|Bid||4.90 x 0|
|Ask||4.93 x 0|
|Day's Range||4.9000 - 5.1100|
|52 Week Range||2.8800 - 7.2700|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 20, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.23|
Tahoe Resources Inc. (“Tahoe”) (THO.TO) (TAHO) is pleased to announce that earlier today the Mexican Federal Economic Competition Commission approved the proposed transaction (the “Arrangement”) whereby Pan American Silver Corp. (“Pan American”) will acquire all of the issued and outstanding shares of Tahoe. All required regulatory, shareholder and court approvals have been received at this time and the Arrangement is anticipated to be completed on or about February 22, 2019. Tahoe Resources is a mid-tier precious metals company with a diverse portfolio of mines and projects in Canada, Guatemala and Peru.
Which Gold Stocks Are Looking Attractive in 2019?(Continued from Prior Part)Lowest valuation multiple Of all the major silver stocks (SIL), Pan American Silver Resources (PAAS) is trading at the lowest forward EV-to-EBITDA (enterprise
Which Gold Stocks Are Looking Attractive in 2019?Changing gold sector landscapeThe consolidation in the gold sector (GDX) (GLD) has already taken a major step up, with two of the largest miners announcing mergers. The world’s economically
Could the Newmont-Goldcorp Merger Form ‘The Go-To Gold Equity’?Consolidation in the gold sectorMany gold sector (GLD) veterans have long been expecting consolidation in the gold sector (GDX). The world’s economically accessible reserves are
Tahoe Resources Inc. (“Tahoe”) (THO.TO) (TAHO) is pleased to announce that earlier today the Supreme Court of British Columbia issued its final order approving the proposed transaction (the “Arrangement”) whereby Pan American Silver Corp. (“Pan American”) will acquire all of the issued and outstanding shares of Tahoe. Both Tahoe and Pan American shareholders approved the Arrangement at their respective special meetings held earlier this week. Subject to the satisfaction or waiver of all conditions precedent to the Arrangement, including receipt of approval from the Mexican Federal Economic Competition Commission, the Arrangement is anticipated to be completed on or about February 26, 2019.
Pan American Silver Corp's $1.07 billion cash-and-stock offer to buy rival Tahoe Resources Inc was approved by shareholders of both companies on Tuesday, putting responsibility for Guatemala's troubled Escobal mine in the hands of a new owner. Pan American believes it can eventually re-open Escobal, the world's second-largest silver mine, succeeding where Tahoe has so far failed. Vancouver-based Pan American plans to meet frequently with local communities in Guatemala to understand their concerns about the mine and try to find common ground, Chief Executive Michael Steinmann said in an interview.
NYSE: TAHO) is pleased to announce that at the special meeting of Tahoe shareholders (the “Special Meeting”) held earlier today, the shareholders of Tahoe overwhelmingly voted in favour of the proposed transaction (the “Arrangement”) whereby Pan American Silver (“Pan American”) will acquire all of the issued and outstanding shares of Tahoe (the “Common Shares”).
Is Tahoe Resources Inc (NYSE:TAHO) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk […]
NYSE: TAHO) is pleased to announce that both Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that Tahoe shareholders vote in favour of the proposed plan of arrangement (the “Arrangement”) with Pan American Silver Corp. (“Pan American”). ISS and Glass Lewis are two leading independent proxy advisory firms who make voting recommendations to their subscribers, including institutional investors.
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”).
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.
Stocks that moved substantially or traded heavily Wednesday: PG&E Corp., down $7.13 to $25.59 People who lost their homes in California's deadliest and most destructive wildfire sued the utility for negligence ...
Pan American Silver Corp. (PAAS) announced today that it has agreed to buy Tahoe Resources (TAHO) in a $1.07 billion cash and stock deal. Pan American will offer $3.4 in cash or 0.2403 Pan American shares for each Tahoe share. PAAS will, however, offer a maximum cash consideration of $275 million and a maximum 56 million issued shares, totaling $1.067 billion. This consideration represents a 34.9% premium to Tahoe’s share volume over the previous 20 days. After the close of the transaction, PAAS will own ~68% while TAHO will own 32% of the combined company.
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.
Market volatility drove investors towards gold last month, leaving the shares of miners more exposed to copper and silver in the dust.