension and care and maintenance of Escobal and a $9 million non-
recurring pre-tax expense ($0.03 per share) at La Arena as a result of
completing negotiations to fulfill historical commitments made to the
community.
Except for these items, we would have reported positive earnings for the
quarter on the strength of our gold operations alone.
In Guatemala, we are gratified that the Supreme Court reinstated the
Escobal license in September and are working diligently to resolve the
Casillas road block and to obtain renewal of our export credential so
that we can resume mining operations at Escobal.
We believe the resolution of these two issues will follow the
Constitutional Court decision on the appeals from the Supreme Court
ruling.”
Key Financial and Operating Results -
http://www.tahoeresources.com/tahoe-reports-strong-mine-operating-earnings-from-gold-segments-for-third-quarter-2017/
Tahoe Resorces Owns Many Gold Mines E.g., (TAHO) TIMMINS MINES KEY FACTS
Tahoe-Canada-LogoTahoe Resources acquired Lake Shore Gold Corp.
on April 1, 2016, adding two underground mines,
Timmins West and Bell Creek,
as well as attractive growth projects and exploration targets -
Timmins West Mine includes three deposits in production –
the Timmins, Thunder Creek and 144 Gap deposits -
Bell Creek shaft project to provide access to resources and support
continued growth both at depth and along strike
Both mines located in one of the world’s most prolific gold belts -
http://www.tahoeresources.com/operations/timmins-mines/
E.g., -
LA ARENA Gold MINE
KEY FACTS
La Arena Mine
Open-pit heap leach gold mine
High sulfidation epithermal oxide gold deposit hosted in brecciated
sandstone
January 2017 Proven & Probable oxide mineral reserves of
54.1 million tonnes with an average gold grade of 0.41 g/t containing
715,000 ounces of gold -
Production of 204,400 gold ounces in doré in 2016 -
http://www.tahoeresources.com/operations/la-arena-mine/
Tahoe Resources Inc. is committed to conducting business honestly and
ethically everywhere we operate.
http://www.tahoeresources.com/social-responsibility/responsibility/
We value our reputation and the trust and confidence placed in us by our stakeholders. Our employees and contractors adhere to both the spirit and the letter of the laws that govern us. The Company has a strict Code of Conduct and Ethics for our employees and high standards of reporting and disclosure.
We strive to minimize the environmental effects of our operations, to provide a safe and healthy workplace for all our employees and contractors and to promote sustainable businesses and social programs in the communities where we operate.
Our goal is to conduct field operations in a safe and environmentally sound manner while helping our communities develop sustainable economies through direct employment, business partnerships, social programs and royalty management. In our transition to a major precious metals producer, we are committed to the United Nations Guiding Principles on Business and Human Rights, the Voluntary Principles on Security and Human Rights and the Equator Principles. We work with the Business for Social Responsibility and serve on the International Bar Association’s CSR Committee.
CSR Policy
CSR Policy (Spanish)
Social Responsibility
Community Development
Our Environment
Health and Safety
Communication & Reporting
Governance and Guidelines
Tahoe Resources Inc Shareholders, Employes and Communities
Flags
CANADA | UNITED STATES
GUATEMALA | PERU
Canada Office:
Tahoe Resources Inc. (TAHO) Chart weekly -
RE: With their track record... I believe it is time to buy at a steal
of a price... This could be a ?? to recover quickly...
Company still looks Solid... JMHO
by 'Hmmmmmmmm
TAHOE REPORTS SOLID SECOND QUARTER 2017 RESULTS;
CEASES DIVIDEND AND SUSPENDS COMPANY-WIDE GUIDANCE
DUE TO UNCERTAINTY IN GUATEMALA -
http://www.tahoeresources.com/tahoe-reports-solid-second-quarter-2017-results-ceases-dividend-and-suspends-company-wide-guidance-due-to-uncertainty-in-guatemala/
http://www.tahoeresources.com
For further information, please contact:
Tahoe Resources Inc.
investors@tahoeresources.com
Tel: 775-448-5800
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless
NYBob
6 years ago
Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO)
Reno, Nevada headquartered Tahoe Resources Inc.'s stock edged 0.37% higher,
to finish Friday's session at $5.39 with a total volume of 1.03 million
shares traded.
The Company's shares are trading below its 50-day and 200-day moving averages.
Tahoe Resources' 200-day moving average of $7.57 is above
its 50-day moving average of $5.83.
Shares of the Company, which together with its subsidiaries, explores,
develops, and operates mines in the Americas,
are trading at a PE ratio of 16.84.
View the research report on THO.TO at:
www.active-investors.com/registration-sg/?symbol=THO
Tahoe Resorces (TAHO) Third Quarter 2017 Results Webcast.
http://services.choruscall.ca/links/tahoeresources20171107.html
TAHOE REPORTS STRONG MINE OPERATING EARNINGS FROM GOLD SEGMENTS FOR THIRD QUARTER 2017 -
http://www.tahoeresources.com/tahoe-reports-strong-mine-operating-earnings-from-gold-segments-for-third-quarter-2017/
Tahoe Resources Inc.
(“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO)
VANCOUVER, British Columbia – November 6, 2017 –
Tahoe Resources Inc.
(“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) today announced solid
financial and operating results for the third quarter and nine months
ended September 30, 2017.
The Company’s balance sheet remains strong, with cash and cash
equivalents of $182.1 million at September 30, 2017 and very little debt.
Ron Clayton, President and CEO of Tahoe, commented: “Despite challenges
in Guatemala during the quarter, we are very pleased with our team’s
performance, particularly at our gold operations which produced 109
thousand ounces at a total cash cost of $747 per ounce.
The Company remains focused on executing our strategy to advance near-
term development projects in Canada and Peru.
Although we reported a loss for the quarter, the results were negatively
impacted by $14 million in costs ($0.04 per share) related to the
suspension and care and maintenance of Escobal and a $9 million non-
recurring pre-tax expense ($0.03 per share) at La Arena as a result of
completing negotiations to fulfill historical commitments made to the
community.
Except for these items, we would have reported positive earnings for the
quarter on the strength of our gold operations alone.
In Guatemala, we are gratified that the Supreme Court reinstated the
Escobal license in September and are working diligently to resolve the
Casillas road block and to obtain renewal of our export credential so
that we can resume mining operations at Escobal.
We believe the resolution of these two issues will follow the
Constitutional Court decision on the appeals from the Supreme Court
ruling.”
Key Financial and Operating Results -
http://www.tahoeresources.com/tahoe-reports-strong-mine-operating-earnings-from-gold-segments-for-third-quarter-2017/
Tahoe Resorces Owns Many Gold Mines E.g., (TAHO) TIMMINS MINES KEY FACTS
Tahoe-Canada-LogoTahoe Resources acquired Lake Shore Gold Corp.
on April 1, 2016, adding two underground mines,
Timmins West and Bell Creek,
as well as attractive growth projects and exploration targets -
Timmins West Mine includes three deposits in production –
the Timmins, Thunder Creek and 144 Gap deposits -
Bell Creek shaft project to provide access to resources and support
continued growth both at depth and along strike
Both mines located in one of the world’s most prolific gold belts -
http://www.tahoeresources.com/operations/timmins-mines/
E.g., -
LA ARENA Gold MINE
KEY FACTS
La Arena Mine
Open-pit heap leach gold mine
High sulfidation epithermal oxide gold deposit hosted in brecciated
sandstone
January 2017 Proven & Probable oxide mineral reserves of
54.1 million tonnes with an average gold grade of 0.41 g/t containing
715,000 ounces of gold -
Production of 204,400 gold ounces in doré in 2016 -
http://www.tahoeresources.com/operations/la-arena-mine/
Tahoe Resources Inc. is committed to conducting business honestly and
ethically everywhere we operate.
http://www.tahoeresources.com/social-responsibility/responsibility/
We value our reputation and the trust and confidence placed in us by our stakeholders. Our employees and contractors adhere to both the spirit and the letter of the laws that govern us. The Company has a strict Code of Conduct and Ethics for our employees and high standards of reporting and disclosure.
We strive to minimize the environmental effects of our operations, to provide a safe and healthy workplace for all our employees and contractors and to promote sustainable businesses and social programs in the communities where we operate.
Our goal is to conduct field operations in a safe and environmentally sound manner while helping our communities develop sustainable economies through direct employment, business partnerships, social programs and royalty management. In our transition to a major precious metals producer, we are committed to the United Nations Guiding Principles on Business and Human Rights, the Voluntary Principles on Security and Human Rights and the Equator Principles. We work with the Business for Social Responsibility and serve on the International Bar Association’s CSR Committee.
CSR Policy
CSR Policy (Spanish)
Social Responsibility
Community Development
Our Environment
Health and Safety
Communication & Reporting
Governance and Guidelines
Tahoe Resources Inc Shareholders, Employes and Communities
Flags
CANADA | UNITED STATES
GUATEMALA | PERU
Canada Office:
Tahoe Resources Inc. (TAHO) Chart weekly -
RE: With their track record... I believe it is time to buy at a steal
of a price... This could be a ?? to recover quickly...
Company still looks Solid... JMHO
by 'Hmmmmmmmm
TAHOE REPORTS SOLID SECOND QUARTER 2017 RESULTS;
CEASES DIVIDEND AND SUSPENDS COMPANY-WIDE GUIDANCE
DUE TO UNCERTAINTY IN GUATEMALA -
http://www.tahoeresources.com/tahoe-reports-solid-second-quarter-2017-results-ceases-dividend-and-suspends-company-wide-guidance-due-to-uncertainty-in-guatemala/
http://www.tahoeresources.com
For further information, please contact:
Tahoe Resources Inc.
investors@tahoeresources.com
Tel: 775-448-5800
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless
NYBob
6 years ago
Tahoe Resorces (TAHO) Third Quarter 2017 Results Webcast.
http://services.choruscall.ca/links/tahoeresources20171107.html
TAHOE REPORTS STRONG MINE OPERATING EARNINGS FROM GOLD SEGMENTS FOR THIRD QUARTER 2017 -
http://www.tahoeresources.com/tahoe-reports-strong-mine-operating-earnings-from-gold-segments-for-third-quarter-2017/
Tahoe Resources Inc.
(“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO)
VANCOUVER, British Columbia – November 6, 2017 –
Tahoe Resources Inc.
(“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) today announced solid
financial and operating results for the third quarter and nine months
ended September 30, 2017.
The Company’s balance sheet remains strong, with cash and cash
equivalents of $182.1 million at September 30, 2017 and very little debt.
Ron Clayton, President and CEO of Tahoe, commented: “Despite challenges
in Guatemala during the quarter, we are very pleased with our team’s
performance, particularly at our gold operations which produced 109
thousand ounces at a total cash cost of $747 per ounce.
The Company remains focused on executing our strategy to advance near-
term development projects in Canada and Peru.
Although we reported a loss for the quarter, the results were negatively
impacted by $14 million in costs ($0.04 per share) related to the
suspension and care and maintenance of Escobal and a $9 million non-
recurring pre-tax expense ($0.03 per share) at La Arena as a result of
completing negotiations to fulfill historical commitments made to the
community.
Except for these items, we would have reported positive earnings for the
quarter on the strength of our gold operations alone.
In Guatemala, we are gratified that the Supreme Court reinstated the
Escobal license in September and are working diligently to resolve the
Casillas road block and to obtain renewal of our export credential so
that we can resume mining operations at Escobal.
We believe the resolution of these two issues will follow the
Constitutional Court decision on the appeals from the Supreme Court
ruling.”
Key Financial and Operating Results -
http://www.tahoeresources.com/tahoe-reports-strong-mine-operating-earnings-from-gold-segments-for-third-quarter-2017/
Tahoe Resorces Owns Many Gold Mines E.g., (TAHO) TIMMINS MINES KEY FACTS
Tahoe-Canada-LogoTahoe Resources acquired Lake Shore Gold Corp.
on April 1, 2016, adding two underground mines,
Timmins West and Bell Creek,
as well as attractive growth projects and exploration targets -
Timmins West Mine includes three deposits in production –
the Timmins, Thunder Creek and 144 Gap deposits -
Bell Creek shaft project to provide access to resources and support
continued growth both at depth and along strike
Both mines located in one of the world’s most prolific gold belts -
http://www.tahoeresources.com/operations/timmins-mines/
E.g., -
LA ARENA Gold MINE
KEY FACTS
La Arena Mine
Open-pit heap leach gold mine
High sulfidation epithermal oxide gold deposit hosted in brecciated
sandstone
January 2017 Proven & Probable oxide mineral reserves of
54.1 million tonnes with an average gold grade of 0.41 g/t containing
715,000 ounces of gold -
Production of 204,400 gold ounces in doré in 2016 -
http://www.tahoeresources.com/operations/la-arena-mine/
Tahoe Resources Inc. is committed to conducting business honestly and
ethically everywhere we operate.
http://www.tahoeresources.com/social-responsibility/responsibility/
We value our reputation and the trust and confidence placed in us by our stakeholders. Our employees and contractors adhere to both the spirit and the letter of the laws that govern us. The Company has a strict Code of Conduct and Ethics for our employees and high standards of reporting and disclosure.
We strive to minimize the environmental effects of our operations, to provide a safe and healthy workplace for all our employees and contractors and to promote sustainable businesses and social programs in the communities where we operate.
Our goal is to conduct field operations in a safe and environmentally sound manner while helping our communities develop sustainable economies through direct employment, business partnerships, social programs and royalty management. In our transition to a major precious metals producer, we are committed to the United Nations Guiding Principles on Business and Human Rights, the Voluntary Principles on Security and Human Rights and the Equator Principles. We work with the Business for Social Responsibility and serve on the International Bar Association’s CSR Committee.
CSR Policy
CSR Policy (Spanish)
Social Responsibility
Community Development
Our Environment
Health and Safety
Communication & Reporting
Governance and Guidelines
Tahoe Resources Inc Shareholders, Employes and Communities
Flags
CANADA | UNITED STATES
GUATEMALA | PERU
Canada Office:
Tahoe Resources Inc. (TAHO) Chart weekly -
RE: With their track record... I believe it is time to buy at a steal
of a price... This could be a ?? to recover quickly...
Company still looks Solid... JMHO
by 'Hmmmmmmmm
TAHOE REPORTS SOLID SECOND QUARTER 2017 RESULTS;
CEASES DIVIDEND AND SUSPENDS COMPANY-WIDE GUIDANCE
DUE TO UNCERTAINTY IN GUATEMALA -
http://www.tahoeresources.com/tahoe-reports-solid-second-quarter-2017-results-ceases-dividend-and-suspends-company-wide-guidance-due-to-uncertainty-in-guatemala/
http://www.tahoeresources.com
For further information, please contact:
Tahoe Resources Inc.
investors@tahoeresources.com
Tel: 775-448-5800
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless
NYBob
6 years ago
Pisd welcome back to Tahoe Resorces (TAHO) -
following mark #33 for you -
TIA
TAHOE REPORTS STRONG MINE OPERATING EARNINGS FROM GOLD SEGMENTS FOR THIRD QUARTER 2017 -
http://www.tahoeresources.com/tahoe-reports-strong-mine-operating-earnings-from-gold-segments-for-third-quarter-2017/
Tahoe Resources Inc.
(“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO)
VANCOUVER, British Columbia – November 6, 2017 –
Tahoe Resources Inc.
(“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) today announced solid
financial and operating results for the third quarter and nine months
ended September 30, 2017.
The Company’s balance sheet remains strong, with cash and cash
equivalents of $182.1 million at September 30, 2017 and very little debt.
Ron Clayton, President and CEO of Tahoe, commented: “Despite challenges
in Guatemala during the quarter, we are very pleased with our team’s
performance, particularly at our gold operations which produced 109
thousand ounces at a total cash cost of $747 per ounce.
The Company remains focused on executing our strategy to advance near-
term development projects in Canada and Peru.
Although we reported a loss for the quarter, the results were negatively
impacted by $14 million in costs ($0.04 per share) related to the
suspension and care and maintenance of Escobal and a $9 million non-
recurring pre-tax expense ($0.03 per share) at La Arena as a result of
completing negotiations to fulfill historical commitments made to the
community.
Except for these items, we would have reported positive earnings for the
quarter on the strength of our gold operations alone.
In Guatemala, we are gratified that the Supreme Court reinstated the
Escobal license in September and are working diligently to resolve the
Casillas road block and to obtain renewal of our export credential so
that we can resume mining operations at Escobal.
We believe the resolution of these two issues will follow the
Constitutional Court decision on the appeals from the Supreme Court
ruling.”
Key Financial and Operating Results -
http://www.tahoeresources.com/tahoe-reports-strong-mine-operating-earnings-from-gold-segments-for-third-quarter-2017/
Tahoe Resorces Owns Many Gold Mines E.g., (TAHO) TIMMINS MINES KEY FACTS
Tahoe-Canada-LogoTahoe Resources acquired Lake Shore Gold Corp.
on April 1, 2016, adding two underground mines,
Timmins West and Bell Creek,
as well as attractive growth projects and exploration targets -
Timmins West Mine includes three deposits in production –
the Timmins, Thunder Creek and 144 Gap deposits -
Bell Creek shaft project to provide access to resources and support
continued growth both at depth and along strike
Both mines located in one of the world’s most prolific gold belts -
http://www.tahoeresources.com/operations/timmins-mines/
E.g., -
LA ARENA Gold MINE
KEY FACTS
La Arena Mine
Open-pit heap leach gold mine
High sulfidation epithermal oxide gold deposit hosted in brecciated
sandstone
January 2017 Proven & Probable oxide mineral reserves of
54.1 million tonnes with an average gold grade of 0.41 g/t containing
715,000 ounces of gold -
Production of 204,400 gold ounces in doré in 2016 -
http://www.tahoeresources.com/operations/la-arena-mine/
Tahoe Resources Inc. is committed to conducting business honestly and
ethically everywhere we operate.
http://www.tahoeresources.com/social-responsibility/responsibility/
We value our reputation and the trust and confidence placed in us by our stakeholders. Our employees and contractors adhere to both the spirit and the letter of the laws that govern us. The Company has a strict Code of Conduct and Ethics for our employees and high standards of reporting and disclosure.
We strive to minimize the environmental effects of our operations, to provide a safe and healthy workplace for all our employees and contractors and to promote sustainable businesses and social programs in the communities where we operate.
Our goal is to conduct field operations in a safe and environmentally sound manner while helping our communities develop sustainable economies through direct employment, business partnerships, social programs and royalty management. In our transition to a major precious metals producer, we are committed to the United Nations Guiding Principles on Business and Human Rights, the Voluntary Principles on Security and Human Rights and the Equator Principles. We work with the Business for Social Responsibility and serve on the International Bar Association’s CSR Committee.
CSR Policy
CSR Policy (Spanish)
Social Responsibility
Community Development
Our Environment
Health and Safety
Communication & Reporting
Governance and Guidelines
Tahoe Resources Inc Shareholders, Employes and Communities
Flags
CANADA | UNITED STATES
GUATEMALA | PERU
Canada Office:
Tahoe Resources Inc. (TAHO) Chart weekly -
RE: With their track record... I believe it is time to buy at a steal
of a price... This could be a ?? to recover quickly...
Company still looks Solid... JMHO
by 'Hmmmmmmmm
TAHOE REPORTS SOLID SECOND QUARTER 2017 RESULTS;
CEASES DIVIDEND AND SUSPENDS COMPANY-WIDE GUIDANCE
DUE TO UNCERTAINTY IN GUATEMALA -
http://www.tahoeresources.com/tahoe-reports-solid-second-quarter-2017-results-ceases-dividend-and-suspends-company-wide-guidance-due-to-uncertainty-in-guatemala/
http://www.tahoeresources.com
For further information, please contact:
Tahoe Resources Inc.
investors@tahoeresources.com
Tel: 775-448-5800
- God Bless -
NYBob
6 years ago
TAHOE REPORTS STRONG MINE OPERATING EARNINGS FROM GOLD SEGMENTS FOR THIRD QUARTER 2017 -
http://www.tahoeresources.com/tahoe-reports-strong-mine-operating-earnings-from-gold-segments-for-third-quarter-2017/
Tahoe Resources Inc.
(“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO)
VANCOUVER, British Columbia – November 6, 2017 –
Tahoe Resources Inc.
(“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) today announced solid
financial and operating results for the third quarter and nine months
ended September 30, 2017.
The Company’s balance sheet remains strong, with cash and cash
equivalents of $182.1 million at September 30, 2017 and very little debt.
Ron Clayton, President and CEO of Tahoe, commented: “Despite challenges
in Guatemala during the quarter, we are very pleased with our team’s
performance, particularly at our gold operations which produced 109
thousand ounces at a total cash cost of $747 per ounce.
The Company remains focused on executing our strategy to advance near-
term development projects in Canada and Peru.
Although we reported a loss for the quarter, the results were negatively
impacted by $14 million in costs ($0.04 per share) related to the
suspension and care and maintenance of Escobal and a $9 million non-
recurring pre-tax expense ($0.03 per share) at La Arena as a result of
completing negotiations to fulfill historical commitments made to the
community.
Except for these items, we would have reported positive earnings for the
quarter on the strength of our gold operations alone.
In Guatemala, we are gratified that the Supreme Court reinstated the
Escobal license in September and are working diligently to resolve the
Casillas road block and to obtain renewal of our export credential so
that we can resume mining operations at Escobal.
We believe the resolution of these two issues will follow the
Constitutional Court decision on the appeals from the Supreme Court
ruling.”
Key Financial and Operating Results -
http://www.tahoeresources.com/tahoe-reports-strong-mine-operating-earnings-from-gold-segments-for-third-quarter-2017/
Tahoe Resorces Owns Many Gold Mines E.g., (TAHO) TIMMINS MINES KEY FACTS
Tahoe-Canada-LogoTahoe Resources acquired Lake Shore Gold Corp.
on April 1, 2016, adding two underground mines,
Timmins West and Bell Creek,
as well as attractive growth projects and exploration targets -
Timmins West Mine includes three deposits in production –
the Timmins, Thunder Creek and 144 Gap deposits -
Bell Creek shaft project to provide access to resources and support
continued growth both at depth and along strike
Both mines located in one of the world’s most prolific gold belts -
http://www.tahoeresources.com/operations/timmins-mines/
E.g., -
LA ARENA Gold MINE
KEY FACTS
La Arena Mine
Open-pit heap leach gold mine
High sulfidation epithermal oxide gold deposit hosted in brecciated
sandstone
January 2017 Proven & Probable oxide mineral reserves of
54.1 million tonnes with an average gold grade of 0.41 g/t containing
715,000 ounces of gold -
Production of 204,400 gold ounces in doré in 2016 -
http://www.tahoeresources.com/operations/la-arena-mine/
Tahoe Resources Inc. is committed to conducting business honestly and
ethically everywhere we operate.
http://www.tahoeresources.com/social-responsibility/responsibility/
We value our reputation and the trust and confidence placed in us by our stakeholders. Our employees and contractors adhere to both the spirit and the letter of the laws that govern us. The Company has a strict Code of Conduct and Ethics for our employees and high standards of reporting and disclosure.
We strive to minimize the environmental effects of our operations, to provide a safe and healthy workplace for all our employees and contractors and to promote sustainable businesses and social programs in the communities where we operate.
Our goal is to conduct field operations in a safe and environmentally sound manner while helping our communities develop sustainable economies through direct employment, business partnerships, social programs and royalty management. In our transition to a major precious metals producer, we are committed to the United Nations Guiding Principles on Business and Human Rights, the Voluntary Principles on Security and Human Rights and the Equator Principles. We work with the Business for Social Responsibility and serve on the International Bar Association’s CSR Committee.
CSR Policy
CSR Policy (Spanish)
Social Responsibility
Community Development
Our Environment
Health and Safety
Communication & Reporting
Governance and Guidelines
Tahoe Resources Inc Shareholders, Employes and Communities
Flags
CANADA | UNITED STATES
GUATEMALA | PERU
Canada Office:
NYBob
7 years ago
Tahoe Resorces Owns Many Gold Mines E.g., (TAHO) TIMMINS MINES KEY FACTS
Tahoe-Canada-LogoTahoe Resources acquired Lake Shore Gold Corp.
on April 1, 2016, adding two underground mines,
Timmins West and Bell Creek,
as well as attractive growth projects and exploration targets -
Timmins West Mine includes three deposits in production –
the Timmins, Thunder Creek and 144 Gap deposits -
Bell Creek shaft project to provide access to resources and support
continued growth both at depth and along strike
Both mines located in one of the world’s most prolific gold belts -
http://www.tahoeresources.com/operations/timmins-mines/
E.g., -
LA ARENA Gold MINE
KEY FACTS
La Arena Mine
Open-pit heap leach gold mine
High sulfidation epithermal oxide gold deposit hosted in brecciated
sandstone
January 2017 Proven & Probable oxide mineral reserves of
54.1 million tonnes with an average gold grade of 0.41 g/t containing
715,000 ounces of gold -
Production of 204,400 gold ounces in doré in 2016 -
http://www.tahoeresources.com/operations/la-arena-mine/
Tahoe Resources Inc. is committed to conducting business honestly and
ethically everywhere we operate.
http://www.tahoeresources.com/social-responsibility/responsibility/
We value our reputation and the trust and confidence placed in us by our stakeholders. Our employees and contractors adhere to both the spirit and the letter of the laws that govern us. The Company has a strict Code of Conduct and Ethics for our employees and high standards of reporting and disclosure.
We strive to minimize the environmental effects of our operations, to provide a safe and healthy workplace for all our employees and contractors and to promote sustainable businesses and social programs in the communities where we operate.
Our goal is to conduct field operations in a safe and environmentally sound manner while helping our communities develop sustainable economies through direct employment, business partnerships, social programs and royalty management. In our transition to a major precious metals producer, we are committed to the United Nations Guiding Principles on Business and Human Rights, the Voluntary Principles on Security and Human Rights and the Equator Principles. We work with the Business for Social Responsibility and serve on the International Bar Association’s CSR Committee.
CSR Policy
CSR Policy (Spanish)
Social Responsibility
Community Development
Our Environment
Health and Safety
Communication & Reporting
Governance and Guidelines
Tahoe Resources Inc Shareholders, Employes and Communities
Flags
CANADA | UNITED STATES
GUATEMALA | PERU
Canada Office:
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
reaper247
5 years ago
ClayTrader
5 years ago
TRAPPER JIM
6 years ago
Hot Features
Premium
