VANCOUVER, British Columbia,
April 9, 2018 /PRNewswire/ --
Tahoe Resources Inc. ("Tahoe" or the "Company") (TSX:
THO, NYSE: TAHO) reports a fuel spill at the La Arena mine in
Peru late Friday evening,
April 6th. The fuel
spill occurred when a contractor over-fueled one of the diesel
storage tanks, spilling into the containment facilities.
Unfortunately, the containment drain valve had been left open by
the fuel vendor due to continuing rains. As a result, it is
estimated that approximately 300 to 500 gallons of diesel fuel left
La Arena's containment facilities.
Upon identification of the leak, the Company immediately closed
the valve and initiated our emergency response and clean-up
protocols. The Company has successfully contained the spill through
the construction of dams, the placement of absorbing materials and
disposed of the recovered fuel in accordance with legal
requirements. The Company immediately began conducting extensive
inspections of the surrounding areas from the operation.
Initial inspections confirm that the spill was contained within our
property and did not reveal any reported impact, however we
continue to monitor the situation closely.
The incident was reported to the Agency for Environmental
Assessment and Control (OEFA) and to the Supervisor of Investment
in Energy and Mines (OSINERGMIN) within the required 24-hour
period. The surrounding communities of La Arena have also been
notified.
OEFA was on site at La Arena on Sunday,
April 8th to complete their investigation, but
has not yet issued any findings, orders or notices of
violation. Production is not expected to be impacted by this
event.
A full internal investigation will be completed in order to
avoid and prevent future incidents. Tahoe holds itself accountable
for ensuring safe operations for our environment and our
communities and we expect all of our employees and partners alike
to operate to the highest standards.
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: 775-448-5812
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This press release contains "forward-looking information" within
the meaning of Section 27A of the United States Securities Act of
1933, as amended, Section 21E of the US Exchange Act, 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.
All statements, other than statements of historical fact, are
forward-looking statements. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "plans", "expects", "is expected", "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 include, but are not limited to,
statements related to continued investigation and future impacts on
the Company's production at the La Arena mine, contamination to the
nearby communities, livestock, environment or our employees, and
the diversion of all storm water away from the industrial sites
during this rainy season.
Forward-looking statements are based on certain assumptions and
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 assumptions, risks and uncertainties are discussed in more
detail in our 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 management 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 forward-looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such forward-looking
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 the Company, 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 the Company's operating environment. The Company
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 as, and to
the extent required by, applicable securities laws.
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SOURCE Tahoe Resources Inc.