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Guatemalan Constitutional Court reverses Supreme Court ruling to reinstate Escobal mining license

Author: Tahoe Resources, Published on: 4 September 2018

…Tahoe Resources Inc…reports that it has learned through a Guatemalan Constitutional Court Press Conference held today that the Constitutional Court reversed the Supreme Court’s decision to reinstate the Escobal mining license of Tahoe’s Guatemalan subsidiary, Minera San Rafael…We understand that the Constitutional Court’s resolution orders that the Escobal mining license will remain suspended until the Ministry of Energy and Mines (“MEM”) completes the ILO 169 consultation with the Xinka communities in the region of the Escobal mine. At this time, the Company does not have a timeline for completion of MEM's ILO 169 consultation. However, in the similar case of OXEC, MEM completed the consultation within 6 months. The Constitutional Court is expected to issue a formal resolution in the next several days. Upon review of the written ruling, the Company will provide further updates…

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Related companies: Oxec (part of Energy Resources Capital) Tahoe Resources (part of Pan American Silver)