The La Cuchilla community is centered approximately half a kilometer from the Escobal mine. Due to unstable soil and steep topography, commonly seen in many parts of Guatemala, the country's National Coordinator for the Reduction of Disasters ("CONRED") recently declared the La Cuchilla village to be high risk. To assist local authorities in re-locating residents, last summer the Company volunteered to acquire homes identified as most at risk by CONRED at prices well above current market levels. To date, approximately 70% of the residents living in these homes have accepted the Company's home purchase offer and the resolution reached between the Company and community will facilitate the relocation of the remaining residents. The Company does not need the acquired land for any reason other than providing economic relief to at-risk residents.
About Tahoe Resources Inc.
Tahoe's strategy is to responsibly operate precious metals mines, to pay significant shareholder dividends and to grow by developing long-term, low-cost assets in the Americas. Tahoe is a member of the S&P/TSX Composite and TSX Global Mining indices and the GDX and Russell 3000 on the NYSE. The Company is listed on the TSX as THO and on the NYSE as TAHO.
For further information, please contact:
Tahoe Resources Inc.
Mark Utting, Vice President, Investor Relations
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SOURCE Tahoe Resources Inc.