Tahoe Reports Pregnant Solution Discharge at La Arena; Discharge Now Contained
29 Agosto 2018 - 11:51PM
Business Wire
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. The same
raincoat also covers the pregnant solution pipeline running from
pad 4B.
Based on a preliminary internal investigation, the Company
believes that in an apparent theft attempt, holes were cut into the
top of the pipeline in order to place bags of carbon inside of the
pipeline to absorb gold from the solution. One of the bags of
carbon blocked the pipeline and the solution sprayed from the hole
onto the top of the raincoat sitting above the pipeline.
Subsequently, the solution flowed across the raincoat into a storm
water collection pond designed to discharge clean water into the
Sayapampa Creek, which runs through part of our property. Based on
the Company’s initial investigation, it is estimated that around
600 cubic meters of pregnant solution may have flowed into the
Sayapampa Creek via the storm water management system.
Upon identification of the discharge, the Company immediately
initiated our emergency response protocols including conducting
extensive inspections of the surrounding areas from the operation
and assessing the potential impacts to the communities and
environment downstream.
The Company reported the incident to the Agency for
Environmental Assessment and Control (OEFA), the Ministry of Energy
and Mines (MEM), the police and the public prosecutor. The police
and OEFA are both expected on site today to conduct their
respective investigations. The surrounding communities have also
been notified.
Given that the impacted pipeline is a gravity-flow line and the
holes are at the top of the pipeline, the Company is able to safely
maintain solution flow from pad 4B without leakage into the storm
water management system now that the obstruction has been removed.
The Company expects that the damage to the raincoat and pipeline
will be repaired over the next several days, once all relevant
authorities have conducted their initial investigations. Equally
important, the Company is already in the process of addressing the
contamination to the storm water management system. As a result,
the Company does not anticipate a material impact to production at
this time.
A full internal investigation and review of security procedures
will be conducted in order to avoid and prevent future incidents.
Tahoe holds itself accountable for ensuring safe operations for our
environment and our communities and we expect all of our employees
and partners alike to operate to the highest standards.
About Tahoe Resources Inc.
Tahoe Resources is a mid-tier precious metals company with a
diverse portfolio of mines and projects in Canada, Guatemala and
Peru. Tahoe is led by experienced mining professionals dedicated to
creating sustainable value for all of its stakeholders through
responsible mining. The company is listed on the TSX (“THO”) and
NYSE (“TAHO”) and is a member of the S&P/TSX Composite, the TSX
Global Mining indices and the Russell 2000 on the NYSE.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This press release contains “forward-looking information”
“forward-looking information” within the meaning of Section 27A of
the United States Securities Act of 1933, as amended, Section 21E
of the US Exchange Act, the United States Private Securities
Litigation Reform Act of 1995, or in releases made by the United
States Securities and Exchange Commission, all as may be amended
from time to time, and "forward-looking information" under the
provisions of applicable Canadian securities legislation,
concerning the business, operations and financial performance and
condition of the Company. All statements, other than statements of
historical fact, are forward-looking statements. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as “plans”, “expects”, “is
expected”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates”, “believes”, or variations or comparable language of
such words and phrases or statements that certain actions, events
or results “may”, “could”, “would”, "should", “might” or “will be
taken”, “occur” or “be achieved” or the negative connotation
thereof. Forward-looking statements include, but are not limited
to, statements related to future environmental impacts from the
discharge and the potential for impact on the Company’s production
at the La Arena mine.
Forward-looking statements are based on certain assumptions and
are subject known and unknown risks, uncertainties and other
factors that may cause actual results to be materially different
from those expressed or implied by such forward-looking statements.
Such risks include the future effects of the discharge on the
environment which cannot be assessed at this time, and any similar
impact on operations at the La Arena mine. Assumptions, risks and
uncertainties are discussed in more detail in our public filings
available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov or on
the Company’s website at www.tahoeresources.com.
Although management has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such forward-looking
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. Forward-looking statements are made as
of the date hereof and, accordingly, are subject to change after
such date. Except as otherwise indicated by the Company, these
statements do not reflect the potential impact of any non-recurring
or other special items or of any disposition, monetization, merger,
acquisition, other business combination or other transaction that
may be announced or that may occur after the date hereof.
Forward-looking statements are provided for the purpose of
providing information about management’s current expectations and
plans and allowing investors and others to get a better
understanding of the Company’s operating environment. The Company
does not intend or undertake to publicly update any forward-looking
statements that are included in this document, whether as a result
of new information, future events or otherwise, except as, and to
the extent required by, applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20180829005792/en/
For further information, please contact:Tahoe
ResourcesAlexandra Barrows, Vice President Investor
Relations+1.775.448.5812investors@tahoeresources.com
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