Friday, August 25, 2017

Tahoe Resources Inc. - THO.t

Tahoe Resources Inc. - THO.t operates the Escobal project, a high-grade silver discovery located about 70 km southeast of Guatemala City, the La Arena and Shahuindo gold mines in Peru and the Timmins West and Bell Creek gold mines in Canada.

On August 25, 2017 the company released News
Tahoe Resources Inc. has learned through unconfirmed sources that the Guatemalan Constitutional Court issued a decision upholding the lower court's preliminary decision to provisionally suspend the mining licence of Tahoe's Guatemalan subsidiary, Minera San Rafael (MSR). This decision responds to an appeal filed by Minera San Rafael in an action brought by the anti-mining organization, CALAS, against Guatemala's Ministry of Energy and Mines (MEM) in May. CALAS alleged that MEM violated the Xinca indigenous people's right to consultation in advance of granting the Escobal mining licence to MSR. The Constitutional Court decision upholds the lower court's preliminary decision to temporarily suspend the licence to operate the Escobal mine until the definitive constitutional claim is heard on the merits, which hearing is scheduled for Aug. 28.