Tahoe Resources increases gold reserves 400K oz., gold resources 3.4M oz.
Tahoe Resources reports an added 888K ounces of new gold mineral reserves, more than replacing the 489K ounces depleted during its gold production year. With the addition of the La Arena II resources, the company also increased gold resources by 3.4M ounces. Tahoe's proven and probable mineral reserves totaled approximately 3.7M oz. of gold, 288M oz. of silver, 196K tons of lead and 320K tons of zinc as of January 1, 2018. Increases in gold reserves at the Company's operating properties during 2017 were attributable to increases in mineral reserves at the Shahuindo mine due to exploration success, the initial mineral reserve estimate for the 144 Gap deposit at the Timmins West Mine, and the conversion of mineral resources to mineral reserves at the Bell Creek Mine. Tahoe's measured and indicated mineral resources totaled approximately 14M ounces of gold, 403M ounces of silver, 5.8B pounds of copper, 256K tons of lead and 427K tons of zinc as of January 1. Gold resources increased by approximately 3.4M ounces, +33%, vs. the prior year. Copper measured and indicated resources increased to 5.8B pounds, an increase of 3.8B pounds, +187% vs. the prior year.