Tahoe Resources: Strike Ends At La Arena Mine
Tahoe Resources Inc. (TSX: THO;NYSE: TAHO) saysa labor strike at its La Arena gold mine in Peru has been resolved. Thestrike began April 20. Tahoe says “it was agreed by allparties that operations at La Arena should resume as soon as possible, as thisis in the best interest of all stakeholders.” Tahoe says it anticipates that operationswill reach normal levels within the next 48 hours.
By Allen Sykoraof Kitco News; asykora@kitco.com
Klondex MinesPosts First-Quarter Loss
Friday May 4, 2018 08:25
KlondexMines Ltd. (TSX: KDX; NYSE American: KLDX) - which has entered into anagreement to be acquired by Hecla Mining Co. (NYSE: HL) -- reports a net loss for the first quarter of $8 million,or 4 cents per share, compared to a loss of $10.2 million, or 6 cents, in thesame period a year ago. Klondex says the first-quarter loss waspartly due to $3.6 million for costs related to the pending acquisition byHecla. Excluding this, the company’s adjusted net loss was $5.1million, or 2 cents per share. First-quarter revenue rose to $56.8 million from$41.7million in the same period of 2017, boosted by both more ounces sold and ahigher gold price, Klondex says. The company mined49,873 gold-equivalent ounces, with production of 43,525, Klondex says.
By Allen SykoraFor Kitco News
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