Tahoe and Lake Shore announce business tie-up

February 8, 2016

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Canadian precious metals producers Tahoe Resources and Lake Shore Gold have agreed to combine their businesses, paving the way for the creation of an Americas-focused miner with a strong diversified production platform, anchored by the Escobal mine, in Guatemala, one of the largest and highest-grade silver mines globally, and low-cost growing operations in Peru and Ontario.
Under terms of the definitive agreement that set out a plan of arrangement, Tahoe would exchange 0.1467 of a common share for each of Lake Shore’s issued and outstanding shares, giving the deal an implied equity value (assuming the conversion of in-the-money convertible debentures) equal to C$945-million.

Category: General