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Tahoe: Escobal Silver Guidance Unaffected By Road Blockade

Kitco News

Tahoe Resources Inc. (TSX: THO, NYSE: TAHO) says that a road blockage by protestors near its Escobal silver mine in Guatemala has not affected output guidance for the year. The company reports that a group of protestors near Casillas has been blocking the primary road that connects Guatemala City to Escobal. Protests appear to be related to a variety of issues, including what the company says are “unfounded claims” that mining at Escobal is causing seismic activity more than 20 kilometers away. Tahoe says shipments and supplies have been delayed, but financial performance should be unaffected. "I want to assure shareholders that the roadblock has not affected our guidance for the year,” says Ron Clayton, president and chief executive officer of Tahoe Resources. “Our operations are performing well and we anticipate that our performance at mid-year will be well within expectations relative to our guidance. However, the delay affects our partner communities and former land owners as well as our employees and suppliers since royalties, wages and fees may be delayed as a result. We are working diligently to engage government and community leaders to resolve the situation." Tahoe’s website describes Escobal as one of the largest silver mines in the world, with 2016 output of 21.2 million ounces of concentrate.

By Allen Sykora of Kitco News; asykora@kitco.com

 

Kirkland Lake Gold Announces Management Appointments

Monday June 19, 2017 09:15

Kirkland Lake Gold Ltd. (TSX: KL) announces several appointments on its management team. Pierre Rocque has been named vice president of Canadian operations, while Ian Holland becomes vice president of Australian operations. Mark Utting has been appointed vice president for investor relations, and Brian Hagan has been named vice president for health, safety and the environment. “Both Pierre and Ian are bringing extensive experience and expertise to their new roles and are integrally familiar with our Canadian and Australian operations, respectively,” says Tony Makuch, president and chief executive officer. Kirkland Lake Gold Ltd. is a mid-tier gold producer targeting 530,000 to 570,000 ounces in Canada and Australia. 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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