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Lawsuit against Tahoe Resources cleared for trial in Canada, ‘Tip of the Iceberg’ with regard to risks

  • Lawsuit against Tahoe Resources in Canada cleared for trial
  • Persistent and potentially far-reaching corruption allegations against Guatemalan authorities responsible for authorizing Escobal mine
  • Lack of community support and human rights risks at Escobal affects investor confidence

Lawsuits in Canada and Guatemala against Tahoe Resources and its representatives, and the ongoing investigation for corruption of Guatemalan officials responsible for permitting the Escobal mine, put in question the legality and legitimacy of this company’s flagship project, as well as the viability of its future expansion. Lack of support for the mine project from communities where Tahoe plans to expand, which the company itself has acknowledged is “mixed” and which has prevented it from connecting to the national electricity grid, signals increased danger of further repression, conflict, and human rights violations should Tahoe persist to grow the project. Such risks have already affected investor confidence in Tahoe Resources…