VANCOUVER, British Columbia,
June 19, 2017 /PRNewswire/
-- Tahoe Resources Inc. (TSX: THO, NYSE: TAHO) ("Tahoe"
or the "Company") reported today that a group of protestors near
the town of Casillas in Guatemala
has been blocking the primary road that connects Guatemala City to the Escobal Mine near Minera
San Rafael. Protests appear to relate to a variety of issues,
including some unfounded claims that mining at Escobal is causing
seismic activity more than 20 kilometers away in Casillas. The
Company is working with the government, community leaders
and others to resolve the situation peacefully and
expeditiously. We expect lawful and peaceful engagement in the
coming week will result in the resolution of this conflict and open
transportation routes. While the Company's shipments and supplies
have been delayed, the Company does not expect any adjustments to
its annual production or cost guidance as a result, and anticipates
production and financial performance to be in line with mid-year
expectations at the end of the second quarter.
Ron Clayton, President and CEO of
Tahoe Resources Inc., commented: "I want to assure shareholders
that the roadblock has not affected our guidance for the
year. Our operations are performing well and we anticipate
that our performance at mid-year will be well within expectations
relative to our guidance. However, the delay affects our partner
communities and former land owners as well as our employees
and suppliers since royalties, wages and fees may be delayed as a
result. We are working diligently to engage government and
community leaders to resolve the situation."
About Tahoe Resources Inc.
Tahoe's strategy is to responsibly operate mines to world
standards, to pay significant shareholder dividends and to develop
high quality precious metals assets in the Americas. Tahoe is a
member of the S&P/TSX Composite and TSX Global Mining indices
and the Russell 3000 on the NYSE. The Company is listed on the TSX
as THO and on the NYSE as TAHO.
Forward-Looking Statements
This news release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation, and
"forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995
(collectively referred to as "forward-looking statements"). In
particular, this news release includes forward-looking statements
related to production and cost estimates at the Escobal Mine and
the resolution of the roadblock along the road to the Escobal
Mine.
Forward-looking statements are based on management's reasonable
assumptions, estimates, expectations, analyses and opinions, which
are based on management's experience and perception of trends,
current conditions and expected developments, and other factors
that management believes are relevant and reasonable in the
circumstances, but which may prove to be incorrect. Assumptions
have been made regarding, among other things: the Company's ability
to operate in a safe, efficient and effective manner. Readers are
cautioned that the foregoing list is not exhaustive. Tahoe's actual
results, programs and financial position could differ materially
from those anticipated in such forward-looking statements as a
result of numerous factors, risks and uncertainties, many of which
are beyond the Company's control. These include, but are not
necessarily limited to social unrest and political or economic
instability in Guatemala. There is
no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Tahoe does not undertake to update any forward-looking
statements, except as, and to the extent required by, applicable
securities laws. For a further discussion of risks relevant to the
Company, see the Company's Annual Information Form available on
www.sedar.com under the heading "Description of Our Business – Risk
Factors."
For further information, please contact:
Tahoe Resources Inc.
Vice President, Investor Relations
investors@tahoeresources.com
Tel: 775-448-5800
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visit:http://www.prnewswire.com/news-releases/tahoe-provides-escobal-update-300475509.html
SOURCE Tahoe Resources Inc.