Tahoe Reports Protest at La Arena
31 Agosto 2018 - 3:04PM
Business Wire
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. La Arena conducts extensive
and regular monitoring of the impacts from the mine blasts,
including community participatory monitoring exercises. The result
of the ongoing monitoring demonstrates clear compliance with the
law and the Environmental Quality Standards (ECA) set to protect
the environment and communities.
To ensure the safety of our employees, contractors and members
of the community, the Company has temporarily suspended mining
operations, starting with the night shift on August 30, 2018 and
ordered all workers to remain at home. Leaching activities continue
normally at this time.
As a result of this illegal disruption, the Company has filed
formal charges against the protest leaders for illegal trespass.
The Company has also notified the police, the Ministry of Energy
and Mines (MEM) as well as the Consejo de Ministros (PCM), who have
a social unit to support with conflict resolution.
The Company remains willing to engage in a peaceful and
constructive formal dialogue process with the La Ramada residents
and has reaffirmed its commitment to continue its efforts to
minimize the impacts of the operations on the community. The
Company continues to work towards a formal dialogue process with
the support of the Government in the appropriate setting.
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 statements” 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
the resolution of the protest at La Arena and the Company’s future
operation and production at the La Arena mine.
Forward-looking statements are based on certain assumptions and
are subject to 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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Tahoe ResourcesAlexandra Barrows, Vice President Investor
Relationsinvestors@tahoeresources.com+1.775.448.5812
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