With environmental and indigenous opponents of Tahoe's Escobal mine vowing it will never again produce silver, analysts are expecting the company to post its fifth consecutive quarterly loss on Tuesday.
Guatamala Mining News
Decision comes 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 new chief executive of Tahoe Resources Inc 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.
"Despite a handful of normal start-up issues, the operations team maintained operating costs within expectations.”
Shares in Anfield Nickel's jumped more than 4% to within striking distance of a year-high on Friday after the company released the results of its economic assessment of the Mayaniquel project in Guatemala. Anfield said the project may generate approximately 700 permanent jobs and 800 direct jobs during the three year construction period and potentially $1.8 billion in taxes and government royalties payable to the Guatemalan government.