Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO, NYSE:TAHO) today announced solid financial and operating results for the second quarter and six months ended June 30, 2017. Due to the temporary suspension of the Escobal mining license, the Company has ceased dividend payments, and has suspended company-wide multi-year guidance. The Company’s balance sheet remains strong, with cash and cash equivalents of $190.6 million at June 30, 2017.
Ron Clayton, President and CEO of Tahoe, commented:
“While the turn of events in Guatemala over the last several weeks is disappointing, our team is working very hard to resolve both the Escobal license suspension and on-going road block in Casillas. I am very pleased with our overall Q2 performance, with all of our operations turning in good results.
Silver production was 4.1 million ounces for the quarter and when combined with Q1 results, puts us at almost 10 million ounces year-to-date. Per ounce metrics remained strong at Escobal, even with the mill curtailing production during a portion of June due to the road blockages. We also continue to be pleased with the results from all of our gold mines, with each operation’s production and costs coming in at, or better than, expected levels.”