Mining exploration company founded in Vancouver, BC
Tahoe Resources Inc.
Company type
Public
Industry
Metals and Mining
Founded
2009
Founder
Kevin McArthur
Fate
Acquired by Pan American Silver
Headquarters
Reno, Nevada
,
U.S[1]
Key people
Kevin McArthur (chairman)[2]
Revenue
US$519.7 million (2015)[3]
Operating income
US$-79.5 million (2015)[3]
Net income
US$-71.9 million (2015)[3]
Total assets
US$2.0 billion (2015)[3]
Total equity
US$1.6 billion (2015)[3]
Website
www.tahoeresources.com
Tahoe Resources Inc. was a mining company and intermediate precious metals producer with silver and gold mines in Canada, Guatemala and Peru. It was founded in Vancouver, British Columbia by Kevin McArthur, former CEO of Glamis Gold and Goldcorp. Incorporated in British Columbia, Canada, the company's U.S. headquarters is located in Reno, Nevada.
In 2016, the company acquired Lake Shore Gold in Ontario, valued at $945 million CAD, making it a wholly owned subsidiary of Tahoe Resources and effectively adding Lake Shore's Timmins West and Bell Creek gold mines in Ontario to Tahoe Resources' assets,[4] which include mines in Guatemala and Peru. The company employs more than 2,000 people worldwide.[5] Tahoe Resources is a publicly traded company in the Industrial Metals and Minerals industry, listed on the New York Stock Exchange and the Toronto Stock Exchange.[6]
In 2017, Tahoe Resources was accused of using the "Guatemalan police and army violence to force its mining operation on the local communities."[7] Tahoe is facing a criminal trial in Guatemala and a civil lawsuit in Canada for previous cases of alleged repression.
On 14 November 2018, it was announced that Pan American Silver would be acquiring Tahoe Resources for $1.1 billion.[8]
^"About Tahoe Resources Inc. – Tahoe Resources Inc., New Leader in Precious Metals". www.tahoeresources.com.
^Cite error: The named reference Tahoe Resources Management Team was invoked but never defined (see the help page).
^ abcde"TAHO Income Statement – Tahoe Resources, Inc. Ordinary Stock – Yahoo Finance". finance.yahoo.com.
^Jamasmie, Cecilia (Feb 8, 2016). "Tahoe Resources adds Canadian gold mines to portfolio by buying Lake Shore". Mining.com. Retrieved Sep 20, 2016.
^"Tahoe Resources Annual Information Form for the year ended December 31, 2015" (PDF). TahoeResources.com. Tahoe Resources, Inc. March 9, 2016. Retrieved March 22, 2016.
^"Investor FAQs | Tahoe Resources Inc., New Leader In Precious Metals". www.tahoeresources.com. Retrieved 2016-03-15.
^"Tahoe Resources & more violence in Guatemala: Business as usual". Rights Action. Retrieved 2017-06-26.
^Taylor, Susan. "Pan American Silver offers $1.1 billion to buy out Tahoe". Reuters. Retrieved 2018-11-17.
TahoeResources Inc. was a mining company and intermediate precious metals producer with silver and gold mines in Canada, Guatemala and Peru. It was founded...
would acquire TahoeResources, a Nevada-based mining firm with mines in Latin America and Canada, for $1.1 billion or about $5 a share. Tahoe's largest asset...
Lake Tahoe (/ˈtɑːhoʊ/; Washo: Dáʔaw) is a freshwater lake in the Sierra Nevada of the Western United States, straddling the border between California...
Camptonville, Foresthill, Sierraville and Truckee. Tahoe National Forest has many natural and man-made resources for the enjoyment of its visitors, including...
Libertad Region, Peru. The company and its assets were acquired by TahoeResources, Inc. in 2015, and the company no longer exists. Rio Alto's annual...
Pueblo Xinka de Guatemala or PAPXIGUA. In 2010, the Canadian company TahoeResources opened the Escobal mine in San Rafael Las Flores on Xinca land. When...
She Shu) are a Great Basin tribe of Native Americans, living near Lake Tahoe at the border between California and Nevada. The name "Washoe" or "Washo"...
Lake Tahoe Basin Management Unit is a United States National Forest that manages and protects public land surrounding Lake Tahoe and the Lake Tahoe Basin...
Lake Tahoe Airport (IATA: TVL, ICAO: KTVL, FAA LID: TVL) is a public airport three miles southwest of South Lake Tahoe, in El Dorado County, California...
Escobal mine, a large silver mine developed by Canadian mining company TahoeResources in San Rafael Las Flores, Guatemala. Since 2009 various community groups...
Exploration was by Goldcorp beginning in 2007. The mine was sold to TahoeResources in 2011. In April 2013 the mine was granted a 25 year license. The...
Lake Tahoe Dam is a concrete gravity dam on the Truckee River, at the outlet of Lake Tahoe in Placer County, California. Tahoe Dam regulates the top six...
One's chairman. Telfer contributed in launching Terrane Minerals, TahoeResources, Peak Gold and Primero Mining. Telfer is also the co-founder of Renaissance...
and is 121 miles (195 km) long. The Truckee is the sole outlet of Lake Tahoe and drains part of the high Sierra Nevada, emptying into Pyramid Lake in...
(PDF). UC Davis Tahoe Environmental Research Center. p. 17. "Truckee River Chronology". State of Nevada, Division of Water Resources. Archived from the...
Truckee Tahoe Airport (IATA: TKF, ICAO: KTRK, FAA LID: TRK) is a public airport two miles east of Truckee, California, United States. The airport is in...
include General Sherman, the largest tree in the world by volume; Lake Tahoe, the largest alpine lake in North America; Mount Whitney at 14,505 ft (4...
Greater Sacramento also contains sites of natural beauty including Lake Tahoe, the largest alpine lake in North America and numerous ski and nature resorts...
University's Warner College of Natural Resources. In January 2016, Wirth was named the Chairman and President of Reno-Tahoe Regional Air Service Corporation...
Police Interceptor Utility. The LAPD also uses a small number of Chevrolet Tahoe PPVs, though they are gradually decommissioning them due to their poor gas...
Global Information
US$519.7 million (2015)[3]
US$-79.5 million (2015)[3]