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Tahoe Resources storms ahead with Guatemala plan

Monday, November 18, 2013


Canada's Tahoe Resources said it was on schedule to ramp up production at its flagship Escobal silver project, in Guatemala, to 3,500 tons per day by the first quarter of 2014.

The Vancouver-based firm in October said it had started shipping silver concentrate to smelters from its Escobal mine, which was seen as a significant feat owing to the low current silver prices having driven many out of the race to production.

Cash and cash equivalents at the end of the third quarter totalled $39.2 million, including net proceeds drawn in June from a $50-million credit facility.

Source: Creamer Media's MIning Weekly