Tahoe Resources Mining News

Tahoe shares surge after Guatemala ruling

Vancouver-based producer rises 33% after Supreme Court of the central American nation reinstates operating licence for world's third largest silver mine.

Guatemalan court backs Tahoe’s Escobal mine suspension

Together with reevaluating its previous multi-year guidance, the company is now reviewing the financial impact of the mine suspension to its longer term capital and exploration programs.

Tahoe ceases dividend and suspends company-wide guidance due to uncertainty in Guatemala

The Vancouver-based miner seems to be handling the situation well, as officials announced Wednesday that balance sheets "remains strong"

Tahoe Resources forced to halt Escobal mine in Guatemala

The Canadian miner said it will take “all legal steps possible” after the country’s Supreme Court suspended the mining licence for its flagship Escobal silver mine.

Protesters block access to Tahoe’s Escobal silver mine in Guatemala

Protest seems to be about a variety of issues, including claims that mining at Escobal is causing seismic activity in Casillas, located about 20 km from the operation.

Tahoe gets 15% share flip on record quarterly cash flow

It produced 5.7 million ounces of silver from Escobal, the third largest silver mine in the world – a 17% increase from the previous quarter.

US Securities and Exchange Commission asked to investigate Tahoe Resources’ failure to disclose secret lawsuits

Groups is asking the SEC to determine whether Tahoe failed to meet legal requirements for disclosing human rights abuses and lawsuits related to its Escobal mine in Guatemala.

Tahoe Resources soars on Q2 earnings

Stock rose 7.3% on Wednesday after the company announced Q2 results that beat expectations.

Tahoe expands presence in Canada, to acquire Whitney JV from Goldcorp

As part of the miner's strategy to grow gold production in Timmins, Northern Ontario, to over 250,000 ounces per year by 2020.

Tahoe Resources provides new 2016 guidance, after Lake Shore acquisition

The company has emerged as a new leader in the precious metals sector with a well-diversified, Americas-based operating platform, a strong balance sheet and an attractive growth profile.

Tahoe may go after Goldcorp’s assets in Ontario — report

Tahoe Resources' founder and executive chair Kevin McArthur said the operations present "nice synergies".

Tahoe Resources adds Canadian gold mines to portfolio by buying Lake Shore

Tahoe Resources has agreed to buy Canadian precious-metals miner Lake Shore Gold in an all-stock deal valued at Cdn$945 million ($678 million).

Tahoe surges on strong results

Stock in Guatemala focused miner in double digit gain Friday as silver operations throw off cash and newly-acquired gold properties outperform.

Tahoe’s operations in Guatemala not affected by President’s resignation

The Canadian firm said its Escobal mine remains unaffected by the ongoing political turmoil in the country, which has forced President Otto Perez to resign amid a corruption scandal that gutted his government.

Tahoe Resources announces new CEO

Tahoe’s executive chair becomes CEO.

Goldcorp slashes dividend 60% amid dire gold market

The company also said it will spend between $850 and $900 to produce an ounce of gold this year, less than its previous forecast of between $875 and $950.

Goldcorp sells off 26% stake in Tahoe to raise cash

The news came on the same day Royal Bank of Canada downgraded Goldcorp’s stock to “sector perform” from “outperform,” citing concerns over the miner’s ability to continue paying its monthly dividend.

Tahoe Resources is up after reporting net earnings of $31.9 million

Operations continue to perform within guidance.

Canada’s Alamos Gold, AuRico merging in $1.5 billion deal

The deal will also result in a spinoff company called AuRico Metals, which will hold the Kemess Property in northern British Columbia and three royalty assets.

Tahoe Resources reports strong first production year

Silver produced in concentrate was 5.2 million ounces and 20.3 million ounces during the fourth quarter and year ended December 31, 2014, respectively.

Do mining companies adequately value corporate social responsibility?

The industry is generally optimistic after a difficult year. According to a recent study by the EY Global Mining & Metals Center, the mining sector was battered and bruised in 2014, but is expecting a strong performance in 2015.

Tahoe Resources buys Rio Alto Mining in $1.2 billion friendly deal

A new intermediate precious metals producer.

Tahoe’s Escobal silver mine output at high end of 2014 expectations

The mine generated 20.3 million ounces (moz) of silver contained in concentrates recovered from 1.246 million tonnes of ore at an average grade of 585 grams per tonne (gpt).

Miners in Guatemala to pay ten times more royalties

President Otto Perez Molina has approved a new rule passed by the Congress last week, which rises taxes to transnational miners operating in the country from 1% to 10%.

Guatemala’s huge mining royalty hike makes Tahoe unhappy

The country’s congress passed Friday legislation to increase mining royalties from 5% to 10%.