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Morganti & Co.: Guatemala's Constitutional Court Issues a Ruling Ordering That Tahoe Resources' License to Operate Its Escobal Mine Remains Suspended
[September 04, 2018]

Morganti & Co.: Guatemala's Constitutional Court Issues a Ruling Ordering That Tahoe Resources' License to Operate Its Escobal Mine Remains Suspended


Morganti & Co., a cross-border law firm focused on representing investors, has been contacted by investors to investigate potential violations of securities laws by Tahoe Resources Inc. (TSX: "THO" and NYSE: "TAHO") and certain of its officers, in connection with the Company's statements regarding its Escobal Mine in Guatemala.

On July 5, 2017, Tahoe Resources Inc. revealed that the Supreme Court of Guatemala was temporarily suspending Tahoe Resources' license to operate its Escobal Mine while an action alleging that the Company violated the right of consultation of the Xinca Indigenous People was being heard by the Court. The revelations' impact on the market was immediate and significant, resulting in Tahoe Resources' share price dropping by over 33% the next day on both the TSX and the NYSE.

On September 4, 2018, the Company announced that Guatemala's Constitutional Court had issued a ruling ordering thatTahoe Resources' license to operate its Escobal mine should remain suspended until the Ministry of Energy and Mines completes the consultation with the Xinka communities in the region of the Escobal mine. Tahoe Resources share price immediately plummeted more than 18% on both the TSX and the NYSE.



Investors who purchased shares in Tahoe Resources between March 12, 2015 and July 5, 2017 are encouraged to stay informed and protect their rights. You may contact Morganti & Co. at (647) 344-1900 or by email at [email protected] for further information.

Morganti & Co. is comprised of experienced securities lawyers that investigate, litigate and resolve economic and financial disputes. You may learn more about Morganti & Co. at www.morgantico.com. The Firm currently represents investors that purchased securities of Amaya Inc., Barrick Gold, BP plc, Colt Resources Inc., Hycroft Mining Corporation, Ithaca Energy Ltd., and Pretium Resources Inc.


This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules


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