Tahoe Resources Inc. has restarted mining operations following an agreement to end the protest at its La Arena mine in Peru. On September 6, protestors from the community of La Ramada signed an agreement to participate in a formal dialogue with Tahoe Peru to be hosted by the Ministry of Energy and Mines (MEM), which started earlier this week. Following the formal agreement, the protestors left Tahoe’s property and operations successfully restarted with the overnight shift.
The company said it welcomed a productive dialogue with the community members of La Ramada.
Tahoe said it didn’t think there would be a material impact to annual production as a result of the eight days of suspended mining operations. However, this event, together with the labor strike in the second quarter at La Arena have disrupted production, and the company now expects to be near the low end of its annual production guidance at La Arena of 160,000 ounces (oz) to 185,000 oz of gold.