Ms. Alexandra Barrows reports
GUATEMALAN CONSTITUTIONAL COURT REVERSES SUPREME COURT RULING TO REINSTATE ESCOBAL MINING LICENSE
Tahoe Resources Inc. has learned through a Guatemalan Constitutional
Court press conference held today that the Constitutional Court reversed
the Supreme Court's decision to reinstate the Escobal mining licence of
Tahoe's Guatemalan subsidiary, Minera San Rafael (MSR). The company understands
that the Constitutional Court's resolution orders that the Escobal
mining licence will remain suspended until the Ministry of Energy and
Mines (MEM) completes the ILO 169 consultation with the Xinka
communities in the region of the Escobal mine. At this time, the company
does not have a timeline for completion of MEM's ILO 169 consultation.
However, in the similar case of OXEC, MEM completed the consultation
within six months.
The Constitutional Court is expected to issue a formal resolution in the
next several days. Upon review of the written ruling, the company will
provide further updates.
About Tahoe Resources Inc.
Tahoe is a mid-tier precious metals company with a diverse portfolio of mines and projects in Canada, Guatemala and Peru. Tahoe is led by experienced mining professionals dedicated to creating sustainable value for all of its stakeholders through responsible mining.
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