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BRIEF-Tahoe Resources says Guatemalan lower court issues ruling on Co's mining license​
2017年7月5日 / 晚上9点22分 / 4 个月前

BRIEF-Tahoe Resources says Guatemalan lower court issues ruling on Co's mining license​

July 5 (Reuters) - Tahoe Resources Inc:

* Tahoe Resources Inc - ‍Guatemalan lower court issues ruling on Tahoe’s Mining License​

* Tahoe Resources- Guatemala supreme court issued provisional decision on action by anti-mining organization calas against Guatemala’s ministry of energy & mines

* Tahoe resources-action alleges MEM violated Xinca indigenous people’s right of consultation in advance of granting Escobal mining license to co’s unit

* Tahoe resources inc - ‍intends to both appeal decision to constitutional court and ask for supreme court to reconsider its provisional ruling​

* Tahoe resources - court’s provisional decision suspends Escobal mining license of Minera San Rafael while action is being reviewed by court

* Tahoe Resources Inc - ‍also plans to file a motion for reconsideration with supreme court, which is lower court that issued provisional decision​

* Tahoe resources - based on a prior ruling, co believes its operating license should remain in effect while any additional consultation is completed

* Company “believes that all consultation obligations relating to permitting of Escobal license were met”

* Tahoe resources inc - ‍upon formal receipt of order temporarily suspending license for Escobal, mine will be placed on stand-by​

* Tahoe resources inc - ‍given possible material impact of suspending operations at escobal mine, company will be reevaluating previous multi-year guidance​

* Tahoe resources - also plans to file a motion for reconsideration with supreme court, which is the lower court that issued the provisional decision

* Tahoe Resources - ‍ given possible material impact of suspending operations at escobal mine, can also no longer confirm previous 2017 guidance at this time​

* Company will also be requesting supreme court to resolve calas’s definitive constitutional claim

* Tahoe Resources Inc - following impacts could be expected; sustaining capital expenditures of $12 million would be deferred

* Tahoe Resources Inc - following impacts could be expected; 2017 silver production would be deferred to future periods by 5.1 million ounces

* Tahoe resources inc - following impacts could be expected; fixed costs of approximately $10 million would be incurred

* Tahoe resources inc - following impacts could be expected; exploration efforts in guatemala of $0.5 million would not be incurred Source text for Eikon: Further company coverage:

我们的标准:汤森路透“信任原则”
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