VANCOUVER, April 22, 2018 /PRNewswire/ - Tahoe Resources
Inc. ("Tahoe" or the "Company") (TSX: THO, NYSE: TAHO) reports
a labor strike at its La Arena mine in Peru, which started on Friday, April 20 at 5pm
CT. The Company is currently in an active collective
bargaining period with the La Arena Union which occurs annually.
The Union represents approximately 65% of the total workforce at La
Arena. The Company recently paid the workers its annual profit
sharing as defined by Peruvian Labor Law. Profit sharing is paid by
all mines in Peru in strict
accordance with the Labor Law. However, the La Arena Union has
indicated that they want to be compensated a higher amount of
profit sharing than has been established in the Labor Law.
The Company is in active dialogue with the La Arena Union and is
looking forward to achieving a mutually-agreeable solution in the
near-term. In the meantime, not all employees are participating in
the strike and production is not currently expected to be
materially and adversely impacted. The Company will provide notice
once an agreement is reached.
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.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This press release contains "forward-looking information"
"forward-looking information" within the meaning of Section 27A of
the United States Securities Act of 1933, as amended, Section 21E
of the US Exchange Act, the United States Private Securities
Litigation Reform Act of 1995, or in releases made by the United
States Securities and Exchange Commission, all as may be amended
from time to time, and "forward-looking information" under the
provisions of applicable Canadian securities legislation,
concerning the business, operations and financial performance and
condition of the Company. All statements, other than statements of
historical fact, are forward-looking statements. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects", "is
expected", "scheduled", "estimates", "forecasts", "intends",
"anticipates", "believes", or variations or comparable language of
such words and phrases or statements that certain actions, events
or results "may", "could", "would", "should", "might" or "will be
taken", "occur" or "be achieved" or the negative connotation
thereof.
Forward-looking statements include, but are not limited to,
statements related to the impact of the labor strike on production
at the La Arena mine and the timing and likelihood of a mutually
agreeable resolution.
Forward-looking statements are based on certain assumptions and
are subject known and unknown risks, uncertainties and other
factors that may cause actual results to be materially different
from those expressed or implied by such forward-looking statements.
Such assumptions, risks and uncertainties are discussed in more
detail in our public filings available on SEDAR at www.sedar.com,
on EDGAR at www.sec.gov or on the Company's website at
www.tahoeresources.com.
Although management has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such forward-looking
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. Forward-looking statements are made as
of the date hereof and, accordingly, are subject to change after
such date. Except as otherwise indicated by the Company, these
statements do not reflect the potential impact of any non-recurring
or other special items or of any disposition, monetization, merger,
acquisition, other business combination or other transaction that
may be announced or that may occur after the date hereof.
Forward-looking statements are provided for the purpose of
providing information about management's current expectations and
plans and allowing investors and others to get a better
understanding of the Company's operating environment. The Company
does not intend or undertake to publicly update any forward-looking
statements that are included in this document, whether as a result
of new information, future events or otherwise, except as, and to
the extent required by, applicable securities laws.
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SOURCE Tahoe Resources Inc.