VANCOUVER, British Columbia,
Sept. 27, 2017 /CNW/ -- 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.
Tahoe continues to focus on reaching a peaceful and expeditious
conclusion to the roadblock at Casillas, which is approximately 16
kilometers away from the Escobal Mine in San Rafael Las
Flores. The Company is making progress with engaging
stakeholders at the Casillas roadblock.
About Tahoe Resources Inc.
Tahoe's strategy is to responsibly operate mines to world
standards 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.
For further information, please contact:
Tahoe Resources Inc.
Alexandra Barrows, Vice President
Investor Relations
investors@tahoeresources.com
Tel: +1.775.448.5812
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release contains "forward-looking statements" within
the meaning of Section 27A of the United States Securities Act of
1933, as amended, Section 21E of the United States Exchange Act of
1934, as amended, the United States Private Securities Litigation
Reform Act of 1995, or in releases made by the United States
Securities and Exchange Commission, all as may be amended from time
to time, and "forward-looking information" under the provisions of
applicable Canadian securities legislation, concerning the
business, operations and financial performance and condition of the
Company. Forward-looking statements include, but are not limited
to, timing and possible outcome of pending litigation, including
any review or appeal of the definitive decision from the Supreme
Court of Guatemala which
reinstated the Company's mining license in respect of the Escobal
mine; the timing and results of the petition or any appeal for the
annual renewal of Escobal's export credential; the time for appeals
to be heard and decided and the likelihood of the decision being
overturned by the Constitutional Court in Guatemala; the timing, scope, results and
implications to the Company of the court-ordered consultation
process; the timing and likelihood of the road blockage being
peacefully cleared and resolved; the timing and amount of estimated
future production, costs of production, capital expenditures,
exploration expenses, free cash flow, currency exchange rate
fluctuations, requirements for additional capital; the future price
of silver, gold, lead and zinc; government regulation of mining
operations title disputes or claims; and limitations on insurance
coverage. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as
"plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", "believes", or
variations or comparable language of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "should", "might" or "will be taken", "occur" or "be
achieved" or the negative connotation thereof.
Forward-looking statements are necessarily based upon a number
of factors and assumptions that, if untrue, could cause the actual
results, performances or achievements of the Company to be
materially different from future results, performances or
achievements expressed or implied by such statements. Such
statements and information are based on numerous assumptions
regarding present and future business strategies and the
environment in which Tahoe will operate in the future, including
the price of silver, gold, lead and zinc, anticipated costs,
sufficiency of capital resources and the possibility of considering
alternative financing arrangements to meet strategic needs, and
ability to achieve goals. 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 workings of the Guatemalan legal system, social unrest
and political or economic instability in Guatemala and the Company's ability to
efficiently resume operations once the suspension of the mining
license is lifted and roadblock is cleared, re-issuance of
licenses, permits and credentials affecting the operation of the
Company's mines, and relationships with our partners, including
employees, vendors and community populations.
Certain important factors that could cause actual results,
performances or achievements to differ materially from those in the
forward-looking statements include, among others, silver, gold,
lead and zinc price volatility, discrepancies between actual and
estimated production, mineral reserves and mineral resources and
metallurgical recoveries, mining operational and development risks,
litigation risks, regulatory restrictions (including environmental
regulatory restrictions and liability), changes in national and
local government legislation, taxation, controls or regulations
and/or change in the administration of laws, policies and
practices, expropriation or nationalization of property and
political or economic developments in Guatemala, Peru, and Canada, and other jurisdictions in which the
Company does or may carry on business in the future, delays,
suspension and technical challenges associated with capital
projects, higher prices for fuel, steel, power, labor and other
consumables, currency fluctuations, the speculative nature of gold
exploration, the global economic climate, dilution, share price
volatility, competition, loss of key employees, additional funding
requirements and defective title to mineral claims or
property. Although Tahoe believes its expectations are based
upon reasonable assumptions and has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended.
Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause actual
results to be materially different from those expressed or implied
by such forward-looking statements. Such risks, uncertainties and
other factors include but are not limited to; the fluctuation of
the price of silver and gold; opposition to development and mining
operations by one or more groups of indigenous people; actions that
impede or prevent the operations of the Company's mines; the
inability to develop and operate the Company's mines or projects;
social unrest and political or economic instability and
uncertainties in the jurisdictions in which the Company operates;
the timing and ability to maintain and, where necessary, obtain and
renew necessary permits and licenses; changes in national and local
government legislation, taxation and controls or regulations;
environmental and other governmental regulation compliance; the
uncertainty in the estimation of mineral resources and mineral
reserves; fluctuations in currency exchange rates; infrastructure
risks, including access to roads, water and power and the timing
and possible outcome of pending or threatened litigation and the
risk of unexpected litigation.
For a more detailed discussion of these and other risks relevant
to the Company, see the Company's Management's Discussion and
Analysis for the second quarter of 2017 filed on SEDAR and with the
SEC on August 8, 2017 and our other
public filings available on SEDAR at www.sedar.com, on EDGAR at
www.sec.gov or on the Company's website at
www.tahoeresources.com.
Although Tahoe has attempted to identify important factors that
could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such 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. Forward-looking statements are
made as of the date hereof and, accordingly, are subject to change
after such date. Except as otherwise indicated by Tahoe,
these statements do not reflect the potential impact of any
non-recurring or other special items or of any disposition,
monetization, merger, acquisition, other business combination or
other transaction that may be announced or that may occur after the
date hereof. Forward-looking statements are provided for the
purpose of providing information about management's current
expectations and plans and allowing investors and others to get a
better understanding of Tahoe's operating environment. Tahoe
does not intend or undertake to publicly update any forward-looking
statements that are included in this document, whether as a result
of new information, future events or otherwise, except in
accordance with applicable securities laws.
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SOURCE Tahoe Resources Inc.