Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 259

Guatemalan Constitutional Court Resolution Finalized

Posted by fidest press agency su venerdì, 12 ottobre 2018

Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO) (NYSE: TAHO) report that the Guatemalan Constitutional Court responded to the requested clarifications regarding the Court’s final resolution on the Escobal mining license, dated September 3, 2018. With this action, the Court’s resolution is now final. There is an administrative period during which the resolution will be sent to the Supreme Court and then to the Ministry of Energy and Mines (“MEM”). Upon receipt of the resolution, MEM can then begin Stage 1 of the court-ordered ILO 169 consultation process.The clarifications provided by the Court were predominantly administrative in nature. The primary change from the process as outlined in the Company’s press release dated September 7, 2018 is the Stage 1 – Review phase. Previously, the Ministry of Environment (“MARN”) was required to work directly with the consultant responsible for Escobal’s Environmental Impact Study (“EIS”) issued in 2011 in order to reconfirm the area of influence. However, the Court has now specified that Minera San Rafael (“MSR”) shall work with the EIS consultant, or another qualified consultant, and experts at two Guatemalan universities – Universidad del Valle and Universidad de San Carlos – to review, define, and recommend the area of influence to MARN. The Company welcomes MSR’s involvement in Stage 1 and the opportunity to work with experts to determine the most appropriate area of influence. The Court’s clarification also reconfirmed that the entire Stage 1 should be completed in one month.


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