TIMMINS – Tahoe Resources Inc. is reporting record gold production for 2017 and the local mining operations at Bell Creek and Timmins West have made a significant contribution to that.
Tahoe this week reported 2017 gold production of 445,000 ounces, “achieving the high end of its annual gold production guidance range of 400,000 to 450,000 ounces, which was revised upward in September 2017,” said the company in a news release.
While most of the company’s gold production came from the La Arena mine in Peru, with 196,000 ounces in 2017, Timmins was close behind with 167,000 ounces of gold. The company’s third gold mining venue, the Shahuindo Mine, also in Peru, was third in production with 79,000 ounces.
“The outstanding performance from the gold business in 2017 underscores the increasingly meaningful contribution of the gold segment to the overall financial performance of the company,” said the release.
Tahoe also revealed that it has undertaken two major expansion projects, one in Peru and the other at Bell Creek in Timmins. “Both major expansion projects – the Shahuindo Crushing & Agglomeration Expansion and the Bell Creek Shaft Project – remain within their respective estimated total project spend of $80 million each.
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