03:17:10 EDT Thu 25 Apr 2024
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Tahoe Resources Inc
Symbol THO
Shares Issued 312,775,761
Close 2018-02-09 C$ 4.85
Market Cap C$ 1,516,962,441
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Tahoe suspends commissioning at Shahuindo due to leak

2018-02-12 06:13 ET - News Release

Ms. Alexandra Barrows reports

TAHOE REPORTS INCIDENT DURING COMMISSIONING AT SHAHUINDO MINE

Tahoe Resources Inc. has had a commissioning incident at its Shahuindo mine in Peru. At 1:30 a.m. on Saturday, Feb. 10, a leak was identified in the barren solution pipeline in the overland conveyer containment channel that connects to the agglomeration area storage tank. The pipeline had been commissioned and pressure tested, but was not yet in operation.

Upon identification of the leak, the company immediately shut down all commissioning of the crushing and agglomeration circuit, focused on containment, and reported the incident to the Agency for Environmental Assessment and Control (OEFA) within the required 24-hour period. All commissioning of the crushing and agglomeration circuit has been temporarily suspended until a thorough investigation is completed, the issue is resolved and the pipeline is fully repaired. At this time, the company does not anticipate a significant impact to production.

Following its preliminary internal investigation, the company determined that the engineered containment systems in place were successful and the leak was contained within the property boundaries. The company is in the process of engaging and communicating with nearby communities and will keep them informed. The company does not believe there is any risk of contamination to the nearby communities, livestock, environment or its employees.

This incident is an isolated event related to the barren solution pipeline in the overland conveyer containment channel. The stormwater pond and solution ponds continue to perform as designed and are successfully diverting all stormwater away from the industrial sites during this rainy season.

About Tahoe Resources Inc.

Tahoe's strategy is to responsibly operate mines to world standards and to develop high-quality precious metals assets in the Americas.

We seek Safe Harbor.

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