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Tahoe Resources Inc
Symbol THO
Shares Issued 312,775,761
Close 2018-04-20 C$ 6.87
Market Cap C$ 2,148,769,478
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Tahoe Resources' La Arena union goes on strike

2018-04-23 06:25 ET - News Release

An anonymous director reports

TAHOE REPORTS LABOR STRIKE AT LA ARENA MINE

Tahoe Resources Inc. has had a labour strike at its La Arena mine in Peru, which started on Friday, April 20, at 5 p.m. CT. The company is currently in an active collective bargaining period with the La Arena union, which occurs annually. The union represents approximately 65 per cent of the total work force at La Arena. The company recently paid the workers its annual profit-sharing as defined by Peruvian labour law. Profit-sharing is paid by all mines in Peru in strict accordance with the labour law. However, the La Arena union has indicated that it wants to be compensated a higher amount of profit-sharing than has been established in the labour law.

The company is in active dialogue with the La Arena union and is looking forward to achieving a mutually agreeable solution in the near term. In the meantime, not all employees are participating in the strike and production is not currently expected to be materially and adversely impacted. The company will provide notice once an agreement is reached.

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.

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