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TAHO

Tahoe Resources

09:17
04/09/18
04/09
09:17
04/09/18
09:17

Tahoe Resources reports fuel spill at La Arena mine; spill fully contained

Tahoe Resources reports a fuel spill at the La Arena mine in Peru late Friday evening, April 6th. The fuel spill occurred when a contractor over-fueled one of the diesel storage tanks, spilling into the containment facilities. Unfortunately, the containment drain valve had been left open by the fuel vendor due to continuing rains. As a result, it is estimated that approximately 300 to 500 gallons of diesel fuel left La Arena's containment facilities. Upon identification of the leak, the Company immediately closed the valve and initiated our emergency response and clean-up protocols. The Company has successfully contained the spill through the construction of dams, the placement of absorbing materials and disposed of the recovered fuel in accordance with legal requirements. The Company immediately began conducting extensive inspections of the surrounding areas from the operation. Initial inspections confirm that the spill was contained within our property and did not reveal any reported impact, however we continue to monitor the situation closely. The incident was reported to the Agency for Environmental Assessment and Control and to the Supervisor of Investment in Energy and Mines within the required 24-hour period. The surrounding communities of La Arena have also been notified. OEFA was on site at La Arena on Sunday, April 8th to complete their investigation, but has not yet issued any findings, orders or notices of violation. Production is not expected to be impacted by this event. A full internal investigation will be completed in order to avoid and prevent future incidents. Tahoe holds itself accountable for ensuring safe operations for our environment and our communities and we expect all of our employees and partners alike to operate to the highest standards.

  • 03

    May

TAHO Tahoe Resources

09/11/17
BMOC
09/11/17
UPGRADE
BMOC
Outperform
Tahoe Resources upgraded to Outperform from Market Perform at BMO Capital
01/26/18
FBCO
01/26/18
DOWNGRADE
FBCO
Neutral
Tahoe Resources downgraded to Neutral from Outperform at Credit Suisse
01/26/18
FBCO
01/26/18
DOWNGRADE
FBCO
Neutral
Tahoe Resources downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Anita Soni downgraded Tahoe Resources to Neutral and lowered his price target for the shares to C$7 from C$9. The analyst updated her model to reflect preliminary production results and the continued delays in restarting Escobal. Soni expects a positive outcome but has no clarity on the timing of the Constitutional Court ruling.
03/28/18
CANT
03/28/18
INITIATION
CANT
Overweight
Tahoe Resources initiated with a Buy at Cantor Fitzgerald
Cantor Fitzgerald analyst Matthew O'Keefe started Tahoe Resources with a Buy rating and C$8.60 price target.

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, LMT

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