Tahoe Resources raises 2017 gold operations view to 400K-500K
Tahoe Resources updated its 2017 guidance for its gold operations. Due to ongoing interruption of operations at Escobal, multi-year guidance remains under review for all operations. Expansion projects at Shahuindo and Bell Creek are expected to increase production to more than 500,000 ounces annually beginning in 2019. The company has increased its guidance for gold production to 400,000-450,000 ounces for 2017. The increase in the company's revised gold production guidance for the remainder of 2017 is due in large part to the positive mine plan reconciliation experienced at La Arena year to date.Total cash costs and all-in sustaining costs per ounce of gold produced have been revised downward. Total cash cost estimates have been decreased by $50 per ounce to an estimated $650 to $700 per ounce, reflecting the higher anticipated production levels and better than anticipated cost performance year to date. All-in sustaining costs have decreased by $100 per ounce to a guidance range of $1,050-$1,150 per ounce, driven by higher production and lower capital and exploration costs.