|Bid||4.85 x 0|
|Ask||4.86 x 0|
|Day's Range||4.8000 - 4.9100|
|52 Week Range||2.8800 - 7.2700|
|Beta (3Y Monthly)||1.92|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 20, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.21|
NYSE: TAHO) announced today that it has filed and mailed materials for the special meeting of Tahoe shareholders (the “Special Meeting”) to be held in connection with the proposed plan of arrangement with Pan American Silver Corp. (“Pan American”), as previously announced on November 14, 2018. At the Special Meeting, Tahoe shareholders will be asked to consider and vote upon a proposed plan of arrangement (the “Arrangement”).
The latest news indicates that now is the time to acquire Pan American Silver Corp. (TSX:PAAS)(NASDAQ:PAAS).
TORONTO and LONDON, ON, Nov. 19, 2018 /CNW/ - Siskinds LLP today announced the filing of a proposed securities class action against Tahoe Resources Inc. (Tahoe) and its former CEO and director, Ronald W. Clayton, in Toronto, Ontario (Action). The press release concerned the commencement of an action against the Guatemalan Ministry of Energy and Mines (MEM) by Centro de Acción Legal Ambiental y Social de Guatemala (CALAS), in the Supreme Court of Guatemala. It is alleged that the May 24, 2017 press release did not provide adequate disclosure about the CALAS proceeding.
Wheaton Precious Metals Corp. (TSX:WPM)(NYSE:WPM) is an attractively valued play on gold and silver.
Pan American Silver Corp said Wednesday it has agreed to buy Tahoe Resources Inc in a $1.07 billion cash and stock deal that would create a top global silver miner but also include some troublesome assets. ...
Pan American Silver Corp. (PAAS) announced today that it has agreed to buy Tahoe Resources (TAHO) in a $1.07 billion cash and stock deal. Pan American will offer $3.4 in cash or 0.2403 Pan American shares for each Tahoe share. PAAS will, however, offer a maximum cash consideration of $275 million and a maximum 56 million issued shares, totaling $1.067 billion. This consideration represents a 34.9% premium to Tahoe’s share volume over the previous 20 days. After the close of the transaction, PAAS will own ~68% while TAHO will own 32% of the combined company.
The troubled precious metal miner is being acquired by Pan American Silver, but investors are sending the acquirer's shares down more than double digits on the news.
The company has been struggling in the past year as silver declined and its efforts to restart its flagship Escobal silver mine in Guatemala dragged on amid a dispute over indigenous rights. The Pan American purchase agreement offers Tahoe shareholders a combination of cash and stock as well as “contingent value rights,” which would kick in following the restart of Escobal, according to a joint statement from the companies Wednesday. “Where the market sits right now it’s the right time to do deals,” Pan American Chief Executive Officer Michael Steinmann said during a conference call to discuss the agreement.
Pan American Silver Corp. (PAAS) (PAAS.TO) ("Pan American" or the "Company") and Tahoe Resources Inc. (TAHO) (THO.TO) ("Tahoe") today announced that they have entered into a definitive agreement for Pan American to acquire all of the outstanding shares of Tahoe pursuant to a plan of arrangement (the "Transaction"), creating the world's premier silver mining company. Shareholders of Tahoe will be entitled to elect to receive common shares of Pan American and/or cash in exchange for their shares of Tahoe. Additional consideration will be in the form of the right to a contingent payment in common shares of Pan American tied to the restart of the Escobal mine in Guatemala.
VANCOUVER, Nov. 14, 2018 /CNW/ - Pan American Silver Corp. (NASDAQ:PAAS - News) (TSX:PAAS.TO - News) ("Pan American") or the "Company") and Tahoe Resources Inc. (NYSE:TAHO - News) (TSX:THO.TO - News) ("Tahoe") today announced that they have entered into a definitive agreement for Pan American to acquire all of the outstanding shares of Tahoe pursuant to a plan of arrangement (the "Transaction"), creating the world's premier silver mining company. Shareholders of Tahoe will be entitled to elect to receive common shares of Pan American and/or cash in exchange for their shares of Tahoe. Additional consideration will be in the form of the right to a contingent payment in common shares of Pan American tied to the restart of the Escobal mine in Guatemala.
Market volatility drove investors towards gold last month, leaving the shares of miners more exposed to copper and silver in the dust.
As Positive Catalysts for Gold Emerge, Which Miners May Benefit? Its stock price, analysts’ estimates, and its multiple took a severe hit after the Guatemalan government’s decision to suspend its Escobal mine license in July 2017. Next comes Hecla Mining (HL) with a multiple of 5.8x, representing a discount of 4.5% to its peers.
Tahoe Resources Inc. (“Tahoe” or the “Company”) (THO.TO) (TAHO) is pleased to report that yesterday the Guatemalan Constitutional Court responded to the requested clarifications regarding the Court’s final resolution on the Escobal mining license, dated September 3, 2018. With this action, the Court’s resolution is now final. There is an administrative period during which the resolution will be sent to the Supreme Court and then to the Ministry of Energy and Mines (“MEM”).
The July 2017 idling of the Escobal silver mine in southeastern Guatemala displaced more than 850 workers and endangered the livelihoods of thousands more whose jobs are indirectly supported by the project. The loss of family income has harmed communities in the municipality of San Rafael Las Flores and in some cases sent the unemployed north to look for work in the U.S. This is a man-made travesty, courtesy of Guatemala’s Constitutional Court.
Tahoe Resources Inc. plans to release its third quarter 2018 financial and operating results on Tuesday, November 6, 2018 after the market close. On Wednesday, November 7, 2018 at 10:00am ET, Tahoe will hold a conference call and webcast to discuss the results.
Tahoe Resources Inc. (TSX:THO)(NYSE:TAHO) continues to struggle to recommence operations at its Escobal mine.
How Do Analysts Rate Silver Miners? Its stock price, analysts’ estimates, and its multiple took a severe hit after the Guatemalan government’s decision to suspend its Escobal mine license in July 2017. A favorable resolution could lead to the re-rating of the stock.
How Do Analysts Rate Silver Miners? YTD (year-to-date), Tahoe Resources (TAHO) has had the worst performance of all silver miners with losses of 44%. Among the silver miners we are covering in this series, Tahoe has the lowest percentage of “buy” ratings.