VANCOUVER, British Columbia,
Sept. 3, 2015 /PRNewswire/
-- Tahoe Resources Inc. (TSX, BVL: THO, NYSE: TAHO)
today 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 sometime 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, September 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."
About Tahoe Resources Inc.
Tahoe's strategy is to
responsibly operate precious metals mines, to pay significant
shareholder dividends and to grow by developing long-term, low-cost
assets in the Americas. Tahoe is a member of the S&P/TSX
Composite and TSX Global Mining indices and the GDX and Russell
3000 on the NYSE. The Company is listed on the TSX as THO and on
the NYSE as TAHO and on the Bolsa de Valores de Lima (BVL) as THO in Peru.
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
describes potential future events related to the political
situation in Guatemala and Tahoe's
expected continued operations in that country.
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 price of silver,
gold and other metals; plant equipment and processes operating as
anticipated; there being no material variations in the current tax
and regulatory environment; the Company's ability to operate in a
safe, efficient and effective manner; the exchange rates among the
Canadian dollar, and the Guatemalan quetzal; the political and
social effects of the change in governmental leadership in
Guatemala; and the Company's
ability to obtain financing as and when required and on reasonable
terms. 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, legislative
changes that impact mining operations in Guatemala and/or Peru; results of exploration activities and
development of mineral properties; the uncertainty in geologic,
hydrological, metallurgical and geotechnical studies and opinions;
social unrest and political or economic instability in Guatemala and/or Peru; risks associated with illegal mining
activities by unauthorized individuals on the Company's mining or
exploration properties; the uncertainties of resource and reserve
estimations; receipt and security of mineral property titles;
receipt of licenses to conduct mining activities; the timing and
possible outcome of pending litigation; cost overruns or
unanticipated costs and expenses; the availability of funds;
fluctuations in metal prices; currency fluctuations; and general
market and industry conditions. 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.
Ira M. Gostin, Vice President
Investor Relations
investors@tahoeresources.com
Tel: 775-448-5807
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SOURCE Tahoe Resources Inc.