The Escobal Mine is a world-class silver mine, operated by Minera San Rafael, a wholly owned subsidiary of Tahoe. Escobal has approximately 1,000 employees, 97% of whom are Guatemalan, and pays approximately US$20 million per year in wages and benefits. In addition, the Company paid approximately US$35 million in royalties and taxes to governments and communities in Guatemala last year, and makes significant direct investments in support of nutritional programs, education, skills training, agriculture and infrastructure development.
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.