Tahoe Resorces (TAHO)

[NYBob]

Escobal Update; The Company’s efforts in Guatemala are focused on
reaching a peaceful and expeditious conclusion to the road block at
Casillas, which is approximately 16 kilometers away from
the operations in San Rafael Las Flores.
Upon resolution, the Company expects to resume production at Escobal
within a week.
On September 10, 2017, the Company reported that
the Guatemalan Supreme Court issued a decision that reinstated
the Escobal mining license.
As part of its decision, the Supreme Court ordered MEM to conduct a
consultation under ILO Convention 169 with the Xinca indigenous
communities within certain departments or states within 12 months.
The Company is now seeking clarification from the Supreme Court on
the specific geographical areas to be included in
MEM’s consultation process.
CALAS has appealed the Supreme Court’s ruling to the Constitutional
Court partly on the grounds that it discriminates against the Xinca.
The Company understands that the Xinca Parliament has not appealed
the Supreme Court’s decision.
The Constitutional Court is expected to rule on all appeals by
the end of the year.
During the period in which the Company’s mining license was temporarily
suspended, the Company’s annual export credential for the exportation
of metals concentrate expired.
The Company filed its request to renew the export credential with
MEM in the ordinary course in June 2017.
The renewal of the export credential became contingent on
the Court’s reinstatement of the Escobal mining license.
In addition to the clarification motion, therefore, the Company has
petitioned the Supreme Court to order MEM to provide the routine
administrative annual renewal of Escobal’s export credential.

http://www.tahoeresources.com/tahoe-revises-2017-guidance-for-gold-operations-and-provides-updated-reserves-and-resources-at-timmins-west/

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