- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Silver47 Exploration
Purpose Bitcoin ETF
Jindalee Lithium
Black Swan Graphene
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) announced 2014 production results from its Guatemala-based Escobal mine, also noting that in 2015 it expects to put out 18 to 21 million ounces of silver.
Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) announced 2014 production results from its Guatemala-based Escobal mine, also noting that in 2015 it expects to put out 18 to 21 million ounces of silver.
As quoted in the press release:
The Escobal mine concluded its first year of commercial operations producing 20.3 million ounces (moz) of silver contained in concentrates recovered from 1.246 million tonnes of ore at an average grade of 585 grams per tonne (gpt). Fourth quarter mill throughput averaged 3,474 tonnes per day (tpd) and silver grade averaged 585 gpt resulting in 5.23 moz of silver.
Year-end production was particularly strong, resulting in a December surplus of unsold concentrates, increasing normal inventory by approximately one million silver ounces. This inventory surplus will be sold to customers in the first quarter of 2015.
Kevin McArthur, president and CEO of Tahoe, commented:
Our first year of production started on time and met all of our expectations. We finished the year at the high end of our 2014 production guidance, met our cost goals for the year and are starting the new year with very strong sales in an improving silver-price environment.
Total silver production in 2015 will rely on mid-year completion of the expansion, which remains on track.
Click here to read the full Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â