Why Tahoe?

Tahoe Resources is a mid-tier precious metals company with a diverse portfolio of mines and projects in Canada, Guatemala and Peru. Tahoe is a publicly traded company (TSX: "THO" / NYSE: "TAHO"), led by experienced mining professionals dedicated to responsible mining that balances and aligns all stakeholder interests. Tahoe presents multiple drivers and near-term catalysts for sustainable value creation.

Multiple Value Drivers

Growing Gold Portfolio

Growing Gold Portofolio

  • Tahoe has 4 producing gold mines: La Arena and Shahuindo in Peru and Timmins West and Bell Creek in Canada
  • Steady annual growth from gold operations
  • Two near-term expansion projects at Shahuindo and Bell Creek to be completed in 2018
  • Targeting ~500k ounces of gold production in 2019
  1. Contains forward-looking information. See “Cautionary Statement Regarding Forward-Looking Information
  2. 2015 gold production pro forma to include full year of results from Rio Alto and 2016 results include nine months of production from Canadian operations and pre-commercial production ounces at Shahuindo

World-Class Escobal Silver Mine

World-Class Escobal Silver Mine

  • Escobal is a world-class, underground silver mine in Guatemala
  • Between 2014 – 2017, Escobal produced > 20 million ounces of silver annually at industry low operation costs
  • AISC consistently <$10.00/ounce
World-Class Escobal Silver Mine

Financial Flexibility

Financial Flexibility

  • Conservative capital management is a hallmark of Tahoe Resources’ management philosophy
  • Tahoe manages the business thoughtfully to ensure the balance sheet remains robust and sufficiently flexible to manage through the cycle
  • $175m revolving credit facility + $25m accordion feature due in July 2021
  • Total outstanding debt of $100m as of Q3 2018

Robust Project Pipeline

Robust Project Pipeline

  • Tahoe has a robust project pipeline in addition to its existing producing mines
  • Near term, Tahoe is focused on the two expansion projects at Shahuindo and Bell Creek to be completed in 2018
Exploration & Evaluation
Juby
Bell Creek District Targets
Agua Blanca
Shahuindo District Targets
Study
Gold River
Fenn-Gib
La Arena II
Near-Term Development
Bell Creek Shaft Project
Shahuindo Expansion
Operations
Timmins West
Bell Creek
Shahuindo
La Arena
Escobal
  1. Contains forward-looking information. See “Cautionary Statement Regarding Forward-Looking Information

Committed to Responsible Mining

Committed to Responsible Mining

  • Tahoe’s commitment to CSR supports the sustainability of our operations and long-term value creation for all stakeholders
  • In 2018, Tahoe joined the UN Global Compact and Canada Local Network to help us further align our internal practices and publicly demonstrate our commitment towards these principles
  • Tahoe adheres to the United Nations Guiding Principles on Business and Human Rights and the Voluntary Principles on Security and Human Rights

Near-Term Catalysts

2018 Reserves & Resources update
Amended Credit Facility completed
La Arena II PEA released
Restart of Escobal silver mine
2018: Shahuindo Expansion complete
2018: Bell Creek shaft expansion complete
2019: ~500k ounces of gold production
2019: FCF positive gold operations
Longer-term: La Arena II advancement
  1. Contains forward-looking information. See “Cautionary Statement Regarding Forward-Looking Information
  2. Total cash costs on a gold ounce produced basis and all-in sustaining costs on a gold ounce produced basis are considered to be non-GAAP financial measures. See “Cautionary Note on non-GAAP Financial Measures”
  3. Free Cash Flow defined as “Cash Flow from Operations before Changes in Working Capital less Sustaining Capital”