VANCOUVER, June 12, 2018 /CNW/ - Tahoe Resources
Inc. ("Tahoe" or the "Company") (TSX: THO, NYSE: TAHO)
today announced that Ronald W. Clayton will retire as
President, CEO and director of the Company, effective June 15, 2018, and that current director,
James S. Voorhees will assume the
position of President and CEO. Mr. Voorhees has been a
director of the Company since its inception in 2010, and he will
remain on the Board following this appointment.
"I wish to thank Ron for his countless contributions to
Tahoe," said Kevin
McArthur, Executive Chair of Tahoe. "His legacy
includes the permitting, construction and start-up of our world
class Escobal Mine in Guatemala which has underpinned the success of
the Company and remains a key to our future growth. Ron has also
been integral to our advancements in Peru and Canada. We wish him all the best
in his future endeavors."
Jim Voorhees is a mining engineer
with over 30 years of experience in mine design, permitting,
construction, operations and management of numerous properties in
jurisdictions throughout the world. He has been an active
participant on Tahoe's Board of Directors from the Company's
inception. As Vice President and Chief Operating Officer of Glamis
Gold Inc., Jim led that company's mine-building successes from 1999
until the Goldcorp merger in 2006, including the San Martin,
Marigold, El Sauzal, Marlin and Peñasquito mines. Prior to Glamis,
Mr. Voorhees held various operating and executive positions with
Newmont and other predecessor companies.
Mr. McArthur continued, "Given Jim's broad industry
experience and his role as a founding director of Tahoe, he is
uniquely qualified and prepared to lead the Company into the
future. As a director, Jim has worked very
closely with our Board and management team, particularly in
his position as the Chair of the Health, Safety, Environment and
Communities Committee. I look forward to working with him
closely over the coming months."
Mr. Voorhees stated, "I am eager to take on this
significant role at Tahoe at such an important time, and look
forward to working with the entire Tahoe team to create lasting
shareholder value. We will be focused on the restart of operations
at Escobal at the earliest opportunity, as well as continuing to
optimize performance and value at our growth projects and gold
operations."
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 GDX and Russell 3000 on the NYSE. The
Company is listed on the TSX as THO and on the NYSE as TAHO.
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SOURCE Tahoe Resources Inc.