|Tahoe Resources Inc. - THO.t is a mining exploration company founded in Vancouver by Kevin McArthur, former CEO of Glamis Gold and Goldcorp. |
The Escobal project is a high-grade silver discovery located about 70 km. southeast of Guatemala City. The La Arena gold mine is in north central Peru.
Tahoe Resources Inc. has released a statement from executive chair Kevin McArthur regarding political changes in Guatemala:
"I want to assure shareholders that today's resignation of the President of Guatemala, Otto Perez Molina, is not expected to affect our Guatemalan operations. The President's resignation occurred this morning in a written letter to Congress. Vice-president Alejandro Maldonado Aguirre is expected to be sworn in as President some time in the next couple of days.
"Vice-president Maldonado Aguirre has been the force of calm in the country during the corruption scandal which has caused both the President and vice-president to resign. His leadership has been viewed within Guatemala as very positive. Congress's removal of Perez Molina's immunity and his subsequent resignation is viewed as a positive step in repairing a government divided by recent corruption. We respect Guatemala's democracy and its ability to hold open and free elections, which continue to be scheduled for Sunday, Sept. 6, 2015.
"The embassies of Canada and the United States are heavily involved in assisting and supporting the Guatemalan government's efforts to maintain order and peace and assure stability during these difficult times. The Escobal mine continues to operate as expected."
2015 Tahoe Guidance (All amounts stated in U.S. Dollars.)