TSX- and NYSE-listed Tahoe Resources has restarted mining operations at the La Arena mine, in Peru, and has shed more details about its understanding of the Guatemala Constitutional Court’s resolution related to the Escobal mining licence.
At La Arena, Tahoe said on Friday that mining operations had resumed following an eight-day suspension as a result of a protest over the alleged impacts of dust and vibration from blasting activities on the La Ramada community.
The company and the community have agreed to a formal dialogue, which is being held under the auspices of the Ministry of Energy and Mines.
The suspension, combined with a labour strike in the second quarter, will result in production at La Arena coming in at the lower-end of its guidance for the year. The mine is forecast to produce between 160 000 oz and 185 000 oz in 2018.
Meanwhile, CEO Jim Voorhees said that Tahoe was disappointed that the Escobal mine, in Guatemala, would remain suspended during a court-ordered consultation process with the Xinka community, but said that the court resolution provided some certainty after a prolonged period of inaction in the legal system.
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