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7/6/17

What Tahoe Resources (TAHO) didn't mention in its Conference Call today

A couple of details:

1) The Escobal mine has been closed down since June 8th, due to the ongoing roadblock by locals.

2) It's got so bad that just a few days ago, TAHO had to ship in fuel via helicopter. This fuel was destined for the internal mine generators running the water pumps, they stop running and the mine will flood.

3) The appeals action (which goes through two courts) is likely to introduce accusations of bribery, as the way in which the operations licence was granted to TAHO during the proven corrupt Otto Pérez Molina government was highly irregular. It will be interesting to see how many times the name of then-COO and now CEO Ron Clayton gets mentioned in that part of the deposition.