TICKER: THO:TSX; TAHO:NYSE
Tahoe Resources Inc. is a silver exploration and development company led by a team of highly experienced mine builders. The company owns 100% of the high-grade Escobal silver project in southeast Guatemala and its strategy is to position itself as a leading silver producer anchored by this world-class asset. Tahoe Resources is focused on production and silver resource growth, low cash costs and zero precious metals hedging.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Chris Thompson, Raymond James
"We are encouraged by Tahoe Resources Inc.'s progress at Escobal, which remains on budget and on schedule for commissioning in H2/13 and commercial production in 2014. Although the project remains fully funded, we are impressed to see the company take the prudent step of entering into a $50M credit facility to provide balance sheet flexibility. . .in addition, we are pleased by the finalization of the royalty agreement with the Guatemalan government."
The Gold Report Interview with Michael Gray
"Tahoe Resources Inc. [is a] top pick among the companies we cover. . .Tahoe Resources has a best-of-breed silver asset in Guatemala and is run by Kevin McArthur, former CEO of Goldcorp and Glamis Gold Ltd., along with his very strong team. Tahoe has built an underground mine for less than $400M, on time and on budget. It should be completed by July 2013. What stands out about Tahoe's Escobal mine development project is its high grade and large size. It has more than 400 Moz in silver resources and will mine average grades of 400 g/t, with some gold, zinc and lead credits. Another key is that the veins are very thick, averaging 10–15m in one zone, and over 15m in another. The company can, therefore, mine very efficiently and run the plant initially at 3,500 tpd, moving up to 5,000 tpd and potentially to 7,000 tpd. You are looking at 20 Moz/year silver for at least the first eight years. . .
"This is an asset built by a veteran team that contemplates that upside. The incremental expansion is more or less designed and factored in to get to 5,000 tpd. . .we show Tahoe being cash flow positive in Q4/13 and overall guidance of 5 Moz silver being produced into 2013. Looking out to 2014, and using a forward curve from Feb. 6, 2013, and a higher silver price ($32/oz silver), we are looking at $353M cash flow from operations in 2014 for $2.33/share. Another attraction with Tahoe is that management suggested last summer that it would pay a significant dividend."
The Gold Report Interview with Greg Dorsey
"[I get silver exposure] from Tahoe Resources Inc. in Guatemala. It just received the final exploitation permit needed to move forward with its mine and should be in production in early 2014. That approval took a lot of risk out of the stock. This is a large project, rich in silver. It works out to 13–13.5 oz/ton ore and is one of the highest-grade deposits around. Once the mine is up to speed, it will produce 20 Moz/year, without the gold, lead and zinc in the mix. It also will be one of the lowest-cost producers around. You have good, smart management. Kevin McArthur, a former CEO of Goldcorp and Glamis Gold Ltd., is running the show."
"Shares of Tahoe Resources Inc. jumped after the company announced that it has received its Escobal mine exploitation license from Guatemala's Ministry of Energy and Mines. Tahoe Resources commented that construction activities remain on budget and on schedule for mill commissioning in H2/13 and commercial production in early 2014."
Steven Butler, Canaccord Genuity
"Tahoe Resources Inc. has announced that it has received the Escobal exploitation license from Guatemala's Ministry of Energy and Mines. This is the final permit required for Escobal and now allows the company to shift from development to production once construction is complete. . .the development of Escobal remains fully financed."
Tahoe Resources Inc. Content
to view Tahoe Resources' Investor Briefcase (presentation, fact sheet and more)
Back to Top