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Stock Market & Financial Investment News

News For TAHO From The Last 14 Days
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January 20, 2015
15:19 EDTTAHOTahoe Resources downgraded to Market Perform from Outperform at Raymond James
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08:13 EDTTAHOTahoe Resources produced 20.3 moz of silver in first year
Tahoe Resources announced production results from its Escobal mine for 2014 and to provide production and cost guidance for 2015. The Escobal mine concluded its first year of commercial operations producing 20.3M ounces, or moz, of silver contained in concentrates recovered from 1.246M tonnes of ore at an average grade of 585 grams per tonne, or gpt. Q4 mill throughput averaged 3,474 tonnes per day, or tpd, and silver grade averaged 585 gpt resulting in 5.23 moz of silver. Year-end production was particularly strong, resulting in a December surplus of unsold concentrates, increasing normal inventory by approximately 1M silver ounces. This inventory surplus will be sold to customers in the Q1. Mine and mill production are expected to increase from 3500 tpd in the first half of the year to 4500 tpd in the second half. In its second year of full production, the mine will now focus on optimizing operating performance and costs. Exploration is turning to step-out programs in the region near the Escobal mine during 2015.

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