VANCOUVER, British
Columbia, June 23,
2017 /PRNewswire/ -- Tahoe
Resources Inc. (TSX: THO, NYSE: TAHO) ("Tahoe" or the
"Company") reported today that the Guatemalan government has taken
legal action to disburse protestors and open the primary road that
connects Guatemala City to San
Rafael las Flores near the Escobal Mine. The Company has learned
that police used tear gas to clear the public road. This action
comes after many days of illegal blockage and extensive dialogue
between protestors, the Government and the Company to resolve the
blockade of the road near the town of Casillas. The Company is not
aware of any serious injuries as a result of the action. The
Company has worked diligently to engage numerous stakeholders,
including the Vice President of Guatemala, the Ministry of Energy and Mines,
the Ministry of the Environment, Human Rights Ombudsman,
representatives of the Catholic Church and diplomatic missions
involved in human rights monitoring to attempt to resolve the
matter peacefully.
The Company is committed to the human and civil
rights of all Guatemalan people and supports
communities' rights to freedom of expression and assembly in
a lawful manner. It equally supports others negatively affected by
the illegal road blockage, such as employees, suppliers and
non-protesting citizens' rights to free passage and work.
The Company embraces the Voluntary Principles for Security and
Human Rights, which guide law enforcement in appropriate use of
force and respect for human rights.
The Company will continue to work with the
government, community leaders and others to resolve any
on-going concerns by the protestors. The Guatemalan agency
responsible for studying seismic activity
(INSIVUMEH) has confirmed that operations
at Escobal are not causing the naturally occurring seismic activity
in the Casillas area located 16 kilometers from the Mine. The
Company has conducted tours for thousands of citizens living near
the mine over the last seven years and invites interested citizens
to visit the Mine to learn more about its safe and environmentally
sound operations.
Ron Clayton, President and
CEO of Tahoe Resources Inc., commented: "As annunciated in Tahoe's
Human Rights Policy, we support freedom of association in the
Guatemalan communities and are always open to dialogue about any
concerns over the Escobal Mine. It is important to note that a
majority of the citizens in the immediate communities where the
Mine is located continue to support the Mine. We will continue to
work diligently to engage government and community leaders to
provide transparent information regarding our safe
operations."
At this time, the Company has no reason to believe that
its guidance will be affected by this situation.
About Tahoe Resources Inc.
Tahoe's strategy is to responsibly operate mines to world
standards, to pay significant shareholder dividends and to develop
high quality precious metals assets in the Americas. Tahoe is a
member of the S&P/TSX Composite and TSX Global Mining indices
and the Russell 3000 on the NYSE. The Company is listed on the TSX
as THO and on the NYSE as TAHO.
Forward-Looking Statements
This news release contains "forward-looking information"
within the meaning of applicable Canadian securities legislation,
and "forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995
(collectively referred to as "forward-looking statements"). In
particular, this news release includes forward-looking statements
related to action taken by the Guatemalan government near the town
of Casillas and the resolution of the roadblock along the road to
the Escobal Mine.
Forward-looking statements are based on management's
reasonable assumptions, estimates, expectations, analyses and
opinions, which are based on management's experience and perception
of trends, current conditions and expected developments, and other
factors that management believes are relevant and reasonable in the
circumstances, but which may prove to be incorrect. Assumptions
have been made regarding, among other things: the Company's ability
to operate in a safe, efficient and effective manner. Readers are
cautioned that the foregoing list is not exhaustive. Tahoe's actual
results, programs and financial position could differ materially
from those anticipated in such forward-looking statements as a
result of numerous factors, risks and uncertainties, many of which
are beyond the Company's control. These include, but are not
necessarily limited to social unrest and political or economic
instability in Guatemala. There is
no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Tahoe does not undertake to update any forward-looking
statements, except as, and to the extent required by, applicable
securities laws. For a further discussion of risks relevant to the
Company, see the Company's Annual Information Form available on
www.sedar.com under the heading "Description of Our Business – Risk
Factors."
For further information, please contact:
Tahoe Resources Inc.
Vice President,
Investor
Relations
investors@tahoeresources.com
Tel:
775-448-5800
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SOURCE Tahoe Resources Inc.