Tahoe Resources Sharply Higher Off Favorable Court Ruling

Tahoe Resources Sharply Higher Off Favorable Court Ruling”

Shares of Tahoe Resources Inc (TSX:THO)(NYSE:TAHO) was up 40% an hour into trading on September 11 as Guatemala's Supreme Court reinstated the company's license for the Escobal mine. In reaction, shares of the precious metals miner are up almost 40% in Monday's trading session. In early July the silver mining company saw its stock price nearly halve when the Supreme Court upheld a decision by a lower tribunal to suspend two mining licenses.

The Company expects that CALAS, the Xinca Parliament and other interested parties may appeal the Supreme Court's ruling to the Constitutional Court.

Today's decision reverses the Supreme Court's preliminary decision to suspend the company's license in connection with an action brought by CALAS.

Tahoe CEO Ron Clayton released a statement in a press release. "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". Royal Bank Of Canada upgraded Tahoe Resources from a "sector perform" rating to an "outperform" rating and decreased their price objective for the stock from $27.00 to $19.00 in a report on Monday, December 12th.

Tahoe Resources has PE ratio of 12.11 with a one year low of $4.24 and a one year high of $14.60 and has a market capitalization of $0. The Company's principal business activities are to operate the Escobal mine, a silver mining operation in southeastern Guatemala; the La Arena mine, a gold mining operation located in northwestern Peru, and the Shahuindo gold mine, located in northwestern Peru.

Like this


11 September 2017
Miss Texas Slams Trump Over His Response to Charlottesville
The Miss America competition, now in its 96th year, is not the same as the Miss USA pageant which was formerly owned by Mr Trump. Once we reject that, we take ourselves out of the negotiation table.

11 September 2017
Jordan Howard barely out touches Tarik Cohen in Bears' loss
He's a playmaker and we're lucky to have him. "But we didn't really know how they were going to use him, what to expect". And to get Howard in the end zone, Cohen took a snap out of a Wildcat formation and handed the ball off.

11 September 2017
Jaguars WR Allen Robinson (ACL) done for season
Although Bortles won Sunday, the shaky quarterback will have to do so without one of his most reliable targets. We now know it's because he suffered a serious knee injury and is out for the season with a ton ACL.

11 September 2017
United States proposes United Nations resolution to ban oil exports to North Korea
The U.S. and South Korea should "immediately stop the deployment process and withdraw relevant equipment", Geng said. Pyongyang marks its founding anniversary each year with a big display of pageantry and military hardware.

11 September 2017
BP files for New York IPO of United States pipeline assets
The IPO is expected to occur in the fourth quarter of 2017 depending on market conditions. BP had flagged in July that it was considering such a spinoff and.

11 September 2017
Cardinals waiting to find out severity of David Johnson's wrist injury
The Arizona Cardinals announced running back David Johnson suffered a wrist injury in Sunday's 35-23 loss to the Detroit Lions . However, with three starters going down in Week 1, there is concern, especially for Humphries and Johnson.

11 September 2017
Tesla begins Supercharger network city expansion with Chicago and Boston
Inside, there's a new 72 kilowatt architecture that delivers that full power to each auto connected. It's using a new Supercharger design that Tesla has come up with for urban settings.

11 September 2017
China bitcoin exchanges awaiting clarification on closure report
Bitcoin was trading 2% down today at around $4,166 Monday afternoon, down 15% from its record high at the beginning of September. A spokeswoman for Beijing-based OK Coin said the platform has not received any notification from regulators.

11 September 2017
'Super Mario 64 Online' lets upto 24 people to play together online
The roster includes Waluigi, Wario, Luigi, Yoshi, Toad, Princess Peach, and even Super Mario Galaxy's Rosalina. If you are a fan of Mario or Super Mario 64 you should definitely snag this mod while you can.

11 September 2017
Audi teases rear-wheel drive R8 — FRANKFURT MOTOR SHOW
The rear-wheel-drive version will be the fifth R8 variant in the German supercar's line-up and may be the new entry-level model. Interestingly, so far, only being offered with the Quattro system was what set the Audi R8 apart from the Lamborghini Huracan.