Tahoe fires 25% of Escobal workforce as Guatemala court process dawdles

TSX- and NYSE-listed Tahoe Resources, whose flagship Escobal mine, in Guatemala, continues to languish in care and maintenance following a court-ordered suspension of its mining permit in July 2017, has moved to reduce the mine’s workforce by 25%, the miner announced on Monday. The Vancouver-based miner has maintained the level of workers at Escobal since operation came to an abrupt halt last year, but continued legal delays have made the situation untenable and prompted the company to purge some 250 inactive workers.