3.62 -0.01 (-0.28%)
After hours: 4:03PM EST
|Bid||3.62 x 38500|
|Ask||3.61 x 40000|
|Day's Range||3.5900 - 3.7000|
|52 Week Range||2.1700 - 5.6300|
|Beta (3Y Monthly)||-0.06|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.69|
NYSE: TAHO) announced today that it has filed and mailed materials for the special meeting of Tahoe shareholders (the “Special Meeting”) to be held in connection with the proposed plan of arrangement with Pan American Silver Corp. (“Pan American”), as previously announced on November 14, 2018. At the Special Meeting, Tahoe shareholders will be asked to consider and vote upon a proposed plan of arrangement (the “Arrangement”).
Ivan Glasenberg, chief executive of mining giant Glencore Plc (GLEN.L) since 2002, said last month he would retire over the next three to five years, sparking speculation about which of his industry peers could be next to go. At least one other global mining giant has approached rival executives about their interest in moving, according to two sources. The CEOs of Freeport McMoRan Inc (FCX.N), Teck Resources Ltd (TECKb.TO), Agnico Eagle Mines Ltd (AEM.TO) and Southern Copper Corp (SCCO.N) have been in their roles for more than 10 years, eclipsing the industry average of seven years.
TORONTO and LONDON, ON , Nov. 19, 2018 /CNW/ - Siskinds LLP today announced the filing of a proposed securities class action against Tahoe Resources Inc. (Tahoe) and its former CEO and director, Ronald W. Clayton , in Toronto, Ontario (Action). The press release concerned the commencement of an action against the Guatemalan Ministry of Energy and Mines (MEM) by Centro de Acción Legal Ambiental y Social de Guatemala (CALAS), in the Supreme Court of Guatemala . It is alleged that the May 24, 2017 press release did not provide adequate disclosure about the CALAS proceeding.
The troubled precious metal miner is being acquired by Pan American Silver, but investors are sending the acquirer's shares down more than double digits on the news.
Shares of the Vancouver-based Pan American Silver slipped nearly 11%. The deal will create the largest publicly traded silver mining company by free float, Pan American said in a statement, and the world's largest silver reserve base and silver measured and indicated resource base. Tahoe shareholders may elect to receive $3.40 in cash or 0.2403 a Pan American share for each Tahoe share held, the company said.
Pan American Silver Corp said on Wednesday it agreed to buy miner Tahoe Resources Inc for $1.07 billion in cash and stock, creating one of the world's top silver mining companies. Pan American shareholders will own about three-fourths of the combined company, with Tahoe shareholders owning the rest in the combined company, Pan American said. Tahoe shareholders may elect to receive $3.40 in cash or 0.2403 Pan American share for each Tahoe share held, the company said.
Pan American Silver Corp. (PAAS) (PAAS.TO) ("Pan American" or the "Company") and Tahoe Resources Inc. (TAHO) (THO.TO) ("Tahoe") today announced that they have entered into a definitive agreement for Pan American to acquire all of the outstanding shares of Tahoe pursuant to a plan of arrangement (the "Transaction"), creating the world's premier silver mining company. Shareholders of Tahoe will be entitled to elect to receive common shares of Pan American and/or cash in exchange for their shares of Tahoe. Additional consideration will be in the form of the right to a contingent payment in common shares of Pan American tied to the restart of the Escobal mine in Guatemala.
VANCOUVER , Nov. 14, 2018 /CNW/ - Pan American Silver Corp. (PAAS) (PAAS.TO) ("Pan American") or the "Company") and Tahoe Resources Inc. (TAHO) (THO.TO) ("Tahoe") today announced that they have entered into a definitive agreement for Pan American to acquire all of the outstanding shares of Tahoe pursuant to a plan of arrangement (the "Transaction"), creating the world's premier silver mining company. Shareholders of Tahoe will be entitled to elect to receive common shares of Pan American and/or cash in exchange for their shares of Tahoe. Additional consideration will be in the form of the right to a contingent payment in common shares of Pan American tied to the restart of the Escobal mine in Guatemala .
NEW YORK, Nov. 09, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Tahoe Resources Inc said on Wednesday its Escobal silver mine in Guatemala could restart by December 2019, based on the timing of the company's plan to take a $170 million impairment charge related to the mine's closure. Escobal, the world's second largest silver mine, has been mothballed since last year after officials suspended Tahoe's license to operate, part of a long-simmering feud with the Xinca indigenous population. If the mine opens earlier than next December, Tahoe would shrink the size of the impairment charge, which was announced on Tuesday evening as the company posted a quarterly loss that was less then Wall Street expected.
On a per-share basis, the Reno, Nevada-based company said it had a loss of 61 cents. Losses, adjusted for asset impairment costs and non-recurring costs, came to 6 cents per share. The results matched ...
Tahoe Resources Inc posted a quarterly loss on Tuesday that was less then Wall Street expected although it widened from a year earlier, while the gold and silver miner predicted that its production for the year would be at the low end of guidance. Tahoe Chief Executive Jim Voorhees said in a statement on Tuesday that the first stage of the consultation is nearly complete, which would allow the second stage to begin. The company expects 2018 gold production to come in at the low end of its guidance of 400,000 to 475,000 ounces.
Tahoe Resources Inc said on Tuesday its quarterly loss grew as it spent heavily to mothball operations at its Escobal silver mine in Guatemala, where officials have suspended the miner's license to operate. ...
A years-long fight over the future of the world's second largest silver mine between Tahoe Resources Inc and opponents of the project shows no signs of abating, creating uncertainty for the U.S. miner and its investors. With environmental and indigenous opponents of Tahoe's Escobal mine vowing it will never again produce silver, the tension is top of mind for Wall Street, and analysts expect the company to post its fifth consecutive quarterly loss on Tuesday. Guatemala's Supreme Court suspended Tahoe's license to operate Escobal last year, ruling for an anti-mining organization that accused the country's Ministry of Energy and Mines of failing to properly consult surrounding Xinca indigenous communities about the project.
NEW YORK, Oct. 15, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Tahoe Resources Inc. (“Tahoe” or the “Company”) (THO.TO) (TAHO) is pleased to report that yesterday the Guatemalan Constitutional Court responded to the requested clarifications regarding the Court’s final resolution on the Escobal mining license, dated September 3, 2018. With this action, the Court’s resolution is now final. There is an administrative period during which the resolution will be sent to the Supreme Court and then to the Ministry of Energy and Mines (“MEM”).
The July 2017 idling of the Escobal silver mine in southeastern Guatemala displaced more than 850 workers and endangered the livelihoods of thousands more whose jobs are indirectly supported by the project. The loss of family income has harmed communities in the municipality of San Rafael Las Flores and in some cases sent the unemployed north to look for work in the U.S. This is a man-made travesty, courtesy of Guatemala’s Constitutional Court.
Tahoe Resources Inc. plans to release its third quarter 2018 financial and operating results on Tuesday, November 6, 2018 after the market close. On Wednesday, November 7, 2018 at 10:00am ET, Tahoe will hold a conference call and webcast to discuss the results.
Tahoe Resources (TAHO) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.