Tahoe Reports Q3 Output for Escobal and La Arena Mines

Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) released its financial results for the third quarter of 2015, also providing a production update for its operations in Guatemala and Peru.
Q3 highlights are as follows:

• Silver production from Escobal was 5.8 million ounces (moz) in concentrate for the quarter, and 14.9 moz for year to date 2015.
• Gold production from La Arena was 57,415 ounces in doré for the quarter and 117,697 ounces from April 1 to date.
• Total revenue of $145.7 million generated from metal sales at total operating costs of $105.6 million resulted in mine operating earnings of $40.1 million.
• Net earnings for the quarter amounted to $13.3 million or $0.06 per share.
• Operating cash flow before changes in working capital was $53.0 million or $0.23 per share.
• Sales consisted of 5.5 moz of silver, 59,814 ounces of gold, 2,557 tonnes of lead and 2,753 tonnes of zinc.
• Total cash costs net of byproduct credits were $6.75 per silver ounce produced and $548 per gold ounce produced.
• All-in sustaining costs (AISC) net of byproduct credits were $9.72 per silver ounce produced and $729 per gold ounce produced.
• $13.6 million was returned to shareholders through monthly dividends during the quarter, and a total of $36.1 million year to date.
• Cash and cash equivalents at quarter-end were $110.6 million.
• The Company reconfirms its production guidance for the year released April 13, 2015.

Kevin McArthur, executive chair of Tahoe, commented:

Both Escobal and La Arena continue to produce at very low operating costs.  addition, we set a new quarterly production record of 5.8 million ounces of silver at Escobal, while achieving record revenues of $145.7 million, and we nearly broke the prior cash flow record, despite lower metals prices. Our balance sheet remains very strong and the construction at Shahuindo is on track for the first gold pour in early 2016.

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