Tahoe shares drop after Guatemala court confirms suspension of mining licenses [Toronto Globe and Mail (Ontario, Canada)]
TAHOE RESOURCES (TAHO)
Last tahoe resources earnings: 11/6 04:05 pm
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Source: Toronto Globe and Mail
VANCOUVER The Canadian Press Published September 4, 2018 Updated September 4, 2018 Tahoe Resources stock fell more than 20 per cent to a multi-year low on Tuesday after it announced the licence for its Escobal silver mine in Guatemala will remain suspended following a ruling by the country’s constitutional court. The Vancouver-based company’s stock hit an intraday low of $3.37 in the first half hour of trading Tuesday, the lowest level in five years. As of 10:30, the stock was down $1 or 22 per cent at $3.49. Tahoe Resources says Guatemala’s constitutional court reversed a Supreme Court decision that had re-instated the licences, which were suspended by the government’s Ministry of Energy and Mines. Story continues below advertisement The company says it doesn’t have a timeline for the consultation but said the ministry completed a similar process within six months. The company h
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