Tahoe Resources forced to halt Escobal mine in Guatemala

ArticleMiningAugust 14, 2017 - 9:44:14 AM

Tahoe Resources Inc., whose flagship Guatemalan mine has been suspended, is taking steps to cut costs, including possibly slowing an expansion of a project in Peru and trimming exploration.

Shares in Latin America-focused Tahoe Resources (TSX:THO)(NYSE:TAHO ) were down 28% in Toronto and more than 33% in early trading in New York, after the company disclosed late Wednesday that Guatemala's Supreme Court had suspended the license for its flagship Escobal operation, the world's third largest silver mine.

Source : Mining.com

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