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News Breaks | | | | March 8, 2013 | | 08:05 EDT |  | TAHO | Tahoe Resources says Escobal on-track for 2013 mill commissioning
Tahoe Resources announced financial results for the year ending December 31, 2012, and updated construction progress at its flagship Escobal project in Guatemala. Significant results for 2012 include net loss for 2012 amounted to $93.5M or (65c) per share and 2012 cash outflow from operating activities amounted to $87.8M. The company said EPCM activities for the process plant and ancillary facilities reached 69 percent completion by year-end. The project remains on schedule and on budget for mill commissioning in the second half of 2013 and commercial production in early 2014, Tahoe said. | |
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