TAHOE REPORTS INCIDENT DURING COMMISSIONING AT SHAHUINDO MINE
VANCOUVER, British Columbia – February 11, 2018 – Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) reports a commissioning incident at its Shahuindo mine in Peru. At 1:30am on Saturday, February 10th, a leak was identified in the barren solution pipeline in the overland conveyer containment channel that connects to the agglomeration areas storage tank. The pipeline had been commissioned and pressure tested, but was not yet in operation.
Upon identification of the leak, the Company immediately shut down all commissioning of the crushing and agglomeration circuit, focused on containment, and reported the incident to the Agency for Environmental Assessment and Control (OEFA) within the required 24-hour period. All commissioning of the crushing and agglomeration circuit has been temporarily suspended until a thorough investigation is completed, the issue is resolved and the pipeline is fully repaired. At this time, the Company does not anticipate a significant impact to production.
Following its preliminary internal investigation, the Company determined that the engineered containment systems in place were successful and the leak was contained within the property boundaries. The Company is in the process of engaging and communicating with nearby communities and will keep them informed. The Company does not believe there is any risk of contamination to the nearby communities, livestock, environment or our employees.
This incident is an isolated event related to the barren solution pipeline in the overland conveyer containment channel. The storm water pond and solution ponds continue to perform as designed and are successfully diverting all storm water away from the industrial sites during this rainy season.
About Tahoe Resources Inc.
Tahoe’s strategy is to responsibly operate mines to world standards and to develop high quality precious metals assets in the Americas. Tahoe is a member of the S&P/TSX Composite and TSX Global Mining indices and the Russell 3000 on the NYSE. The Company is listed on the TSX as THO and on the NYSE as TAHO.
For further information, please contact:
Tahoe Resources Inc.
Alexandra Barrows, Vice President Investor Relations
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This press release contains “forward-looking information” within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the US Exchange Act, the United States Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission, all as may be amended from time to time, and “forward-looking information” under the provisions of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of the Company. All statements, other than statements of historical fact, are forward-looking statements. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, or variations or comparable language of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.
Forward-looking statements include, but are not limited to, statements related to future impacts on the Company’s production at the Shahuindo mine, contamination to the nearby communities, livestock, environment or our employees, and the diversion of all storm water away from the industrial sites during this rainy season.
Forward-looking statements are based on certain assumptions and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. Such assumptions, risks and uncertainties are discussed in more detail in our public filings available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov or on the Company’s website at www.tahoeresources.com.
Although management has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. Except as otherwise indicated by the Company, these statements do not reflect the potential impact of any non-recurring or other special items or of any disposition, monetization, merger, acquisition, other business combination or other transaction that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans and allowing investors and others to get a better understanding of the Company’s operating environment. The Company does not intend or undertake to publicly update any forward-looking statements that are included in this document, whether as a result of new information, future events or otherwise, except as, and to the extent required by, applicable securities laws.