Tuesday, March 26, 2019

Logo Central America Link

Pan American takes on baton from Tahoe in Guatemala

Wednesday, January 9, 2019


Shareholders from both countries agreed the purchase of Canada's Tahoe Resources by Pan American Silver of the US, which now becomes the owner of El Escobal in Guatemala, the world's second largest silver mine.

The agreed price was just over $1 billion, leading Pan American to assume the responsibility of a legal dispute that has paralyzed the mine since mid 2017.

The Xinca ethnic community have been backed by a Guatemalan court in their demands for respect of ancestral resources.