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5/20/18

Tahoe Resources (TAHO) (THO.to): ¡Adios, Phil Dalke!

The latest from Latin American mining's very own self-crashing vehicle, Tahoe Resources (TAHO) (THO.to) is that the general manager of its Peru operations Phil Dalke has "accepted a new position at HQ" in Reno and will become the Vice-President of Special Projects as from next month. If that's a promotion then Meghan Markle is an unlucky lady, as Dalke is the one now getting blamed by Ferrari Kev for the community, environmental SNAFUs at La Arena and Shahuindo in the last six months, plus of course the massively over-budget and behind schedule Shahuindo expansion program. IKN confidently predicts Dalke will be shown the way out the back door presently.

He's being replaced as Peru general manager by Steve Botts, a veteran of the Peru mining scene who's spent 20 years in the country at companies such as Rio Tinto, Antamina and up until last year, Marcobre (the Minsur/Copec JV now developing the Mina Justa copper project on the South coast of Peru). Since then he's been doing consulting work...like you do. At least they've finally contracted someone who speaks the language and has interacted with locals on a regular basis in the past, perhaps he can give Ms Hofmeister a few lessons. In both. When she bothers to leave her office.