VANCOUVER, British Columbia,
Feb. 15, 2018 /CNW/ -- Tahoe
Resources Inc. ("Tahoe" or the "Company") (TSX: THO,
NYSE: TAHO) reports its updated mineral reserves and
resources as of January 1, 2018.
Ron Clayton, President and CEO of
Tahoe: "In 2017, we added 888,000 ounces of new gold mineral
reserves, more than replacing the 489 thousand ounces depleted
during our record gold production year. With the addition of the La
Arena II resources, we have also increased gold resources by 3.4
million ounces. During 2018 and 2019 we will continue to focus on
thoughtfully advancing our exploration and development properties
with the aim of continuing to grow our gold resources and
converting our resources into reserves."
MINERAL RESERVES – HIGHLIGHTS:
- Tahoe's proven and probable mineral reserves totaled
approximately 3.7 million ounces of gold, 288 million ounces of
silver, 196 thousand tonnes of lead and 320 thousand tonnes of zinc
as of January 1, 2018
- Tahoe's gold reserves represent an increase of approximately
400 thousand ounces (+12%) over the prior year, net of 2017
production
- Increases in gold reserves at the Company's operating
properties during 2017 were attributable to increases in mineral
reserves at the Shahuindo mine due to exploration success, the
initial mineral reserve estimate for the 144 Gap deposit at the
Timmins West Mine (released in September
2017), and the conversion of mineral resources to mineral
reserves at the Bell Creek Mine
- The following table illustrates the changes in Tahoe's
estimated gold reserves at its operating properties
year-over-year:
|
Gold Ounces
(k)
|
Gold Mineral Reserves
as of January 1, 2017(1)
|
3,322
|
Less: mineral
reserves mined during 2017
|
(489)
|
Plus: mineral
reserves added in 2017
|
888
|
Gold Mineral
Reserves as of January 1, 2018
|
3,721
|
Net
Increase
|
399
|
Percentage
increase
|
12%
|
(1) Excludes 2017 La
Arena sulfide reserves which are no longer carried by the
Company
|
MINERAL RESOURCES – HIGHLIGHTS:
- Tahoe's measured and indicated mineral resources totaled
approximately 14 million ounces of gold, 403 million ounces of
silver, 5.8 billion pounds of copper, 256 thousand tonnes of lead
and 427 thousand tonnes of zinc as of January 1, 2018
- Gold resources increased by approximately 3.4 million ounces
(+33%) compared to the prior year
- Copper measured and indicated resources increased to 5.8
billion pounds, an increase of 3.8 billion pounds (+187%) compared
to the prior year
- The significant increase in gold and copper resources
year-over-year was attributable in large part to La Arena II.
An updated NI 43-101 technical report for the La Arena property,
which includes the Preliminary Economic Assessment ("PEA") of the
La Arena II project, which the Company expects to release on
February 20, 2018
- The following table illustrates the changes in Tahoe's
estimated gold resources year-over-year:
|
Gold Ounces
(k)
|
Measured &
Indicated Mineral Resources as of January 1, 2017
|
10,562
|
Measured &
Indicated Mineral Resources as of January 1, 2018
|
14,005
|
Increase
|
3,443
|
Percent
Increase
|
33%
|
Please refer to the tables below for total mineral reserve and
mineral resource estimates as of January 1,
2018.
MINERAL RESERVES
AS OF JANUARY 1, 2018
|
Operation
|
Reserve
Classification
|
Gold
(koz)
|
Silver
(koz)
|
Copper
(mlbs)
|
Lead
(ktonnes)
|
Zinc
(ktonnes)
|
Escobal
Mine
|
Proven
|
34
|
39,532
|
-
|
26
|
44
|
|
Probable
|
244
|
224,961
|
-
|
170
|
276
|
|
P +
P
|
278
|
264,493
|
-
|
196
|
320
|
La Arena
Mine
|
Proven
|
3
|
-
|
-
|
-
|
-
|
|
Probable
|
565
|
-
|
-
|
-
|
-
|
|
P +
P
|
568
|
-
|
-
|
-
|
-
|
Shahuindo
Mine
|
Proven
|
1,203
|
14,756
|
-
|
-
|
-
|
|
Probable
|
704
|
8,384
|
-
|
-
|
-
|
|
P +
P
|
1,907
|
23,140
|
-
|
-
|
-
|
Timmins West
Mine
|
Proven
|
47
|
-
|
-
|
-
|
-
|
|
Probable
|
606
|
-
|
-
|
-
|
-
|
|
P +
P
|
654
|
-
|
-
|
-
|
-
|
Bell Creek
Mine
|
Proven
|
68
|
-
|
-
|
-
|
-
|
|
Probable
|
246
|
-
|
-
|
-
|
-
|
|
P +
P
|
315
|
-
|
-
|
-
|
-
|
Total
|
Proven
|
1,356
|
54,288
|
-
|
26
|
44
|
|
Probable
|
2,366
|
233,345
|
-
|
170
|
276
|
|
P +
P
|
3,721
|
287,633
|
-
|
196
|
320
|
|
|
|
|
|
|
|
OPERATING
PROPERTIES – MINERAL RESOURCES AS OF JANUARY 1, 2018
|
Operation
|
Resource
Classification
|
Gold
(koz)
|
Silver
(koz)
|
Copper
(mlbs)
|
Lead
(ktonnes)
|
Zinc
(ktonnes)
|
Escobal
Mine
|
Measured
|
51
|
58,104
|
-
|
33
|
58
|
|
Indicated
|
337
|
316,520
|
-
|
224
|
369
|
|
M +
I
|
388
|
374,624
|
|
256
|
427
|
|
Inferred
|
54
|
10,746
|
-
|
4
|
8
|
La Arena
Mine
|
Measured
|
3
|
-
|
-
|
-
|
-
|
|
Indicated
|
640
|
-
|
-
|
-
|
-
|
|
M +
I
|
643
|
-
|
-
|
-
|
-
|
|
Inferred
|
4
|
-
|
-
|
-
|
-
|
Shahuindo
Mine
|
Measured
|
1,358
|
16,807
|
-
|
-
|
-
|
|
Indicated
|
921
|
11,122
|
-
|
-
|
-
|
|
M +
I
|
2,278
|
27,929
|
|
|
|
|
Inferred
|
2,500
|
46,980
|
-
|
-
|
-
|
Timmins West
Mine
|
Measured
|
39
|
-
|
-
|
-
|
-
|
|
Indicated
|
885
|
-
|
-
|
-
|
-
|
|
M +
I
|
923
|
-
|
-
|
-
|
-
|
|
Inferred
|
133
|
-
|
-
|
-
|
-
|
Bell Creek
Mine
|
Measured
|
167
|
-
|
-
|
-
|
-
|
|
Indicated
|
569
|
-
|
-
|
-
|
-
|
|
M +
I
|
736
|
-
|
-
|
-
|
-
|
|
Inferred
|
415
|
-
|
-
|
-
|
-
|
Total – Operating
Properties
|
Measured
|
1,618
|
74,911
|
-
|
33
|
58
|
Indicated
|
3,351
|
327,642
|
-
|
224
|
369
|
M +
I
|
4,969
|
402,552
|
|
256
|
427
|
Inferred
|
3,106
|
57,726
|
-
|
4
|
8
|
|
EXPLORATION &
DEVELOPMENT PROPERTIES – MINERAL RESOURCES AS OF JANUARY 1,
2018
|
Operation
|
Resource
Classification
|
Gold
(koz)
|
Silver
(koz)
|
Copper
(mlbs)
|
Lead
(ktonnes)
|
Zinc
(ktonnes)
|
La Arena
II
|
Measured
|
1,265
|
-
|
1,279
|
-
|
-
|
|
Indicated
|
4,372
|
-
|
4,511
|
-
|
-
|
|
M +
I
|
5,637
|
-
|
5,790
|
-
|
-
|
|
Inferred
|
683
|
-
|
349
|
-
|
-
|
Fenn-Gib
|
Measured
|
-
|
-
|
-
|
-
|
-
|
|
Indicated
|
1,300
|
-
|
-
|
-
|
-
|
|
M +
I
|
1,300
|
-
|
-
|
-
|
-
|
|
Inferred
|
750
|
-
|
-
|
-
|
-
|
Gold River
|
Measured
|
-
|
-
|
-
|
-
|
-
|
|
Indicated
|
117
|
-
|
-
|
-
|
-
|
|
M +
I
|
117
|
-
|
-
|
-
|
-
|
|
Inferred
|
1,028
|
-
|
-
|
-
|
-
|
Juby
|
Measured
|
-
|
-
|
-
|
-
|
-
|
|
Indicated
|
1,090
|
-
|
-
|
-
|
-
|
|
M +
I
|
1,090
|
-
|
-
|
-
|
-
|
|
Inferred
|
2,909
|
-
|
-
|
-
|
-
|
Whitney
|
Measured
|
218
|
-
|
-
|
-
|
-
|
|
Indicated
|
491
|
-
|
-
|
-
|
-
|
|
M +
I
|
709
|
-
|
-
|
-
|
-
|
|
Inferred
|
171
|
-
|
-
|
-
|
-
|
Marlhill
|
Measured
|
-
|
-
|
-
|
-
|
-
|
|
Indicated
|
57
|
-
|
-
|
-
|
-
|
|
M +
I
|
57
|
-
|
-
|
-
|
-
|
|
Inferred
|
-
|
-
|
-
|
-
|
-
|
Vogel/Schumacher
|
Measured
|
-
|
-
|
-
|
-
|
-
|
|
Indicated
|
125
|
-
|
-
|
-
|
-
|
|
M +
I
|
125
|
-
|
-
|
-
|
-
|
|
Inferred
|
169
|
-
|
-
|
-
|
-
|
Total –
Exploration & Development Properties
|
Measured
|
1,483
|
-
|
1,279
|
-
|
-
|
Indicated
|
7,553
|
-
|
4,511
|
-
|
-
|
M +
I
|
9,036
|
-
|
5,790
|
-
|
-
|
Inferred
|
5,709
|
-
|
349
|
-
|
-
|
Notes applicable to
the three preceding tables:
|
(1)
|
Totals may not sum
due to rounding.
|
(2)
|
The mineral resource
and mineral reserve estimates are current as of January 1,
2018. Refer to Technical Disclosure for effective dates of
mineral resource and mineral reserve estimates.
|
(3)
|
Refer to appendix for
individual cut off grades at individual properties.
|
For more details regarding mineral resource and mineral reserve
estimates for each operating mine and for each
exploration/development project, please refer to the detailed
summary in the appendix of this press release.
Technical Disclosure
Technical information in this
press release has been approved by Charlie
Muerhoff, Vice President Technical Services, Tahoe Resources
Inc., a Qualified Person as defined by NI 43-101.
Mineral resource estimates reported herein have been classified
as measured, indicated or inferred based on the confidence of the
input data, geological interpretation and grade estimation
parameters. Mineral reserve estimates reported herein are
based on known inputs that include metallurgical performance,
taxation/royalty obligations, geologic and geotechnical
characterization, operational costs, and other economic parameters.
The company is not currently aware of any known factors that are
reasonably likely to have a negative material impact on the
Company's mineral resources or mineral reserves. The mineral
resource and mineral reserve estimates were prepared in accordance
with NI 43-101 and classifications adopted by the CIM Council.
Mineral resources are inclusive of mineral reserves.
The basis of the mineral resource and mineral reserve estimates
for the Escobal mine is from Escobal Mine Guatemala NI 43-101
Feasibility Study, dated November 5,
2014 with effective dates of January
23, 2014 for the mineral resource estimate and July 1, 2014 for the mineral reserve estimate.
Mineral resources and mineral reserves reported at January 1, 2018 were calculated by subtracting
mine depletion volumes from the mineral resource and mineral
reserve estimates stated in the aforementioned technical
report.
The basis of the mineral resource and mineral reserve estimates
for the La Arena mine and the mineral resource estimate for the La
Arena II project is from Technical Report on the La Arena
Project, Peru, dated
February 20, 2018 with an effective
date of January 1, 2018.
The basis of the mineral resource and mineral reserve estimate
for the Shahuindo mine is from the NI 43-101 Technical Report on
the Shahuindo Mine, Cajabamba, Peru, dated January
25, 2016, with effective dates of April 15, 2015 for the mineral resource estimate
and November 1, 2015 for the mineral
reserve estimate. Mineral resources and mineral reserves reported
at January 1, 2018 were calculated by
applying the mine topographic surface at January 1, 2018 to an updated mineral resource
estimate completed July 1, 2017.
The basis of the Timmins West Mine mineral resources and mineral
reserves is from NI 43-101 Technical Report, Timmins West Mine,
Timmins, Ontario, Canada,
dated September 20, 2017 with an
effective date of May 15, 2017.
Mineral resources and mineral reserves for the Timmins West Mine
reported at January 1, 2018 were
calculated by subtracting mining depletion through the end of 2017
from an updated resource model completed in May 2017.
The basis of the mineral resource and mineral reserve estimates
for the Bell Creek mine is from NI 43-101 Technical Report,
Updated Mineral Reserve Estimate for Bell Creek Mine, Hoyle
Township, Timmins, Ontario,
Canada, dated March 27,
2015 with an effective date of December 31, 2014. Mineral resources and mineral
reserves reported at January 1, 2018
were calculated by subtracting mining depletion through the end of
2017 from an updated resource model completed in May 2017.
The mineral resource estimate for the Whitney project is from Technical Report
and Resource Estimate on the Upper Hallnor, C-Zone, and Broulan
Reef Deposits, Whitney Gold Property, Timmins Area, Ontario, Canada, dated February 26, 2014 with an effective date of
January 14, 2014.
The mineral resource estimate for the Gold River project is from
Technical Report on the Update of Mineral Resource Estimate for
the Gold River Property, Thorneloe Township, Timmins, Ontario, Canada, dated
April 5, 2012 with an effective date
of January 17, 2012.
The mineral resource estimate for the Juby project is from
Technical Report on the Updated Mineral Resource Estimate for
the Juby Gold Project, Tyrrell Township, Shining Tree Area,
Ontario, dated February 24, 2014 with an effective date of
February 24, 2014.
The mineral resource estimate for the Fenn-Gib project is from
Fenn-Gib Resource Estimate Technical Report, Timmins Canada, dated December 23, 2011 with an effective date of
November 17, 2011.
The Marlhill mineral resource estimate is from Technical
Report on the Marhill Project, Hoyle Township, Timmins, Ontario, Canada, dated
March 1, 2011 with an effective date
of March 1, 2011.
The Vogel/Schumacher mineral
resource estimate is from Technical Report on the Initial
Mineral Resource Estimate for the Vogel/Schumacher Deposit, Bell
Creek Complex, Hoyle Township, Timmins,
Ontario, Canada, dated June 14,
2011. The effective date of the mineral resource estimate is
May 2, 2011.
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
APPENDIX – SUMMARY OF OPERATING PROPERTIES
Escobal Mine
The Escobal Mine is an underground
silver-gold-lead-zinc mine with mineral recovery by differential
flotation producing precious metal-rich lead concentrates and zinc
concentrates. The mine is located in southeast Guatemala, approximately 40 kilometres
east-southeast of Guatemala City
and 2 kilometres east of the town of San Rafael las Flores in the
Department of Santa Rosa. Mining at
Escobal is done by transverse longhole stoping methods with lesser
longitudinal longhole stoping. The nominal production rate at the
Escobal Mine is 4,500 tonnes/day.
The mineral resource estimate for the Escobal Mine, as of
January 1, 2018, is summarized
below:
ESCOBAL MINERAL
RESOURCES
|
Classification
|
Tonnes
(M)
|
Silver
(g/t)
|
Gold
(g/t)
|
Lead
(%)
|
Zinc
(%)
|
Silver
(Moz)
|
Gold
(koz)
|
Lead
(kt)
|
Zinc
(kt)
|
Measured
|
4.8
|
374
|
0.33
|
0.68
|
1.20
|
58
|
51
|
33
|
58
|
Indicated
|
36.3
|
271
|
0.29
|
0.62
|
1.02
|
317
|
337
|
224
|
369
|
Measured +
Indicated
|
41.1
|
283
|
0.29
|
0.62
|
1.04
|
375
|
388
|
256
|
427
|
Inferred
|
1.9
|
180
|
0.90
|
0.22
|
0.42
|
11
|
54
|
4
|
8
|
(1)
|
Totals may not sum
due to rounding.
|
Mineral resources are reported using a 100 g/t silver-equivalent
cut-off grade. Silver-equivalent calculated using metal prices of
$20.00/oz silver, $1,300/oz gold, $1.00/lb lead and $1.10/lb zinc. The Escobal mineral resource
estimate at January 1, 2018 was
calculated by subtracting mine depletion volumes (tonnes and
contained metal) from the mineral resource estimate stated in the
Escobal Feasibility Study.
The mineral reserve estimate for the Escobal Mine, as of
January 1, 2018, is summarized
below:
ESCOBAL MINERAL
RESERVES
|
Classification
|
Tonnes
(M)
|
Silver
(g/t)
|
Gold
(g/t)
|
Lead
(%)
|
Zinc
(%)
|
Silver
(Moz)
|
Gold
(koz)
|
Lead
(kt)
|
Zinc
(kt)
|
Proven
|
2.5
|
486
|
0.42
|
1.02
|
1.75
|
40
|
34
|
26
|
44
|
Probable
|
22.1
|
316
|
0.34
|
0.77
|
1.25
|
225
|
244
|
170
|
276
|
Proven +
Probable
|
24.7
|
334
|
0.35
|
0.79
|
1.30
|
264
|
278
|
196
|
320
|
(1)
|
Totals may not sum
due to rounding.
|
Mineral reserves as of January 1,
2018 were calculated by applying an updated mine plan to the
mineral resource estimate stated in the Escobal Feasibility Study
taking into account mining depletion through the end of 2017.
Cut-off grades to define the January 1,
2018 mineral reserves were calculated from the NSR value of
the resource model blocks contained within the life-of-mine plan
minus the production cost to account for variability in mining
method and metallurgical response. Metal prices used to determine
the NSR value are $20.00/oz silver,
$1,300/oz gold, $1.00/lb lead and $1.10/lb zinc. Actual mining, processing and
general and administrative (G&A) costs, metallurgical
performance and smelter contract rates from the Escobal Mine were
used to derive operating costs used in the reserve calculation.
Proven and probable mineral reserves include approximately 33%
dilution that takes into account internal and external mining
dilution and dilution from paste backfill where applicable.
Subeconomic material internal to the stope designs and external
mining dilution account for approximately 30% of the dilution total
and paste backfill dilution accounts for about 3% of the dilution
total. Mineral resources within the mine plan classified as
Inferred have been given metal grades of zero for the calculation
of mineral reserves.
La Arena Mine
The La Arena Mine is an open pit,
run-of-mine heap leach oxide gold mine located in northern
Peru, 480 kilometres
north-northwest of Lima, Peru, in
the Huamachuco District, Department of La Libertad. The current
mining rate is approximately 45,000 tonnes of ore per day.
The mineral resource estimate for the La Arena Mine, as of
January 1, 2018, is summarized
below:
LA ARENA MINE
MINERAL RESOURCES
|
Material
Type
|
Classification
|
Tonnes
(M)
|
Gold
(g/t)
|
Gold
(koz)
|
Oxide
|
Measured
|
0.3
|
0.38
|
3.3
|
|
Indicated
|
49.6
|
0.40
|
640.2
|
|
Measured +
Indicated
|
49.9
|
0.40
|
643.5
|
|
Inferred
|
0.4
|
0.32
|
4.3
|
(1)
|
Totals may not sum
due to
rounding.
|
The oxide resource is reported at a cut-off grade of 0.10 g/t Au
within an optimized undiscounted cash flow pit shell using a metal
price of $1,400/oz Au and actual
costs experienced at the La Arena Mine. The La Arena Mine mineral
resource estimate at January 1, 2018
was calculated by applying the mine topographic surface at
January 1, 2018 to an updated mineral
resource estimate completed in mid-year 2017.
The mineral reserve estimate for the La Arena Mine, as of
January 1, 2018, is summarized
below:
LA ARENA MINE
MINERAL RESERVES
|
Material
Type
|
Classification
|
Tonnes
(M)
|
Gold
(g/t)
|
Gold
(koz)
|
Oxide
|
Proven
|
0.3
|
0.38
|
3
|
|
Probable
|
43.7
|
0.40
|
565
|
|
Proven +
Probable
|
44.0
|
0.40
|
568
|
(1)
|
Totals may not sum
due to
rounding.
|
Oxide Mineral reserves for the La Arena Mine are reported at a
0.10 g/t gold cut-off grade and have been constrained to the final
pit design based on an optimized pit shell using $1,200/oz gold and actual operating costs
incurred. The mineral reserves were calculated from measured and
indicated oxide mineral resources. As the resource block model is a
diluted block model, no additional dilution or mining losses were
applied. The life-of-mine strip ratio is 1.9 (waste:ore).
Shahuindo Mine
The Shahuindo Mine is an open
pit heap leach oxide gold operation which is currently in
production. The mine is located in northern Peru, approximately 970 kilometers by road
north-northwest of Lima. The
life-of-mine mining schedule at the Shahuindo Mine consists of
mining higher grade starter pits providing run-of mine material to
the leach pads through mid-2018; after which, the mine plan is
designed to deliver ore to a crushing and agglomeration circuit
with lesser amounts of run-of-mine material delivered directly to
the leach pads. The average mining rate in 2017 was approximately
17,800 tonnes of ore per day, with an average of 14,900 tonnes of
ore per day placed on the leach pads. Over the course of the next
two years, mining is projected to ramp up to a nominal 36,000
tonnes of ore per day.
The mineral resource estimate for Shahuindo, as of January 1, 2018, is summarized below:
SHAHUINDO MINERAL
RESOURCES
|
Material
Type
|
Classification
|
Tonnes
(M)
|
Gold
(g/t)
|
Silver
(g/t)
|
Gold
(koz)
|
Silver
(koz)
|
Oxide
|
Measured
|
89.1
|
0.47
|
5.9
|
1,358
|
16,807
|
|
Indicated
|
67.6
|
0.42
|
5.1
|
921
|
11,122
|
|
Measured +
Indicated
|
156.7
|
0.45
|
5.5
|
2,278
|
27,929
|
|
Inferred
|
13.4
|
0.41
|
4.5
|
177
|
1,925
|
Sulfide
|
Inferred
|
97.4
|
0.74
|
14.4
|
2,323
|
45,055
|
All
Material
|
Measured
|
89.1
|
0.47
|
5.9
|
1,358
|
16,807
|
|
Indicated
|
67.6
|
0.42
|
5.1
|
921
|
11,122
|
|
Measured +
Indicated
|
156.7
|
0.45
|
5.5
|
2,278
|
27,929
|
|
Inferred
|
110.8
|
0.70
|
13.2
|
2,500
|
46,980
|
(1)
|
Totals may not sum
due to rounding.
|
The Shahuindo mineral resources are reported using a gold
cut-off grade for oxide material of 0.15 g/t. Oxide resources are
reported within a $1,400/oz gold
optimized pit shell. The sulfide mineral resources at Shahuindo are
classified entirely as Inferred due to limited metallurgical
characterization and wider drill spacing than in the oxide portion
of the deposit. There have been no economic or mining studies of
the sulfide portion of the Shahuindo deposit completed to date; the
inferred sulfide mineral resource is reported at a 0.5 g/t
gold-equivalent cut-off grade using a silver-to-gold ratio of
80.
The mineral reserve estimate for Shahuindo, as of January 1, 2018, is summarized below:
SHAHUINDO MINERAL
RESERVES
|
Material
Type
|
Classification
|
Tonnes
(M)
|
Gold
(g/t)
|
Silver
(g/t)
|
Gold
(koz)
|
Silver
(koz)
|
Oxide
|
Proven
|
77.9
|
0.48
|
5.9
|
1,203
|
14,756
|
|
Probable
|
49.9
|
0.44
|
5.2
|
704
|
8,384
|
|
Proven +
Probable
|
127.8
|
0.46
|
5.6
|
1,907
|
23,140
|
(1)
|
Totals may not sum
due to rounding.
|
Oxide mineral reserves were reported at a 0.18 g/t gold cut-off
grade and have been constrained to the final pit design based on an
optimized pit shell using $1,200/oz
gold and actual operating costs incurred. The mineral reserves were
calculated from measured and indicated oxide mineral resources only
and include 5% dilution and mining losses of 2%. The life-of-mine
strip ratio is 1.1 (waste:ore). There are no sulfide mineral
reserves reported for Shahuindo.
In 2017, exploration drilling focused on identification of
mineralized zones peripheral to the current Shahuindo pit with the
potential to contribute to an expansion of the mineral resources
and mineral reserves. A total of 17,500 metres were drilled during
the year testing the San José, San Lorenzo, San Jose and La Chilca
near-pit targets exploration success at these proximal targets
replaced gold ounces produced in 2017 and added approximately 50
thousand additional gold ounces to the 2018 mineral reserve.
Timmins West Mine
The Timmins West Mine is an
underground gold mine located approximately 19 kilometres west of
the city of Timmins, Ontario and
is comprised of the Timmins, Thunder Creek and 144 Gap deposits.
Production comes from a combination of ore development and
transverse and longitudinal longhole stoping. In 2017, the average
mining rate at the Timmins West Mine was approximately 2,800 tonnes
of ore per day. Ore from the Timmins West Mine is trucked to the
Company's Bell Creek Mill for
processing.
The mineral resource estimate for the Timmins West Mine, as of
January 1, 2018, is summarized
below:
TIMMINS WEST MINE
MINERAL RESOURCES
|
Deposit
|
Classification
|
Tonnes
(k)
|
Gold
(g/t)
|
Gold
(koz)
|
Timmins
|
Measured
|
-
|
-
|
-
|
|
Indicated
|
1,256
|
4.46
|
180
|
|
Measured &
Indicated
|
1,256
|
4.46
|
180
|
|
Inferred
|
357
|
4.32
|
50
|
Thunder
Creek
|
Measured
|
-
|
-
|
-
|
Indicated
|
1,107
|
3.39
|
121
|
|
Measured &
Indicated
|
1,107
|
3.39
|
121
|
|
Inferred
|
39
|
2.61
|
3
|
144 Gap
|
Measured
|
247
|
4.86
|
39
|
|
Indicated
|
4,751
|
3.82
|
885
|
|
Measured &
Indicated
|
4,998
|
3.88
|
923
|
|
Inferred
|
695
|
3.60
|
133
|
Total
Timmins
West Mine
|
Measured
|
247
|
4.86
|
39
|
Indicated
|
7,114
|
3.87
|
885
|
|
Measured &
Indicated
|
7,361
|
3.90
|
923
|
|
Inferred
|
1,091
|
3.80
|
133
|
(1)
|
Totals may not sum
due to rounding.
|
Mineral resources for the Timmins West Mine as of January 1, 2018 were reported by subtracting
mining depletion through the end of 2017 from an updated resource
model completed on May 15, 2017. The
Timmins West Mine mineral resources are reported as in situ
resources using a gold cut-off grade of 1.5 g/t.
The mineral reserve estimate for the Timmins West Mine, as of
January 1, 2018, is summarized
below:
TIMMINS WEST MINE
MINERAL RESERVES
|
Deposit
|
Classification
|
Tonnes
(k)
|
Gold
(g/t)
|
Gold
(koz)
|
Timmins
|
Proven
|
-
|
-
|
-
|
|
Probable
|
984
|
3.59
|
114
|
|
Proven +
Probable
|
984
|
3.59
|
114
|
Thunder
Creek
|
Proven
|
-
|
-
|
-
|
Probable
|
466
|
2.89
|
43
|
|
Proven +
Probable
|
466
|
2.89
|
43
|
144 Gap
|
Proven
|
407
|
3.61
|
47
|
|
Probable
|
4,605
|
3.03
|
449
|
|
Proven +
Probable
|
5,012
|
3.08
|
496
|
Total
Timmins
West Mine
|
Proven
|
407
|
3.61
|
47
|
Probable
|
6,055
|
3.11
|
606
|
|
Proven +
Probable
|
6,462
|
3.15
|
654
|
(1)
|
Totals may not sum
due to rounding.
|
Mineral reserves were calculated by applying the life-of-mine
plan at January 1, 2018 to the
measured and indicated mineral resources using a gold price of
$1,275/oz and a gold cut-off grade of
2.0 g/t. Mineral reserves are supported by a mine plan that
features variable stope thicknesses designed on the updated mineral
resource model using operating costs of $78.64/tonne ore with 95% mining recovery,
external dilution of 15% and metallurgical recovery of 97%. Mineral
resources are inclusive of mineral reserves.
Bell Creek Mine
The Bell Creek Mine is an
underground gold mine and processing facility located in Hoyle
Township, Porcupine Mining Division, approximately 20 kilometres by
road northeast of Timmins,
Ontario. Narrow vein longitudinal longhole stoping with
unconsolidated rock fill is the primary mining method used at the
Bell Creek Mine. The processing plant consists of a one-stage
crushing circuit, ore storage dome, one-stage grinding circuit with
gravity recovery, followed by pre-oxidation and cyanidation of the
slurry with carbon-in-leach (CIL) and carbon-in-pulp (CIP)
recovery.
The mineral resource estimate for the Bell Creek deposit, as of
January 1, 2018, is summarized
below:
BELL CREEK MINERAL
RESOURCES
|
Classification
|
Tonnes
(M)
|
Gold
(g/t)
|
Gold
(koz)
|
Measured
|
1.2
|
4.43
|
167
|
Indicated
|
4.1
|
4.27
|
569
|
Measured &
Indicated
|
5.3
|
4.31
|
736
|
Inferred
|
3.0
|
4.36
|
415
|
(1)
|
Totals may not sum
due to
rounding.
|
Mineral resources for the Bell Creek deposit as of January 1, 2018 were reported by subtracting
mining depletion through the end of 2017 from an updated resource
model completed in May 2017. The Bell
Creek mineral resources are reported as in situ resources
using a gold cut-off grade of 2.2 g/t.
The mineral reserve estimate for the Bell Creek deposit, as of
January 1, 2018, is summarized
below:
BELL CREEK MINERAL
RESERVES
|
Classification
|
Tonnes
(M)
|
Gold
(g/t)
|
Gold
(koz)
|
Proven
|
0.5
|
3.90
|
68
|
Probable
|
1.9
|
4.12
|
246
|
Proven &
Probable
|
2.4
|
4.07
|
315
|
(1)
|
Totals may not sum
due to
rounding.
|
Mineral reserves were calculated by applying the life-of-mine
plan as of January 1, 2018 to the
measured and indicated mineral resources using a long-term gold
price of $1,275/oz and reported at a
gold cut-off grade of 2.3 g/t. Mineral reserves are supported by a
mine plan that features variable stope thicknesses designed on the
mineral resource model using operating costs of $87.42/tonne ore with 95% mining recovery,
external dilution of 16% and metallurgical recovery of 94.5%.
Mineral resources are inclusive of mineral reserves.
EXPLORATION AND DEVELOPMENT PROPERTIES
La Arena II
The La Arena II project is a
porphyry-hosted copper and gold deposit located adjacent to, and
east of, the La Arena oxide gold mine currently in production. The
mineral resource estimate for the La Arena II project, effective
January 1, 2018, is summarized
below:
LA ARENA II
MINERAL RESOURCES
|
Material
Type
|
Classification
|
Tonnes
(M)
|
Gold
(g/t)
|
Copper
(%)
|
Gold
(koz)
|
Copper
(Mlbs)
|
Oxide
|
Measured
|
5.9
|
0.27
|
-
|
51
|
-
|
|
Indicated
|
43.2
|
0.28
|
-
|
388
|
-
|
|
Meas +
Ind
|
49.1
|
0.28
|
-
|
440
|
-
|
|
Inferred
|
41.3
|
0.26
|
-
|
349
|
-
|
Sulfide
|
Measured
|
149.7
|
0.25
|
0.39
|
1,214
|
1,279
|
|
Indicated
|
543.5
|
0.23
|
0.38
|
3,984
|
4,511
|
|
Meas +
Ind
|
693.2
|
0.23
|
0.38
|
5,197
|
5,790
|
|
Inferred
|
50.4
|
0.21
|
0.31
|
344
|
349
|
(1)
|
Totals may not sum
due to rounding.
|
The La Arena II mineral resources are reported within an
optimized undiscounted cash flow pit shell using metal prices of
$4.00/lb copper and $1,500/oz gold and operating cost parameters
developed for the La Arena II PEA. Oxide mineral resources are
reported using a 0.10 g/t gold cut-off grade; sulfide mineral
resources are reported using a 0.18% copper-equivalent cut-off
grade. There are no mineral reserves reported for La Arena II.
The 2018 La Arena II PEA supersedes the 2015 feasibility study
completed by Rio Alto. The prior
study included probable mineral reserves of 63.1 million tonnes at
average grades of 0.43% copper and 0.31 g/t gold containing 579
million pounds of copper and 633 thousand ounces of gold. There are
no mineral reserves reported in the 2018 PEA as the scope of the
project has changed significantly with a refined geologic model, an
updated mineral resource estimate, increased mining and processing
rates, modified processing scheme, and the use of alternative
tailings disposal facilities. While a portion of the data generated
for the 2015 feasibility study provides support for some of the
assumptions incorporated into the 2018 PEA, much of the mining,
processing, geotechnical, hydrological, social, and capital and
operating cost parameters used in the 2015 study are no longer
applicable to the project as envisioned in the 2018 PEA.
WHITNEY
The
Whitney gold property is located
in the township of Whitney, within
the city limits of Timmins,
Ontario. The property is held in joint venture by Tahoe
(79%) and Goldcorp (21%), with Tahoe as operator. Gold
mineralization at Whitney is
broadly classified as mesothermal quartz-carbonate vein deposits
within the Archean-age Abitibi Greenstone Belt.
The mineral resource estimate for Whitney, with an effective date of
January 24, 2014, is summarized
below:
WHITNEY MINERAL
RESOURCES
|
Resource
Classification
|
Tonnes
(M)
|
Gold
(g/t)
|
Gold
(koz)
|
Measured
|
1.0
|
7.02
|
218
|
Indicated
|
2.3
|
6.77
|
491
|
Measured +
Indicated
|
3.2
|
6.85
|
709
|
Inferred
|
1.0
|
5.34
|
171
|
(1)
|
Totals may not sum
due to
rounding.
|
The Whitney mineral resource
estimate is reported using a gold cut-off grade of 3.0 g/t, which
was derived using a gold price of $1,200/oz, operating costs of $96.75/tonne milled, mining dilution of 20% and
process recovery of 95%. There are no mineral reserves reported for
the Whitney property.
GOLD RIVER
The
Gold River gold property is
located approximately 20 kilometres southwest of the city of
Timmins, Ontario. The Gold River
deposit is situated in the western portion of the Archean-age
Abitibi Greenstone Belt, hosted in metasedimentary rocks of the
Porcupine assemblage. Mineralization generally occurs as
steeply-dipping irregular lenses which vary from less than one
metre to locally five metres in width.
The mineral resource estimate for the Gold River deposit, with
an effective date of January 17,
2012, is summarized below:
GOLD RIVER MINERAL
RESOURCES
|
Resource
Classification
|
Tonnes
(M)
|
Gold
(g/t)
|
Gold
(koz)
|
Indicated
|
0.7
|
5.29
|
117
|
Inferred
|
5.3
|
6.06
|
1,028
|
The Gold River mineral resource estimate is reported using a
gold cut-off grade of 2.0 g/t, which was derived using a gold price
of $1,200/oz, operating costs of
$82.00/tonne milled and process
recovery of 85%. A minimum thickness of two metres was used to
constrain the reported mineral resources There are no measured
mineral resources or mineral reserves reported for the Gold River
property.
JUBY
The Juby gold property is located
approximately 15 kilometres southwest of the town of Gowganda, Ontario and about 100 kilometres
southwest of the city of Timmins,
Ontario in the Shining Tree area of northern Ontario.
Gold mineralization is associated with discreet narrow quartz
veins, quartz-carbonate-pyrite veins within broad zones of
ankerite-albite-silica-sericite alteration, and feldspar (± quartz)
porphyry dikes. Structural and stratigraphic contacts and
rheological contrasts appear to be the primary controls of mineral
emplacement.
The mineral resource estimate for the Juby deposit, with an
effective date of February 24, 2014,
is summarized below:
JUBY MINERAL
RESOURCES
|
Resource
Classification
|
Tonnes
(M)
|
Gold
(g/t)
|
Gold
(koz)
|
Indicated
|
26.6
|
1.28
|
1,090
|
Inferred
|
96.2
|
0.94
|
2,909
|
Mineral resources are reported as in situ resources using
a gold cut-off grade of 0.40 g/t. There are no measured mineral
resources or mineral reserves reported for the Juby property.
FENN-GIB
The Fenn-Gib gold property is located
approximately 80 kilometres east of the city of Timmins, Ontario and 21 kilometres east of
Matheson, Ontario. The property is
situated in the southern portion of the Abitibi Subprovince and is
underlain by metavolcanics and metasediments of the Hoyle
Sedimentary Assemblage and Kidd-Munro Volcanic Assemblage. Gold
mineralization is primarily associated with disseminated pyrite in
syenites and basalts in proximity to the fault contact between the
two assemblages.
The mineral resource estimate for the Fenn-Gib deposit, with an
effective date of November 17, 2011,
is summarized below:
FENN-GIB MINERAL
RESOURCES
|
Resource
Classification
|
Tonnes
(M)
|
Gold
(g/t)
|
Gold
(koz)
|
Inside Pit
Shell
|
Indicated
|
40.8
|
0.99
|
1,300
|
|
Inferred
|
23.3
|
0.90
|
670
|
Below Pit
|
Indicated
|
0.04
|
1.89
|
2
|
|
Inferred
|
1.2
|
1.90
|
80
|
All
Material
|
Indicated
|
40.8
|
0.99
|
1,300
|
|
Inferred
|
24.5
|
0.95
|
750
|
(1)
|
Totals may not sum
due to
rounding.
|
Nearly all of the indicated mineral resources and approximately
90% of inferred mineral resources are reported within a
$1,190/oz gold pit shell using a gold
cut-off grade of 0.50 g/t, operating costs of $13.00/tonne ore and process recovery of 85%. The
remaining Indicated and inferred mineral resources which occur
below the pit limits are reported using a gold cut-off grade of 1.5
g/t. There are no measured mineral resources or mineral reserves
reported for the Fenn-Gib property.
MARLHILL
The Marlhill gold deposit is located
within the Company's Bell Creek Mine property in Hoyle Township,
approximately 20 kilometres northeast of the city of Timmins, Ontario. The deposit is situated in
the western part of the Archean-age Southern Abitibi Greenstone
Belt and is hosted in metavolcanic and clastic metasedimentary
rocks. Gold is hosted in quartz veins generally within
magnesium-rich tholeiitic mafic metavolcanics.
The mineral resource estimate for the Marlhill deposit, with an
effective date of March 1, 2011, is
summarized below:
MARLHILL MINERAL
RESOURCES (M1 VEIN)
|
Resource
Classification
|
Tonnes
(M)
|
Gold
(g/t)
|
Gold
(koz)
|
Indicated
|
0.4
|
4.52
|
57
|
Mineral resources are reported as in situ resources using
a gold cut-off grade of 0.2.9 g/t and a minimum width of two
metres. The cut-off grade was determined using a gold price of
$1,125/oz, operating costs of
C$100/tonne and metallurgical
recovery of 90%. There are no measured or inferred mineral
resources or mineral reserves reported for the Marlhill
property.
VOGEL/SCHUMACHER
The Vogel/Schumacher gold property is located Hoyle
Township, approximately 20 kilometres east of the city of
Timmins, Ontario. The deposit is
situated within the Western Abitibi Subprovince, hosted in
Archean-age carbonate-altered greenschist facies metavolcanic and
metasedimentary rocks. Gold mineralization occurs within zones of
quartz veining associated with pyrite and ankerite-albite-sericite
alteration. Mineralized zones vary from less than one metre to in
excess of 20 metres.
The mineral resource estimate for the Vogel/Schumacher deposit, with an effective date of
May 2, 2011, is summarized below:
VOGEL/SCHUMACHER
MINERAL RESOURCES
|
Resource
Classification
|
Tonnes
(M)
|
Gold
(g/t)
|
Gold
(koz)
|
Inside Pit
Shell
|
Indicated
|
2.2
|
1.75
|
125
|
|
Inferred
|
0.7
|
1.43
|
32
|
Below Pit
|
Inferred
|
0.8
|
5.56
|
137
|
All
Material
|
Indicated
|
2.2
|
1.75
|
125
|
|
Inferred
|
1.5
|
3.60
|
169
|
(1)
|
Totals may not sum
due to
rounding.
|
Mineral resources labeled as 'Inside Pit Shell' are those
resources which occur inside an optimized pit shell developed using
a gold price of $1,150/oz, operating
costs of $24.75/tonne and process
recovery of 95%. 'Inside Pit Shell' mineral resources are reported
at a gold cut-off grade of 0.63 g/t. Mineral resources which occur
below the pit shell are reported using a gold cut-off grade of 2.9
g/t. There are no measured mineral resources or mineral reserves
reported for the Vogel/Schumacher
property.
CAUTIONARY NOTE TO INVESTORS IN THE
UNITED STATES REGARDING RESOURCES AND RESERVES
The
mineral resource and mineral reserve estimates contained in this
press release have been prepared in accordance with the
requirements of the securities laws in effect in Canada, which differ from the requirements of
United States securities laws and
use terms that are not recognized by the United States Securities
and Exchange Commission ("SEC"). Canadian reporting requirements
for disclosure of mineral properties are governed by NI 43-101. The
definitions used in NI 43-101 are incorporated by reference from
the CIM Definition Standards adopted by CIM Council on May 10, 2014 (the "CIM Definition Standards").
U.S. reporting requirements are governed by the SEC Industry Guide
7 ("Industry Guide 7") under the United States Securities Act of
1933, as amended. These reporting standards have similar goals in
terms of conveying an appropriate level of confidence in the
disclosures being reported, but embody difference approaches and
definitions. For example, the terms "mineral reserve", "proven
mineral reserve" and "probable mineral reserve" are Canadian mining
terms as defined in in NI 43-101, and these definitions differ from
the definitions in Industry Guide 7. Under Industry Guide 7
standards, a "final" or "bankable" feasibility study is required to
report reserves and the primary environmental analysis or report
must be filed with the appropriate governmental authority. Further,
under Industry Guide 7, mineralization may not be classified as
"reserve" unless the determination has been made that the
mineralization could be economically and legally produced or
extracted at the time the reserve determination is made.
While the terms "mineral resource", "measured mineral resource",
"indicated mineral resource" and "inferred mineral resource" are
defined in and required to be disclosed by NI 43-101, these terms
are not defined terms under Industry Guide 7 and are normally not
permitted to be used in reports and registration statements filed
with the SEC. United States
readers are cautioned not to assume that any part or all of mineral
deposits in these categories will ever be converted into reserves.
In addition, "inferred mineral resources" have a great amount of
uncertainty as to their existence, and great uncertainty as to
their economic and legal feasibility. A significant amount of
exploration must be completed in order to determine whether an
inferred mineral resource may be upgraded to a higher category.
Under Canadian regulations, estimates of Inferred mineral resources
may not form the basis of feasibility or pre-feasibility studies,
except in rare cases. United
States readers are cautioned not to assume that all or any
part of an inferred mineral resource exists or is economically or
legally mineable. Disclosure of "contained ounces" in a resource is
permitted disclosure under Canadian regulations if such disclosure
includes the grade or quality and the quantity for each category of
mineral resource and mineral reserve; however, the SEC normally
only permits issuers to report mineralization that does not
constitute "reserves" by SEC standards as in place tonnage and
grade without reference to unit measures. Accordingly, information
contained in this press release containing descriptions of the
Tahoe's mineral deposits may not be comparable to similar
information made public by United
States companies subject to the reporting and disclosure
requirements under the United
States federal securities laws and the rules and regulations
thereunder.
CAUTIONARY STATEMENT ON FORWARD-LOOKING
INFORMATION
This press 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 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", "guidance",
"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 the following: the price of gold, silver,
copper, lead and zinc, the estimation of mineral reserves and
mineral resources, the realization of mineral reserve estimates,
the timing and amount of estimated future production, costs of
production, capital expenditures and requirements for additional
capital; the expectation of meeting production targets; and the
expected timing of releasing the La Arena II PEA on February 20, 2018.
Forward-looking statements are based on the reasonable
assumptions, estimates, analyses and opinions of management made in
light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that
management believes to be relevant and reasonable in the
circumstances at the date that such statements are made, but which
may prove to be incorrect. Management believes that the assumptions
and expectations reflected in such forward-looking statements are
reasonable. Assumptions have been made regarding, among other
things: the Company's performance and ability to operate and
implement operational improvements at the Escobal, La Arena,
Shahuindo and Timmins Mines; studies
and development efforts on the La Arena II project; the Company's
ability to carry on exploration and development activities,
including land acquisition and construction; the availability and
sufficiency of power and water for operations; the timely receipt
of permits and other approvals; the successful outcomes of
consultations with indigenous populations; the price of silver,
gold and other metals; prices for key mining supplies, including
labor costs and consumables, remaining consistent with the
Company's current expectations; production meeting expectations and
being consistent with estimates; plant, equipment and processes
operating as anticipated; there being no material variations in the
current tax and regulatory environment; the Company's ability to
operate in a safe, efficient and effective manner; the exchange
rates among the Canadian dollar, Guatemalan quetzal, Peruvian sol
and the USD remaining consistent with current levels; the ability
to resolve the protests and road blockages of the Escobal Mine; the
timing and amount of foregone taxes and royalties; the timing and
likelihood of further workforce reductions; the timing and ability
of the Company to resume operations in the event the suspension of
the mining license to Minera San
Rafael for the Escobal Mine is lifted and all licenses,
permits and credentials affecting the operation of the Company's
mines, including the Escobal Mine, are renewed or re-issued and all
roadblocks are resolved, and relationships with the Company's
partners, including employees, vendors and community populations
are maintained or effectively managed; the Company's ability to
obtain financing as and when required and on reasonable terms; and
the Company's ability to continue to comply with the terms of the
credit agreements with its lenders. Readers are cautioned that the
foregoing list is not exhaustive of all factors and assumptions
which may have been used.
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; 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 necessary permits and
licenses; changes in national and local government legislation,
taxation and controls or regulations; environmental and other
governmental regulation compliance; un-appealable judicial
decisions; 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 risks relevant to the Company, see the
Company's Management Discussion & Analysis and Annual
Information Form and Form 40-F, 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.
View original content with
multimedia:http://www.prnewswire.com/news-releases/tahoe-increases-gold-reserves-by-400000-ounces-and-gold-resources-by-34-million-ounces-300599210.html
SOURCE Tahoe Resources Inc.