Why Tahoe Resources Inc. Stock Skyrocketed Today [The Motley Fool]
TAHOE RESOURCES (TAHO)
Last tahoe resources earnings: 11/6 04:05 pm
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Source: The Motley Fool
The Guatemalen Supreme Court has reinstated the miner's Escobal license, but its challenge isn't over yet. Steve Symington ( TMFSymington ) Sep 11, 2017 at 6:40PM What happened Shares of Tahoe Resources Inc. ( NYSE:TAHO ) skyrocketed 33.4% on Monday, after the precious-metals mining company announced that the Guatemalan Supreme Court has decided to reinstate its Escobal mining license. For perspective, the ruling reverses an unfavorable preliminary decision to suspend the license, which came in response to anti-mining organization CALAS and its allegation that the country's Ministry of Energy and Mines (MEM) had unlawfully awarded it to Tahoe's Guatemalan subsidiary, Minera San Rafael. More specifically, CALAS claimed that MEM violated the Xinca indigenous people's right of consultation before issuing the license. More recently, late last month
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