Tahoe dials up gold guidance as Escobal impasse drags on

Precious metals miner Tahoe Resources has increased its guidance for expected gold output while its flagship Escobal mine, in Guatemala, continues to languish in care and maintenance, despite holding a valid licence to mine. The Vancouver-headquartered company announced after market close on Thursday that it now expects to produce between 400 000 oz and 450 000 oz of gold in 2017, up from previous estimates of 375 000 oz to 425 000 oz.