Tahoe Resources Digs 1% Loss Despite Escobal Resource Estimate

By MT Newswires,  May 07, 2012, 01:45:37 PM EDT

Tahoe Resources Inc. (THO.TO) was down by 1% in the afternoon trade despite announcing resource estimate for its 100% owned Escobal project in southeastern Guatemala.

Highlights:

- 50% increase in Indicated silver resource to 367.5 million ounces (Moz) at an average grade of 422 grams per tonne (g/t).

- The Inferred silver resource amounts to 36.7 Moz at 254 g/t average grade.

- After-tax NAV of the Escobal project is estimated to increase by 7% to $2.99 billion.

THO is now trading at $18.25 a share. Over 50,000 THO shares have changed hands.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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