Newspaper article The Canadian Press

Tahoe Resources Stock Falls More Than 20% after Court Upholds Mine Suspension

Newspaper article The Canadian Press

Tahoe Resources Stock Falls More Than 20% after Court Upholds Mine Suspension

Article excerpt

Tahoe Resources stock falls to multi-year low

--

VANCOUVER - Tahoe Resources stock fell more than 20 per cent to a multi-year low on Tuesday after it announced the licence for its Escobal silver mine in Guatemala will remain suspended following a ruling by the country's constitutional court.

The Vancouver-based company's stock hit an intraday low of $3.37 in the first half hour of trading Tuesday, the lowest level in five years. As of 10:30, the stock was down $1 or 22 per cent at $3.49.

Tahoe Resources says Guatemala's constitutional court reversed a Supreme Court decision that had re-instated the licences, which were suspended by the government's Ministry of Energy and Mines.

The company says it doesn't have a timeline for the consultation but said the ministry completed a similar process within six months. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.