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[url=https://peketec.de/trading/viewtopic.php?p=1777791#1777791 schrieb:Sltrader schrieb am 06.09.2017, 17:18 Uhr[/url]"]erste NSU long 2,21
[url=https://peketec.de/trading/viewtopic.php?p=1777944#1777944 schrieb:greenhorn schrieb am 07.09.2017, 09:48 Uhr[/url]"]Globe says Nevsun Resources insiders buying shares
2017-09-05 08:00 ET - In the News
The Globe and Mail reports in its Saturday, Sept. 2, edition that insiders of late have been buyers at Nevsun Resources ($2.78). The Globe's Ted Dixon writes in the Who's Buying and Selling column that Nevsun was dropped from the INK Canadian Insider Index in November, 2016, because of a deteriorating outlook based on its value, insider commitment and price momentum rankings. That turned out to be a well-timed move as the stock is down 32 per cent since being removed from the index. However, Mr. Dixon's outlook has now improved because of cheaper valuations and stronger insider commitment. Shortly after second quarter results were released, the company's chief executive officer, Peter Kukielski, and chief development officer, Scott Trebilcock, spent $387,449 picking up shares in the public market between Aug. 22 and Aug. 25. Canaccord Genuity analyst Dalton Baretto commenced new coverage on Nevsun with a "buy" rating and a target price of $5 in the Eye column on Sept. 15, 2016. The shares were then worth $4.22. BMO Nesbitt Burns analyst Alex Terentiew rated Nevsun "market perform" in The Globe on Feb. 3, 2017. He targeted the shares at $4.75. It was then worth $4.04.
© 2017 Canjex Publishing Ltd. All rights reserved.
[url=https://peketec.de/trading/viewtopic.php?p=1777791#1777791 schrieb:Sltrader schrieb am 06.09.2017, 17:18 Uhr[/url]"]erste NSU long 2,21
[url=https://peketec.de/trading/viewtopic.php?p=1769118#1769118 schrieb:Fischlaender schrieb am 24.07.2017, 11:37 Uhr[/url]"]Morgen! :D
Ich bin aehnlich fett positioniert wie Anfang 2016, als der erste Run losging. Imho sehen wir in den naechsten Wochen den Beginn eines aussergewoehnlichen Anstiegs im Rohstoffsegment. Die Minenaktien haben sich trotz des bereits beachtlichen Absetzens des Goldpreises von der 1200er Marke kaum bewegt, da besteht erhebliches und ueberproportionales Nachholpotential, wenn der weitere Aufschwung des Goldpreises erfolgt.
Hab einiges an Kernpositionen mittelgrosser Explorer oder Produzenten wie zB GORO, TREK, NSU, OSK, LGD, DPM, etc.
Und erhebliche Mengen an Pennystocks wie WHN, ADG, IGO, KG, OPW, GBR, ANG, MEX, PEX, RYR usw.
Erstere Positionen sollten sich dann linear bis exponential zum Goldpreis entwickeln (und solange man in dem Segment zu Qualitaetstiteln greift ist das imho vollkommen egal welche Werte man nimmt, die werden alle steigen), letztere sind die "Optionsscheine".
[url=https://peketec.de/trading/viewtopic.php?p=1777824#1777824 schrieb:Fischlaender schrieb am 06.09.2017, 21:42 Uhr[/url]"]K größere Position ADZ Schnitt 0,1025 heute zum Handelsbeginn
[url=https://peketec.de/trading/viewtopic.php?p=1778089#1778089 schrieb:Fischlaender schrieb am 07.09.2017, 16:14 Uhr[/url]"]![]()
http://www.adamera.com/i/pdf/nr/2017-09-07-NR.pdf
Keine Meganews aber nach 3 Monaten Funkstille ein Update, in dem ausserdem das zugrundeliegende Explorationskonzept als erfolgreich bewertet wird.
[url=https://peketec.de/trading/viewtopic.php?p=1777824#1777824 schrieb:Fischlaender schrieb am 06.09.2017, 21:42 Uhr[/url]"]K größere Position ADZ Schnitt 0,1025 heute zum Handelsbeginn
[url=https://peketec.de/trading/viewtopic.php?p=1778027#1778027 schrieb:Fischlaender schrieb am 07.09.2017, 13:19 Uhr[/url]"]:D
by @newsfile on September 7, 2017
Great Bear Drills 16.84 g/t Gold over 10.40 m in Red Lake District
Vancouver, British Columbia--(Newsfile Corp. - September 7, 2017) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear") today announced results from the first 5 holes of an 8-hole drill program completed on the Dixie Lake Project, located in the Red Lake District of Ontario.
Highlights of drilling include:
•Hole DL-005 intersected 10.40 m of 16.84 g/t gold including 1.05 m of 130.10 g/t gold
•Hole DL-004 intersected 6.30 m of 5.56 g/t gold including 1.0 m of 8.33 g/t gold
•Hole DL-001 intersected 4.60 m of 4.07 g/t gold including 0.50 m of 10.50 g/t gold
•Hole DL-003 intersected 13.75 m of 2.11 g/t gold including 1.5 m of 5.42 g/t gold
•Results for holes DL-006, DL-007a and DL-008 are pending.
[url=https://peketec.de/trading/viewtopic.php?p=1769118#1769118 schrieb:Fischlaender schrieb am 24.07.2017, 11:37 Uhr[/url]"]Morgen! :D
Ich bin aehnlich fett positioniert wie Anfang 2016, als der erste Run losging. Imho sehen wir in den naechsten Wochen den Beginn eines aussergewoehnlichen Anstiegs im Rohstoffsegment. Die Minenaktien haben sich trotz des bereits beachtlichen Absetzens des Goldpreises von der 1200er Marke kaum bewegt, da besteht erhebliches und ueberproportionales Nachholpotential, wenn der weitere Aufschwung des Goldpreises erfolgt.
Hab einiges an Kernpositionen mittelgrosser Explorer oder Produzenten wie zB GORO, TREK, NSU, OSK, LGD, DPM, etc.
Und erhebliche Mengen an Pennystocks wie WHN, ADG, IGO, KG, OPW, GBR, ANG, MEX, PEX, RYR usw.
Erstere Positionen sollten sich dann linear bis exponential zum Goldpreis entwickeln (und solange man in dem Segment zu Qualitaetstiteln greift ist das imho vollkommen egal welche Werte man nimmt, die werden alle steigen), letztere sind die "Optionsscheine".
[url=https://peketec.de/trading/viewtopic.php?p=1777933#1777933 schrieb:greenhorn schrieb am 07.09.2017, 09:39 Uhr[/url]"]NLC - sieht vom Chart her interessant aus. könnte nun drehen![]()
[url=https://peketec.de/trading/viewtopic.php?p=1777727#1777727 schrieb:greenhorn schrieb am 06.09.2017, 13:57 Uhr[/url]"]September 06, 2017 07:00 ET
Neo Lithium Announces PEA To Be Based On 35,000 Tonnes Of Lithium Carbonate Per Year; Provides Progress Report On 3Q Lithium Project
http://www.marketwired.com/press-re...arbonate-per-year-tsx-venture-nlc-2232584.htm
TORONTO, ON--(Marketwired - September 06, 2017) -
Preliminary Economic Assessment expected for October 2017 - Based on production rate of 35,000 tonnes per year of lithium carbonate
Surface easement for mine construction granted by mining authorities
Environmental Impact Assessment required for final mining permit expected for Q1 2018 - Baseline data completed for summer, fall and winter
Winter season program successfully completed
Weather monitoring station and pilot pond evaporation successfully implemented and data is currently being analyzed for production scale pond design
Neo Lithium Corp. ("Neo Lithium" or the "Company") (TSX VENTURE: NLC) (OTCQX: NTTHF) is pleased to announce its progress on the development of its wholly owned Tres Quebradas lithium brine project ("3Q Project") in Catamarca Province, Argentina. As the winter season in the southern hemisphere comes to an end, Neo Lithium is pleased to report that the camp, roads, weather station and the pilot evaporation ponds operated as expected throughout the winter season, demonstrating that its operational team and planning activities have been very successful, with no disruption due to seasonal factors.
[url=https://peketec.de/trading/viewtopic.php?p=1776208#1776208 schrieb:Kostolanys Erbe schrieb am 30.08.2017, 15:56 Uhr[/url]"]Nachtrag:
Transatlantic Mining closes first tranche of financing
2017-08-28 12:45 ET - News Release
Mr. Bernie Sostak reports
TRANSATLANTIC MINING CORP. CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT AND US GRANT PROPERTY ACQUISITION
Transatlantic Mining Corp. has provided the following update with respect to the private placement financing and property acquisition announced July 19, 2017. The company has received TSX Venture Exchange approval to close its first-phase financing of subscription receipts at 10 cents per subscription receipt. The company has received subscriptions for a total of 22 million subscription receipts for total gross proceeds of $2.2-million, and has now closed on that phase of the financing.
The company has also received exchange approval to close its acquisition of the U.S. Grant mine property in Montana, and that transaction has now also closed. The closing funds in the amount of $1.65-million (U.S.) were provided by the proceeds of the subscription receipt financing referred to in the foregoing. Under the original mining lease and option to purchase agreement, the company will be required to make a further payment of $2-million (U.S.) on the first anniversary of closing and a further $2-million (U.S.) on the second anniversary of closing.
As a result of the closing of the U.S. Grant transaction, the subscription receipts have now automatically converted into units of the company on a 1:1 basis. Accordingly, the 22 million subscription receipts have been converted into an equivalent number of units, with each unit comprising one common share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share of the company for a period of one year at a price of 15 cents. The common shares and share purchase warrants are subject to a four-month hold period.
The company is continuing with the second phase of the financing announced on July 19, 2017, comprising up to 53 million units at a price of 10 cents per unit for additional proceeds of up to $5.3-million. The units under the second phase financing are identical to the units issued upon conversion of the subscription receipts, as referred to in the foregoing. Finders' fees in cash and/or securities are payable under both the first and the second phases of the financing. The company expects to update the status of the second-phase financing in the near future, including the finders' fees paid and the hold period expiry dates for both phases.
About Transatlantic Mining Corp.
Transatlantic Mining is an emerging precious and base metal explorer, developer and producer. The company has a focus on high-grade mining in stable mining jurisdictions. The company is engaged in controlling and owning mineral property interests, such as an 80-per-cent earn-in option on the Monitor copper-gold project in Idaho and the U.S. Grant gold-silver mine and mill complex in Montana.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aTCO-2499141&symbol=TCO®ion=C
[url=https://peketec.de/trading/viewtopic.php?p=1773903#1773903 schrieb:Kostolanys Erbe schrieb am 16.08.2017, 20:30 Uhr[/url]"]
Transatlantic Mining retracts disclosure on U.S. Grant
2017-08-16 13:36 ET - News Release
Mr. Bernie Sostak reports
TRANSATLANTIC MINING CORP. CLARIFIES DISCLOSURE
As a result of a review by the British Columbia Securities Commission, Transatlantic Mining Corp. is issuing the following news release to clarify its disclosure.
On Aug. 16, 2017, the company posted a revised corporate presentation to its website. That revised presentation referenced an economic assessment on the U.S. Grant property based on a historical resource estimate and drill results, contrary to Section 2.3(1)(b) of National Instrument 43-101. The company hereby retracts that disclosure. It is anticipated that a corrected corporate presentation will be posted to the company's website in the immediate future.
About Transatlantic Mining Corp.
Transatlantic Mining is an emerging precious and base metals explorer, developer and producer. The company is engaged in controlling and owning mineral properties interests, such as an 80-per-cent earn-in option on the Monitor copper-gold project in Idaho.
In January, 2016, the company entered a lease/purchase option agreement on 100 per cent of the U.S. Grant gold-silver mine and mill complex in Montana, which has developed a concentrate within 12 months. The company also holds an exclusive lease with option to purchase on the Kearsage claim group comprising approximately 700 acres, located approximately four miles from the U.S. Grant mine.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C:TCO-2495823&symbol=TCO®ion=C
[url=https://peketec.de/trading/viewtopic.php?p=1778189#1778189 schrieb:Kostolanys Erbe schrieb am 07.09.2017, 22:23 Uhr[/url]"]Africa Oil Receives One Year License Extension in Ethiopia’s Rift Basin Block
Rift Basin Block operator Africa Oil has announced that the Ethiopian Ministry of Mines, Petroleum and Natural Gas has awarded the Canadian company a one year extension to the block license which will now expire in February 2018.
The extension is intended to allow the operator time to pursue its drilling options after completing 2D seismic acquisition of a 600 kilometer land and lake survey in the third quarter of 2015 which identified source rock outcrops and oil slicks on the lakes in the block where there was previously no existing seismic or wells.
The seismic also identified Ngamia-style structures reachable from shore as well as large structures offshore could provide materiality once basin is ‘proven’.
The explorer is also expected in the meantime to seek for a joint venture partner following the departure of American explorer Marathon Oil which had acquired a 50% interest in the Rift Basin Area in 2014.
This is the second extension after the Government of Ethiopia granted a twelve month extension to the initial exploration period last year, which expired in February 2017.
The Rift Basin Area covers 42,519 square kilometres and is on trend and extending to the northeast of the highly prospective blocks in the Tertiary rift valley including the South Omo Block, and Kenyan Blocks 10BA, 10BB, 13T, and 12
http://www.oilnewskenya.com/africa-oil-receives-one-year-license-extension-ethiopias-rift-basin-block/
[url=https://peketec.de/trading/viewtopic.php?p=1778300#1778300 schrieb:greenhorn schrieb am 08.09.2017, 10:27 Uhr[/url]"]AOI - mal ne Kleinigkeit Long zu 1,17 Euro
[url=https://peketec.de/trading/viewtopic.php?p=1778189#1778189 schrieb:Kostolanys Erbe schrieb am 07.09.2017, 22:23 Uhr[/url]"]Africa Oil Receives One Year License Extension in Ethiopia’s Rift Basin Block
Rift Basin Block operator Africa Oil has announced that the Ethiopian Ministry of Mines, Petroleum and Natural Gas has awarded the Canadian company a one year extension to the block license which will now expire in February 2018.
The extension is intended to allow the operator time to pursue its drilling options after completing 2D seismic acquisition of a 600 kilometer land and lake survey in the third quarter of 2015 which identified source rock outcrops and oil slicks on the lakes in the block where there was previously no existing seismic or wells.
The seismic also identified Ngamia-style structures reachable from shore as well as large structures offshore could provide materiality once basin is ‘proven’.
The explorer is also expected in the meantime to seek for a joint venture partner following the departure of American explorer Marathon Oil which had acquired a 50% interest in the Rift Basin Area in 2014.
This is the second extension after the Government of Ethiopia granted a twelve month extension to the initial exploration period last year, which expired in February 2017.
The Rift Basin Area covers 42,519 square kilometres and is on trend and extending to the northeast of the highly prospective blocks in the Tertiary rift valley including the South Omo Block, and Kenyan Blocks 10BA, 10BB, 13T, and 12
http://www.oilnewskenya.com/africa-oil-receives-one-year-license-extension-ethiopias-rift-basin-block/
[url=https://peketec.de/trading/viewtopic.php?p=1778407#1778407 schrieb:greenhorn schrieb am 08.09.2017, 14:49 Uhr[/url]"]da die Autohersteller ordentlich Gas geben in Richtung Elektromobilität sollten Lithiumwerte weiter interessant bleiben/werden![]()
[url=https://peketec.de/trading/viewtopic.php?p=1778525#1778525 schrieb:dukezero schrieb am 10.09.2017, 08:27 Uhr[/url]"]» zur Grafik
[url=https://peketec.de/trading/viewtopic.php?p=1778540#1778540 schrieb:sudoer schrieb am 10.09.2017, 11:09 Uhr[/url]"]Ich vermute, daß die Anzahl der Marktteilnehmer, die aus der aktuellen Situation ein bärisches Szenario herauslesen, deutlich kleiner ist, als die der Bullen. Aber warum performen die Minen dann noch nicht? Große Einstiegschance weil der Markt noch nicht reagiert hat?
NYSE ARCA GOLD BUGS A0MMBG vs. Gold
» zur Grafik» zur Grafik
» zur Grafik» zur Grafik
[url=https://peketec.de/trading/viewtopic.php?p=1778525#1778525 schrieb:dukezero schrieb am 10.09.2017, 08:27 Uhr[/url]"]» zur Grafik
[url=https://peketec.de/trading/viewtopic.php?p=1776155#1776155 schrieb:marcovich schrieb am 30.08.2017, 13:03 Uhr[/url]"]Charttechnisch sieht s auch nicht so schlecht aus, meines Erachtens.. Vol. nimmt zu .. heute +7% - mit Financial Report + Year Highlights
http://news.iguana2.com/macquaries/ASX/ALK/848619
» zur Grafik
[url=https://peketec.de/trading/viewtopic.php?p=1775758#1775758 schrieb:marcovich schrieb am 28.08.2017, 16:39 Uhr[/url]"]back from holidays...
Gute Nachrichten nach meiner Einschätzung. Der Senior MD ist zurück getreten und macht den Weg frei für den "Nachwuchs" - neuer Managing Director ist Nic Earner, welcher bereits die Goldmine als COO in Gang gebracht hat. Halte ihn für einen guten Mann und kann mir auch vorstellen, dass die möglicherweise finanzierenden Institute "den Change" im Management eingefordert haben .. bevor sie 1/2 Mrd zur Verfügung stellen für Dubbo ..
http://www.dailyliberal.com.au/story/4875291/new-face-at-alkanes-helm/
stehen einige News an ~ Sept..
Modulare Studie und damit konkrete angepasste BFS
Drilling Results
Offtake, Finanzierung etc ..
schauen wir mal...
[url=https://peketec.de/trading/viewtopic.php?p=1768696#1768696 schrieb:marcovich schrieb am 21.07.2017, 08:12 Uhr[/url]"]Moin,
zu Alkane wurden gestern 2 Artikel veröffentlicht, Volumen wieder gut und mit 0,33AUD charttechnisch auch interessant, finde ich. Positiv auch, dass nach dem 20% Anstieg Anfang der Woche, kaum VK Druck aufkam ..
http://www.dailyliberal.com.au/story/4802213/alkane-seeking-500m/
"Mr Chalmers said the company was “extremely positive” about the project, based on one of the world’s largest in-ground resources of zirconium, hafnium, niobium, yttrium and rare earth elements at Toongi. “Internally...we’re still targeting late this year to start construction,” he told the Daily Liberal."
“The thing we are starting to see, and it has been happening this year, is some of the prices for our key products in the rare earth space and the zirconium space, have definitely kicked up,” he said. “We’ve had 20 per cent, 30 per cent rises for some of the key products. That’s huge for us. It helps us with the financing.”
https://investorintel.com/sectors/technology-metals/technology-metals-intel/2017-year-alkane-resources/
"It’s not often that you come across a junior with a decent cash flow situation, and very rare indeed to find one so strong. The company’s gold sales have enabled them to remain safely on the right side of the rare-earth market, and the case for REE supply outside of China has never been better. Alkane have one of the world’s largest in-ground resources of zirconium, hafnium, niobium, yttrium and rare earth elements; so large, in fact, it is expected to process 1,000,000 tonnes of ore each year over a period of 70 years or more, the first 20 of which are already fully permitted. I’ll say it one more time; this is going to be one hell of a year for Alkane Resources."
[url=https://peketec.de/trading/viewtopic.php?p=1767917#1767917 schrieb:marcovich schrieb am 18.07.2017, 08:47 Uhr[/url]"]Morgen,
Alkane heute mit Q und FY2017 Bericht - sehr gutes Quartal, Kurs reagiert unter hohem Volumen mit +19% auf 0,31 AUD, ~30 Mio Cashflow, dazu die sehr positiven Preisentwicklungen bei den REE's und Zirkonium (+ ca. 30% seit Anfang des Jahres) welche hoffentlich bald mal zu einer Finanzierung des Dubbo Projekts führen ..MCap etwa 150 Mio AUD, geplanter Cashflow 2018 von ~40 Mio AUD bei aktuellem Gold Preis, 45 Mio AUD Cash auf der Bank. Vielleicht springt sie jetzt wieder an ..
Tomingley Gold Operations (TGO)
 Record gold production in the quarter of 27,924 ounces at AISC of A$906/ounce completed an
excellent second half of the 2017 financial year.
 Site operating cash flow after development costs for the quarter was A$30.7M.
 Quarter Results
o Gold production was above forecast at 27,924 ounces and well above the previous quarter
of 18,721 ounces
o Site operating cash costs reduced to A$702/ounce with all in sustaining costs (AISC) of
A$905/ounce
o Gold sales 31,107 ounces for revenue of A$52.6 million at an average price of
A$1,690/ounce
o Gold forward contracts at 30 June 2017 of 17,500 ounces at average price of
A$1,716/ounce.
 Full year production for FY2017 was 68,836 ounces with an AISC of A$1,335/ounce, including H2
production of 46,645 ounces with an AISC of A$1,038/ounce, generating cash flow of A$32.7
million (full year site operating cash flow after development costs).
...
Q Activities Report
http://news.iguana2.com/macquaries/ASX/ALK/843262
» zur Grafik
[url=https://peketec.de/trading/viewtopic.php?p=1763976#1763976 schrieb:marcovich schrieb am 27.06.2017, 10:12 Uhr[/url]"]Morgen,
....
Heute positive News bei Alkane Resources, wenigstens das Goldprojekt scheint besser zu laufen aktuell, ordentliche Prognosenanhebung, 30% mehr Output bei 30% weniger Kosten, etwa 15-20 Mio AUD mehr ..Kurs trotzdem verhalten mit nur +4%:
Improved Gold Production Leads to Revision of FY17 Guidance
June 27, 2017
Tomingley Gold Operations (TGO)
Strong performance continues from the previous quarter with gold production of over 17,000 ounces across April and May. Full details will be released with the quarterly report in July.
Guidance upgraded with an expected H2 FY17 of 43,000 – 45,000 ounces at an AISC of A$1,000 – A$1,100 from the guidance of 31,000 – 36,000 ounces at an AISC of A$1,350 – A$1,550 published in January 2017. Site cash costs (C1) for the current quarter are anticipated to be in the range of A$750 – A$850.
Full year guidance for FY17 has been revised to production of 65,000 – 67,000 ounces at an AISC of A$1,300 – A$1,400.
FY18 expected to be 65,000 – 70,000 ounces at an AISC of A$1,100 – A$1,200.
TGO continued at high production levels in the current quarter, above forecast. This was due to the release of higher grade ore, particularly from the Caloma and Caloma Two pits, and generally clear weather following a difficult H1 FY17 caused by persistent heavy rain events.
Mining is also occurring in the Wyoming One pit, although this is predominantly waste stripping. Underground and ExplorationDrilling Core drilling below the Wyoming One open pit and regional aircore/core drilling south of the TGO mine site are continuing. Further results will be released over the next several months as the programs proceed.
die müssen jetzt mal mit News rauskommen für Dubbo, das große Projekt, Teilfinanzierung, Offtakes, etc .. wenn das passiert, sehe ich einen Xbagger, wenn nicht, hält die Goldproduktion wenigstens den aktuellen Kurs ..
[url=https://peketec.de/trading/viewtopic.php?p=1778605#1778605 schrieb:Ollinho schrieb am 11.09.2017, 08:31 Uhr[/url]"]Guatemalan Supreme Court Reinstates Escobal License
VANCOUVER, British Columbia, Sept. 10, 2017 /PRNewswire/ -- Tahoe Resources Inc. (TSX: THO, NYSE: TAHO) ("Tahoe" or the "Company") reported today that the Guatemalan Supreme Court issued a decision that reinstates the Escobal mining license of Tahoe's Guatemalan subsidiary, Minera San Rafael ("MSR"). This decision reverses the Supreme Court's preliminary decision to suspend MSR's license in connection with an action brought by the anti-mining organization, CALAS, against Guatemala's Ministry of Energy and Mines ("MEM"). CALAS alleges that MEM violated the Xinca indigenous people's right of consultation in advance of granting the Escobal mining license to MSR.
As part of its decision, the Supreme Court ordered MEM to conduct a consultation under ILO Convention 169. Per the ruling, MEM has been ordered to consult with the Xinca indigenous communities within a certain geographic area and report results of the consultation to the satisfaction of the Court within 12 months. Tahoe is seeking clarification from the Supreme Court on the specific geographical departments to be included within the scope of MEM's consultation. Although Tahoe believes that MEM complied with ILO Convention 169 before it issued the Escobal license, it will fully support MEM in any of its future indigenous engagement and will encourage MEM to involve independent ILO 169 experts to assist in this process.
The Company expects that CALAS, the Xinca Parliament and other interested parties may appeal the Supreme Court's ruling to the Constitutional Court. The following parties have standing and the ability to appeal the ruling: MSR, MSR's employees and vendors, the Xinca Parliament, CALAS, and judicially designated municipalities. After the Supreme Court rules on MSR's motion for clarification, MSR will have a right to appeal the matter to the Constitutional Court if it deems necessary. The Constitutional Court is expected to rule on all appeals by the end of the year.
While the Supreme Court ruling allows Escobal operations to commence immediately, the illegal roadblock at Casillas is ongoing, preventing an immediate restart of operations at this time. The Company continues to work with the government, community leaders and international mediation experts to resolve the roadblock situation peacefully and expeditiously. Upon a resolution of the blockade, the Company expects to resume production at Escobal within a week.
Ron Clayton, Tahoe Resources President and Chief Executive Officer, commented: "We are pleased that the Supreme Court of Guatemala has abided by legal precedent and restored MSR's license to operate the Escobal mine. The Company respects the rights of indigenous people in all jurisdictions in which we operate and are always willing to engage with any community members in those jurisdictions. We remain focused on peacefully resolving the blockade at Casillas. While we support the rights of all peoples to peacefully protest, we do not support the illegal blockage of public highway by non-locals which has had a devastating economic impact on our employees, contractors and communities. Once the road is re-opened at Casillas, we will resume full operations without disruption and put our valued employees and vendors back to work, support the economy of our local communities and return value to our shareholders."
As reported previously, until operations begin, the Company is only able to access $75 million of the $300 million capacity of its revolving credit facility entered on July 18, 2017, and may continue to be subject to events of default. Upon resumption of operations, the Company expects to provide an update on Escobal production that has been deferred to future periods. The Company expects to update previously suspended guidance for the gold operations, including exploration, later in the month.
About Tahoe Resources Inc.
Tahoe's strategy is to responsibly operate mines to world standards and to develop high quality precious metals 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.
>>> http://www.tahoeresources.com/guatemalan-supreme-court-reinstates-escobal-license/
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