Mon, Feb. 9, 12:46 PM
Mon, Feb. 9, 7:59 AM
- Tahoe Resources (NYSE:TAHO) agrees to acquire Rio Alto Mining (NYSE:RIOM) in a cash and stock deal valuing RIOM at ~C$1.4B ($1.12B), based on Friday's closing stock prices, in a bid to expand its presence in Latin America.
- RIOM shareholders would receive 0.227 of a TAHO share and $0.01 cash per share, making the offer worth ~C$4/share, a 22% premium to RIOM's C$3.28 closing price Friday on the Toronto Stock Exchange.
- TAHO controls the Escobal silver mine in Guatemala, while RIOM owns the La Arena gold mine and the Shahuindo gold project in Peru.
- Goldcorp (NYSE:GG) owns ~39% of TAHO shares and is supporting the deal.
Thu, Feb. 5, 8:16 AM
Tue, Jan. 20, 11:58 AM
- Tahoe Resources (TAHO +3%) reports FY 2014 production of 20.3M oz. of silver from its Escobal mine. at the high end of expectations, and forecasts 2015 silver production of 18M-21M oz.
- TAHO says year-end silver production was particularly strong, resulting in a December surplus of unsold concentrates that increased normal inventory by 1M oz. that will be sold to customers in Q1 2015.
- After starting the Escobal mine's first year of production on time and meeting production and cost goals, TAHO says the second year of full production will focus on optimizing operating performance and costs.
Thu, Jan. 8, 8:52 AM
Dec. 26, 2014, 3:34 PM
- Spurred by hopes China's efforts to relax lending rules are a sign that broader (inflation-boosting) stimulus efforts are on tap, gold and silver prices are rallying, and taking the shares of miners up with them. COMEX gold is up 1.8% to $1,194.50/oz., and COMEX silver is up 2.5% to $16.11/oz. GLD +1.7%. SLV +2.2%.
- Gold stocks: AUY +3%. GG +4.6%. AGI +4.1%. ABX +3.4%. KGC +3.7%. GFI +3.7%.
- Silver stocks: SLW +2.3%. SSRI +6.9%. PAAS +1.9%. AG +3.6%. CDE +4.1%. HL +4.2%. SVM +6.8%. EXK +5.4%. TAHO +5.3%.
- Like many other commodities names, the group was hit hard a month ago when crude prices plunged in response to OPEC's decision to leave oil production unchanged.
- ETFs: AGQ, IAU, USLV, SIVR, SGOL, ZSL, UGL, DGP, GLL, UGLD, DZZ, SLVO, GLDI, DSLV, OUNZ, DGL, DBS, DGZ, DGLD, AGOL, TBAR, USV, UBG, GLDE, BAR, GYEN, GEUR, BARS, GGBP
Dec. 3, 2014, 4:45 PM
- Goldcorp (NYSE:GG) says it will examine its future investment plans in Guatemala following the country's move to raise mining royalties to 10% from 1%.
- GG, which operates the Marlin mine - Guatemala's largest - says it will need to take a closer look at its future investment in the country as a result of the new measures.
- The Marlin mine is expected to produce up to 185K oz. of gold this year but is nearing the end of its life, so GG says the new measures would have a limited impact on its overall financials.
- Tahoe Resources (NYSE:TAHO) also is seen as threatened by the mining royalty hike.
Dec. 1, 2014, 10:59 AM
- Tahoe Resources (TAHO -8.4%) plunges on news that Guatemala's congress passed legislation to raise the royalty tax on mining projects to 10% from the current 5% rate.
- BMO Capital calculates that the tax hike reduces TAHO's net present value by 11% at spot metal prices and would lower EPS by 15%.
- TD Securities notes that TAHO pays a 7% net smelter royalty in an addition to the mining royalty, and says a combined 17% tax structure would rank "among the most burdensome anywhere in the mining industry."
Nov. 28, 2014, 1:21 PM
- Already hit hard over the last two years by declining prices, gold and silver miners saw more pain today as commodity stocks in general got hammered thanks to OPEC's decision not to slash crude production.
- Decliners: ABX -8%. GG -6.1%. AUY -9.8%. KGC -8.2%. GFI -9.9%. SLW -7%. NEM -5.8%. AGI -6.9%. PAAS -9%. AG -15.4%. SSRI -11.6%. CDE -11.4%. HL -8.8%. TAHO -7.8%.
- Previous: Precious metals slide alongside oil; Swiss vote ahead
Nov. 12, 2014, 9:00 AM
Nov. 12, 2014, 5:57 AM| Comment!
Nov. 10, 2014, 5:35 PM
Aug. 12, 2014, 4:21 PM
Jul. 7, 2014, 5:31 PM
- A major earthquake that shook Mexico's west coast near the Guatemalan border this morning is causing concerns about the immediate future of industries in the region; two U.S.-listed mining companies maintain operations in the quake-affected areas.
- Goldcorp’s (GG) Marlin gold mine made up 7.6% of the company’s 2013 production, but that figure is expected to drop in 2014 and it is not known if operations are affected by the strike.
- Tahoe Resources' (TAHO) Escobal silver mine in southeast Guatemala comprises all of the company’s production, but the quake was most felt on the other side of Guatemala.
May. 8, 2014, 10:02 AM
Mar. 25, 2014, 11:39 AM
- Silver prices below $20/oz. should worry some investors, as several miners may need to adjust their plans if spot prices weaken further, Dundee's Chris Lichtenheldt says as he breaks down how specific companies will be impacted.
- The analyst says Coeur Mining (CDE) is an ideal sell or short candidate, Endeavour Silver (EXK) is essentially breakeven at $19 silver, and Silver Standard (SSRI) has been a top performer YTD but is a high-cost operator.
- As for Dundee's potential winners: Tahoe Resources (TAHO) is a low-cost operator with a best-in-class asset, Silver Wheaton's (SLW) balance sheet is solid above $15 silver, and Pan American Silver's (PAAS) strong balance sheet should provide a cushion as higher-cost operations have improved.
- ETFs: SIL, SLVP, SILJ
TAHO vs. ETF Alternatives
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