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Shares in Canadian miner Tahoe surge after Guatemala ruling

Tuesday, September 12, 2017

Shares in Tahoe Resources surged on Monday after a Guatemalan court  reinstated the company’s license to operate its giant Escobal silver mine.

Shares in the Canadian miner gained as much as 49 percent at the start of trade before closing up 33 percent for a $1.5 billion market capitalization in the New York Stock Exchange. Escobal is the world's third largest primary silver mine with production of 21.2 million ounces of silver in concentrate in 2016.