Tahoe Resources Inc(NYSE:TAHO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $228.25M. Analysts estimated a revenue of $228.07M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.14.
Tahoe Resources Inc (TAHO) shares turned negative on Wednesdays trading session with the shares closing down -0.54 points or -3.34% at a volume of 29,37,199. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.03. The peak price level was also seen at $16.03 while the days lowest was $15.27. Finally the shares closed at $15.62. The 52-week high of the shares is $17.01 while the 52-week low is $6.475. According to the latest information available, the market cap of the company is $4,853 M.
Tahoe Resources Inc. is a mineral exploration development and mine operating company. The Company’s principal business activity is to operate the Escobal mine a mining operation in southeastern Guatemala. The Escobal deposit is an intermediate-sulfidation fault-related vein formed within Tertiary sedimentary and volcanic rocks within the Caribbean plate. The Escobal vein system hosts silver gold lead and zinc with an associated epithermal suite of elements within quartz and quartz-carbonate veins. It is also engaged in the acquisition exploration development and operation of mineral properties in the Americas for the mining of precious metals. The Company produces metal-bearing concentrates. Silver gold lead and zinc are recovered by differential flotation producing silver-rich lead concentrates and zinc concentrates which are sold to third-party smelters under concentrate sales arrangements.