|Bid||3.69 x 0|
|Ask||3.70 x 0|
|Day's Range||3.67 - 3.81|
|52 Week Range||3.36 - 7.27|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.05|
In 2018 so far, silver prices have significantly underperformed gold prices. As of September 13, while the SPDR Gold Shares ETF (GLD), which tracks gold prices, has fallen by 8.0%, the iShares Silver Trust ETF (SLV), which tracks silver prices, has fallen more than double that at 16.5%. Because silver typically acts as a leveraged play on gold prices, it usually follows gold but with greater intensity.
Tahoe Resources (TAHO) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
Jim Voorhees, Tahoe Resources President and Chief Executive Officer, commented: “While we are disappointed that the Constitutional Court has made the decision to maintain the suspension of the Escobal mining license during the court ordered ILO 169 consultation process, we are pleased that a resolution has finally been reached after a prolonged period of inaction in the legal system. The final resolution provides a comprehensive path forward for the Ministry of Energy and Mines (MEM) to conduct the ILO 169 consultation as well as the specific requirements of each of the parties involved.
Tahoe Resources Inc. has restarted its La Arena gold mine in Peru following an agreement to end a protest and begin a formal dialogue to resolve complaints raised by members of the community of La Ramada. The Vancouver-based metals miner said Friday talks between Tahoe Peru and protesters would be hosted by the government's mines ministry. Work at the mine had been suspended for eight days starting on Aug. 30 due to protests by an estimated 80 to 100 people from La Ramada.
Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) announces a restart of mining operations following an agreement to end the protest at its La Arena mine in Peru. In the evening of September 6, 2018, the protestors from the community of La Ramada signed an agreement to participate in a formal dialogue table with Tahoe Peru to be hosted by the Ministry of Energy and Mines (MEM), which will begin today. Following the formal agreement, the protestors left Tahoe’s property and operations successfully restarted with the overnight shift.
Guatemala's highest court on Monday confirmed the suspension of mining operations at the San Rafael unit of miner Tahoe Resources Inc. (TAHO.N), and ordered the government to carry out an immediate consultation of the local indigenous population. The Constitutional Court upheld the suspension of licenses at Tahoe's Escobal mine, one of the world's biggest silver mines, and at the company's smaller Juan Bosco mine. The licenses for the two mines were suspended in July 2017 after an anti-mining group alleged that the energy and mining ministry had not consulted with the Xinca indigenous people before awarding the license to Tahoe.
Canada's Tahoe Resources Inc said on Friday it had temporarily suspended mining operations at its La Arena gold mine in Peru after protesters trespassed on its property and demanded payment for environmental impacts of mining on their community. Tahoe said it filed charges of illegal trespass against leaders of the protest, which included 80 to 100 people from the community of La Ramada, some three kilometers (1.86 miles) from the mine. The protest followed recent meetings between the company and some La Ramada residents who say they want compensation for unspecified damage caused by dust and vibrations from blasting at the mine, Tahoe said in a statement.
Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) reports that a group ranging from between 80-100 people from the nearby community of La Ramada, located about three kilometers to the southwest of the La Arena mine, has illegally trespassed onto the Company’s property, disrupted mining operations and demanded payment for the alleged impacts of mining operations to their community. This protest is in response to recent meetings the Company has held with certain La Ramada residents who are demanding monetary compensation for the alleged impacts of dust and vibrations from blasting activities to their community.
The company said in a statement that its preliminary investigation showed that five holes had been dug on top of a pipeline carrying a solution of gold and cyanide and bags of carbon were placed on the holes to steal gold from the solution. Tahoe Resources said it reported the incident to the Agency for Environmental Assessment and Control (OEFA), the Ministry of Energy and Mines (MEM), the police and the public prosecutor.
Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) reports a discharge of pregnant solution at its La Arena mine in Peru. Earlier this morning, La Arena employees discovered five significant holes were cut into the top of the pregnant solution pipeline which transfers solution from leach pad 4B to the pregnant solution pond. The pipeline runs across an inactive leach pad which is covered with a raincoat to prevent fresh storm water from mixing with process solutions.
Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) regrets to announce that twelve of Minera San Rafael’s unarmed security contract workers were attacked and kidnapped late in the evening of Friday, August 24, 2018. The private contractors were unarmed and remained peaceful during the entire period. After several hours of being abducted, injured and held at gun point, the contractors were eventually released and escorted by the Guatemalan Civil National Police (PNC) back to Jalapa where they were treated for their injuries and trauma.
Tahoe Resources Inc. (“Tahoe” or the “Company”) (THO.TO) (TAHO) regrets to announce a further reduction to Minera San Rafael’s workforce at its Escobal Mine in Guatemala. The Guatemalan Constitutional Court heard the appeals of the Supreme Court’s decision to reinstate the Escobal mining license on October 25, 2017. According to Guatemalan law, the Constitutional Court must rule within five calendar days of the public hearing.
Tahoe Resources Inc. today announced financial and operating results for the second quarter and first half ended June 30, 2018. The Company produced 102.6 thousand ounces of gold during the quarter at total cash costs and all-in sustaining costs of $708 and $1,060 per ounce, respectively.
LONDON, UK / ACCESSWIRE / July 18, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges’ equities from the Metals & Mining industry: Tahoe Resources, OceanaGold, Cameco, and New Gold. The TSX Venture Exchange shaved off 2.52 points, or 0.35%, to finish at 713.11. Today’s stocks of interest consist of: Tahoe Resources Inc. (TSX: THO), OceanaGold Corporation (TSX: OGC), Cameco Corporation (TSX: CCO), and New Gold Inc. (TSX: NGD).
YTD (year-to-date), Tahoe Resources (TAHO) has risen 3.5%. Among the silver miners we are covering in this series, Tahoe’s percentage of “buy” ratings are only better than Hecla Mining (HL). On July 5, 2017, the government of Guatemala decided to revoke Tahoe Resources’ permit to operate its Escobal mine.
As of June 26, the SPDR Gold Shares ETF (GLD), which tracks gold prices, has fallen 3%. During that same period, the iShares Silver Trust ETF (SLV), which tracks silver prices, has fallen 3.9%. Because silver typically acts as a leveraged play on gold prices, it usually follows gold but with greater intensity.
Tahoe Resources Inc. plans to release its second quarter and first half 2018 financial and operating results on Wednesday, August 1, 2018, after the market close.