Canadian Mining Journal

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Tahoe CEO talks post-merger growth strategies

VANCOUVER — It's been just over a month since Tahoe Resources (TSX: THO; NYSE: TAHO) completed its merger with Rio Alto Mining to create a leading mid-tier precious metals producer, but the newly combined management team...


VANCOUVER — It’s been just over a month since Tahoe Resources (TSX: THO; NYSE: TAHO) completed its merger with Rio Alto Mining to create a leading mid-tier precious metals producer, but the newly combined management team hasn’t wasted any time turning its attention to future opportunities. The company has a promising pipeline of organic growth assets in its portfolio and the cash flow to make additional waves in the mergers and acquisition space.

According to CEO Alex Black, who founded Rio Alto, the merger originally took root during the Denver Gold Forum last September when he had a chance to sit down with Tahoe founder Kevin McArthur. Each company had navigated the prickly process of mine development in Latin America, and both were searching for acquisition opportunities to diversify production streams and jurisdictions.

Rio was operating its open pit, heap leach La Arena mine in Peru, while Tahoe had just completed its first full year of production at the lucrative Escobal silver mine in Guatemala.

Read the complete article at NorthernMiner.com/news/tahoe-ceo-talks