Tahoe's Escobal Project Receives Final Permit
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/03/13 -- Tahoe
Resources Inc. (TSX:THO)(NYSE:TAHO) is pleased to announce that it
has received the Escobal exploitation license from Guatemala's
Ministry of Energy and Mines. Construction activities remain
on-budget and on-schedule for mill commissioning in the second half
of 2013 and commercial production in early 2014.
About Tahoe Resources Inc.
Tahoe's strategy is to develop the Escobal project into a profitable
mining operation and to position itself as a leading silver producer
with high quality, low cost assets in the Americas. Tahoe is a member
of the S&P/TSX Composite and TSX Global Mining indices and the
Russell 3000 on the NYSE. The Company is listed on the TSX as THO and
on the NYSE as TAHO.
Tahoe Resources is a Canadian corporation operating in Canada, the
United States and Guatemala. This news release contains
"forward-looking information" within the meaning of applicable
Canadian securities legislation, and "forward-looking statements"
within the meaning of the United States Private Securities Litigation
Reform Act of 1995 (collectively referred to as "forward-looking
information"). Wherever possible, words such as "plans," "expects,"
or "does not expect," "budget," "scheduled," "estimates,"
"forecasts," "anticipate" or "does not anticipate," "believe,"
"intend," and similar expressions or statements that certain actions,
events or results "may," "could," "would," "might" or "will" be
taken, occur or be achieved, have been used to identify
forward-looking information. In particular, this news release
describes potential future events related to: receiving an
exploitation permit for Escobal; meeting the project schedule;
achieving mill commissioning in the second half of 2013 and
commercial production in early 2014; and Tahoe's strategy to develop
the Escobal project. Forward-looking information is based on
management's reasonable assumptions, estimates, expectations,
analyses and opinions which are based on management's experience and
perception of trends, current conditions and expected developments,
and other factors that management believes are relevant and
reasonable in the circumstances, but which may prove to be incorrect.
Assumptions have been made regarding, among other things, Tahoe's
ability to carry on exploration and development activities, the
timely receipt of required approvals (including the exploitation
permit for the Escobal project), the price of silver and other
metals, costs of development and production, Tahoe's ability to
operate in a safe, and effective manner and its ability to obtain
financing on reasonable terms.
Readers are cautioned that the foregoing list is not exhaustive.
Tahoe's actual results, programs and financial position could differ
materially from those anticipated in such forward-looking statements
as a result of numerous factors, risks and uncertainties, many of
which are beyond the Company's control. These include, but are not
necessarily limited to, results of exploration activities and
development of mineral properties, the interpretation of drilling
results and other geological data, the uncertainties of resource and
reserve estimations, receipt and security of mineral property titles,
receipt of licenses to conduct mining activities, country risks,
civil unrest, project cost overruns or unanticipated costs and
expenses, the availability of funds, fluctuations in metal prices,
currency fluctuations, and general market and industry conditions.
There is no assurance that forward-looking information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on this information. Tahoe
does not undertake to update any forward-looking information, except
as, and to the extent required by, applicable securities laws. For
more information about the risks and challenges of Tahoe's business,
investors should review Tahoe's current AIF available at
Tahoe Resources Inc.
Ira M. Gostin
Vice President Investor Relations
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