Tahoe flaunts Escobai in Guatemala

摘要

Led by Kevin McArthur, a former CEO of Goldcorp (g-t, gg-n) and Glamis Gold, Tahoe Resources (tho-t) hopes to position itself as a new leader in the silver business on the back of the recently acquired and newly discovered Escobal silver deposit in Guatemala. Fresh off an initial public offering (IPO) on the Toronto Stock Exchange in June that raised 383 million, Tahoe is a brand new company. It used a good chunk of the IPO proceeds to buy the Escobai project from Goldcorp for 253 million US dollars cash and 43.7 million Tahoe shares, representing a 40% stake of the company on a fully diluted basis.