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Tahoe Resources TAHO

"Tahoe Resources Inc is a mining firm. It is engaged in the operation of mineral properties for the mining of precious metals in America."


NYSE:TAHO - Post by User

Post by theciscokidon Aug 06, 2018 12:16am
443 Views
Post# 28417209

Taho Internal From: Alexandra Barrow

Taho Internal From: Alexandra BarrowFrom: Alexandra Barrows [mailto:ABarrows@tahoeresources.com] 
Sent: Tuesday, July 31, 2018 10:41 AM
To: Alexandra Barrows
Subject: C
 
Good morning, All. 
 
I understand Mr. Turner has blogged on us again (it’s been a while!), so I thought I’d provide a bit of clarification and context on his latest post in case you have any inbound calls this morning. As always, I’m also happy to jump on the phone.
 
1.      We do understand at least a portion of the Guatemalan University’s reports that were requested back in March by the Constitutional Court (CC) were leaked to Nomada, however haven't been formally notified by the CC regarding these studies nor provided with a copy
2.      For context, Nomada is more of an activist left-leaning online newspaper in Guatemala
3.      The Nomada article alleges that they are Xinka in the area around Escobal.  However, as you all know very well by now, in September 2017, the Supreme Court already declared that there were Xinkas in the surrounding areas and that an ILO 169 Consultation would need to take place, so this isn’t really new
4.      I’d like to remind you that as recently as February, Tahoe directly acknowledged the existence of Xinka in the communities surrounding the mine in addition to announcing our intention to develop a standalone indigenous people’s policy:https://www.tahoeresources.com/English/investors/news-releases/press-release-details/2018/TAHOE-TO-DEVELOP-COMPREHENSIVE-INDIGENOUS-PEOPLES-POLICY-IN-2018/default.aspx
5.      Finally, if the CC upholds with the Supreme Court, the consultation will need to take place as outlined in their ruling.  ILO 169 is a government-to-government consultation process that must be conducted by the Ministry of Energy and Mines (“MEM”). 
 
 
Please let me know if you have any other questions otherwise we’ll look forward to speaking with you all on our conference call Thursday morning 7am PT/10am ET.
 
Cheers,
Alex
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