Tahoe Resources: Strike Ends At La Arena Mine
Tahoe Resources Inc. (TSX: THO; NYSE: TAHO) says a labor strike at its La Arena gold mine in Peru has been resolved. The strike began April 20. Tahoe says “it was agreed by all parties that operations at La Arena should resume as soon as possible, as this is in the best interest of all stakeholders.” Tahoe says it anticipates that operations will reach normal levels within the next 48 hours.
By Allen Sykora of Kitco News; firstname.lastname@example.org
Klondex Mines Posts First-Quarter Loss
Friday May 4, 2018 08:25
Klondex Mines Ltd. (TSX: KDX; NYSE American: KLDX) – which has entered into an agreement to be acquired by Hecla Mining Co. (NYSE: HL) -- reports a net loss for the first quarter of $8 million, or 4 cents per share, compared to a loss of $10.2 million, or 6 cents, in the same period a year ago. Klondex says the first-quarter loss was partly due to $3.6 million for costs related to the pending acquisition by Hecla. Excluding this, the company’s adjusted net loss was $5.1 million, or 2 cents per share. First-quarter revenue rose to $56.8 million from $41.7 million in the same period of 2017, boosted by both more ounces sold and a higher gold price, Klondex says. The company mined 49,873 gold-equivalent ounces, with production of 43,525, Klondex says.