|Bid||3.52 x 0|
|Ask||3.57 x 0|
|Day's Range||3.50 - 3.65|
|52 Week Range||3.36 - 7.27|
|Beta (3Y Monthly)||1.60|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.68|
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.
How Do Analysts Rate Silver Miners? Its stock price, analysts’ estimates, and its multiple took a severe hit after the Guatemalan government’s decision to suspend its Escobal mine license in July 2017. A favorable resolution could lead to the re-rating of the stock.
How Do Analysts Rate Silver Miners? YTD (year-to-date), Tahoe Resources (TAHO) has had the worst performance of all silver miners with losses of 44%. Among the silver miners we are covering in this series, Tahoe has the lowest percentage of “buy” ratings.
How Do Analysts Rate Silver Miners? Of the silver miners (SIL) we’re covering in this series, Hecla Mining (HL) has a higher percentage of “buy” ratings only in comparison to Tahoe Resources (TAHO). Only 42% of analysts are recommending a “buy” for the stock.
How Do Analysts Rate Silver Miners? Pan American Silver (PAAS) stock has outperformed peers as well as silver prices YTD. As of September 14, it has fallen 6.9% compared to falls of 17.3% and 27.7% for the iShares Silver Trust (SLV) and the Global X Silver Miners ETF (SIL), respectively.
In 2018 so far, silver prices have significantly underperformed gold prices. As of September 13, while the SPDR Gold Shares ETF (GLD), which tracks gold prices, has fallen by 8.0%, the iShares Silver Trust ETF (SLV), which tracks silver prices, has fallen more than double that at 16.5%. Because silver typically acts as a leveraged play on gold prices, it usually follows gold but with greater intensity.
Tahoe Resources (TAHO) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
The Guatemalan unit of U.S. miner Tahoe Resources Inc laid off an additional 169 workers on Monday, two weeks after the country's top court kept in place a more than 14-month suspension of operations at the company's Escobal silver mine. The layoffs at Minera San Rafael, Tahoe's local unit, now total 872 employees since the company's property was forced to halt operations last year after a Guatemalan court suspended the licenses. An environmental organization filed an appeal alleging that the country's Ministry of Energy and Mines did not consult with the Xinca indigenous people before awarding the Escobal mining license to Tahoe.
Tahoe Resources Inc will work closely with Guatemalan officials and locals to resolve a dispute and resume operations at its flagship Escobal silver mine, one of the world's largest, Chief Executive Jim Voorhees said on Monday. Guatemala's Constitutional Court last week upheld the suspension of licenses at Escobal mine. The country's Supreme Court suspended the licenses in July last year after an anti-mining organization appealed against the country's Ministry of Energy and Mines.
Jim Voorhees, Tahoe Resources President and Chief Executive Officer, commented: “While we are disappointed that the Constitutional Court has made the decision to maintain the suspension of the Escobal mining license during the court ordered ILO 169 consultation process, we are pleased that a resolution has finally been reached after a prolonged period of inaction in the legal system. The final resolution provides a comprehensive path forward for the Ministry of Energy and Mines (MEM) to conduct the ILO 169 consultation as well as the specific requirements of each of the parties involved.
Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) announces a restart of mining operations following an agreement to end the protest at its La Arena mine in Peru. In the evening of September 6, 2018, the protestors from the community of La Ramada signed an agreement to participate in a formal dialogue table with Tahoe Peru to be hosted by the Ministry of Energy and Mines (MEM), which will begin today. Following the formal agreement, the protestors left Tahoe’s property and operations successfully restarted with the overnight shift.
Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) reports that a group ranging from between 80-100 people from the nearby community of La Ramada, located about three kilometers to the southwest of the La Arena mine, has illegally trespassed onto the Company’s property, disrupted mining operations and demanded payment for the alleged impacts of mining operations to their community. This protest is in response to recent meetings the Company has held with certain La Ramada residents who are demanding monetary compensation for the alleged impacts of dust and vibrations from blasting activities to their community.
Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) reports a discharge of pregnant solution at its La Arena mine in Peru. Earlier this morning, La Arena employees discovered five significant holes were cut into the top of the pregnant solution pipeline which transfers solution from leach pad 4B to the pregnant solution pond. The pipeline runs across an inactive leach pad which is covered with a raincoat to prevent fresh storm water from mixing with process solutions.
Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) regrets to announce that twelve of Minera San Rafael’s unarmed security contract workers were attacked and kidnapped late in the evening of Friday, August 24, 2018. The private contractors were unarmed and remained peaceful during the entire period. After several hours of being abducted, injured and held at gun point, the contractors were eventually released and escorted by the Guatemalan Civil National Police (PNC) back to Jalapa where they were treated for their injuries and trauma.
Tahoe Resources Inc. (“Tahoe” or the “Company”) (THO.TO) (TAHO) regrets to announce a further reduction to Minera San Rafael’s workforce at its Escobal Mine in Guatemala. The Guatemalan Constitutional Court heard the appeals of the Supreme Court’s decision to reinstate the Escobal mining license on October 25, 2017. According to Guatemalan law, the Constitutional Court must rule within five calendar days of the public hearing.
The Reno, Nevada-based company said it had a loss of 5 cents per share. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was ...
Gold and silver miner Tahoe Resources Inc posted a quarterly loss on Wednesday that narrowly fell short of Wall Street's expectations, the result of a Guatemala mine dispute that shows now signs of abating. By that measure, analysts expected a loss of 4 cents per share, according to Thomson Reuters I/B/E/S. Tahoe's flagship Escobal silver mine in Guatemala has been effectively mothballed since last year as part of a long-simmering dispute with the country's leadership.