Tahoe Resources Inc to acquire Lake Shore Gold Corp in deal worth $945 million

February 8, 2016

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Tahoe Resources Inc. has reached an agreement to acquire Lake Shore Gold Corp in deal worth $945 million.

“Lake Shore Gold operates the low-cost Timmins West and Bell Creek mines in Timmins, Ontario, Canada. Together with Tahoe’s world class Escobal mine in Guatemala and its low-cost La Arena and Shahuindo mines in Peru, the combined company is firmly established as a premier Americas-based precious metals producer,” the companies said in a statement Monday.

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