• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Silver Market
    Silver News
    Silver Stocks
    • Silver Market
    • Silver News
    • Silver Stocks

    Tahoe Making Good Progress Towards 2014 Goals

    Charlotte McLeod
    Aug. 12, 2014 04:58PM PST
    Silver Investing

    Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) announced its financial results for the second quarter of 2014, also providing a production update for its Guatemala-based Escobal mine.

    Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) announced its financial results for the second quarter of 2014, also providing a production update for its Guatemala-based Escobal mine.

    Its net earnings came to $36.1 million, or $0.25 per share, while its revenue clocked in at $104.7 million.

    Other Q2 highlights include:

    • Operating cash flow before changes in working capital was $58.9 million or $0.40 per share.
    • Silver production amounted to 5.8 million ounces at a total cash cost of $5.65 per ounce and an all-in sustaining cost of $8.04 per ounce produced, net of by-product credits.
    • First half production was 9.9 million silver ounces.
    • Realized price of silver from concentrate sales averaged $20.82 per ounce.
    • Cash and equivalents at quarter-end were $51.5 million.

    CEO Kevin McArthur commented:

    The ramp-up and optimization at Escobal were completed as planned during the second quarter. We are very happy with the outstanding team performance at the Escobal mine, and we continue to make great strides towards accomplishing our 2014 goals. In addition to posting strong operating and financial results for the quarter, we have positioned the Company’s balance sheet to reflect a strong cash balance by year-end.

    Click here to read the full Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) press release.

    kevin mcarthurnyse:tahotsx:thofinancial results
    The Conversation (0)

    Go Deeper

    AI Powered
    Gold nuggets on dark ground.

    Top 5 Junior Gold Mining Stocks on the TSXV in 2025

    Lahontan Gold (TSXV:LG)

    BLM Determines Santa Fe Plan of Operations Complete, Prepares to Enter NEPA

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×