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Tahoe Resources wins approval for development at Escobal silver mine in Guatemala

Thursday, February 17, 2011


Canada’s Tahoe Resources has received approval to start underground exploration and development work at its Escobal silver project, in Guatemala.

Tahoe said it could be ready to make a construction decision on the project as early as the third quarter of this year, depending on whether it receives mining and processing permits in time.

The mine is already fully financed, after the company raised about C$352 million in a bought-deal financing late last year.

Original source: Creamer’s Mining Weekly