VANCOUVER — Industry success stories have been a bit hard to come by over the past few years, but developers like Tahoe Resources (TSX: THO; NYSE: TAHO) continue to prove that even tough markets can’t stand in the way of a strong management team working on a world-class project.
On Jan. 14 Tahoe announced commercial production at its Escobal high grade silver project 70 km southeast of Guatemala City, which marks the culmination of a journey that began roughly four years ago.
Tahoe announced its first concentrate shipment from Escobal in late September, and to date its mill has produced around 5,970 tonnes of silver-bearing concentrates with an estimated net smelter return value of around US$54 million. The company has steadily ramped up its throughput levels from around 1,800 t/d in November to 3,000 t/d in early January.
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