Guatemalan Supreme Court Confirms Limited Consultation Area And Declines To Act On Export Credential

Tahoe Resources (“Tahoe” or the “Company”) (THO) TAHO, -10.58% announced today that the Guatemalan Supreme Court issued a ruling in response to the Company’s request for clarification regarding the specific geographical areas to be included in the Ministry of Energy and Mines (“MEM”) consultation process under ILO Convention 169.
The Court clarified its decision to limit consultation to the Xinca communities in the four municipalities in the region of the Escobal mine including: Casillas, Nueva Santa Rosa, Mataquescuintla and San Rafael Las Flores.

In addition, the Supreme Court declined to review the Company’s request to order MEM to issue the annual renewal of Escobal’s export credential. The Company is evaluating its legal and administrative options. The Constitutional Court is expected to rule on all appeals of the Supreme Court’s decision on the definitive amparo by the end of the year.

Tahoe continues to focus on reaching a peaceful and expeditious conclusion to the roadblock at Casillas, which is approximately 16 kilometers away from the Escobal Mine in San Rafael Las Flores. The Company is making progress with engaging stakeholders at the Casillas roadblock.
Click here to read the full text release.