taho is a mining company and intermediate precious metals producer with silver and gold mines in canada guatemala and peru . it was founded in vancouver bc by kevin mcarthur former ceo of glamis gold and goldcorp . incorporated in british columbia canada the company s u.s. headquarters is located in reno nevada . in 2016 the company acquired lake shore gold in ontario valued at 945 million cad making it a wholly owned subsidiary of tahoe resources and effectively adding lake shore s timmins west and bell creek gold mines in ontario to tahoe resources assets 1 which include mines in guatemala and peru . the company employs more than 2 000 people worldwide . 2 tahoe resources is a publicly traded company in the industrial metals and minerals industry listed on the new york stock exchange and the toronto stock exchange . 3 contents 1 operations 1.1 escobal silver mine 1.2 la arena gold mine 1.3 shahuindo gold mine 1.4 timmins west gold mine 1.5 bell creek complex 2 awards 3 alleged role in violence related to escobal mine in 2013 4 key people 28 5 board of directors 29 6 offices 7 company website 8 company blog 9 see also 10 references 11 external links operations edit tahoe resources has five operating mines escobal mine in southeast guatemala la arena gold mine in northern peru shahuindo gold mine in northern peru and the timmins west and bell creek mines in ontario canada . escobal silver mine edit the escobal project is a high grade silver discovery located in southeast guatemala approximately 40 km . east southeast of guatemala city . in addition to silver the mine contains sizable reserves of gold lead and zinc . 4 tahoe resources acquired the project in mid 2010 from goldcorp for 505 million usd in stock and cash . in november 2010 tahoe resources released a preliminary assessment 5 of the project completed by m3 engineering . in 2015 the escobal mine produced a record 20.4 million ounces of silver in concentrate . as of january 2016 it was estimated that the escobal mine contained indicated resources of 389 million silver ounces at an average grade of 332 grams per tonne g t along with significant quantities of lead zinc and gold . proven and probable reserves are 29.1 million tonnes at an average grade of 332 g t silver containing 310.4 million ounces of silver . 6 figures such as these have caused mining experts to suggest that the escobal mine could become one of the largest silver producers in the world . 7 underground development on the mine began in may 2011 and the exploitation license was granted in april 2013 . roughly 500 construction jobs were created with the mine s development . mining operations began in september 2013 and the first precious metal concentrate shipment was sent on october 15 2013 . for the year ending december 31 2013 tahoe resources announced that its net earnings for the year were 65.6 million 0.45 share . during 2013 the company incurred 36.4 million in expenses for the escobal mine project . 8 commercial operations began in january 2014 . 4 la arena gold mine edit on february 9 2015 tahoe resources announced a merger with rio alto mining owner of the la arena gold mine in northern peru for 1.12 billion . the merger was completed on april 1 2015 . 9 la arena produced a company record 222 255 ounces of gold in 2014 beating estimates 10 which was followed in 2015 with production of 230 436 ounces of gold exceeding that previous record . la arena is located 480 km . north northwest of lima in the eastern slope of the western cordillera close to the continental divide at approximately 3 400 meters above sea level . it contains two types of deposits oxide gold in brecciated sandstone as well as copper gold sulfide mineralization . in january 2016 measured and indicated oxide resources totaled 120.8 million tonnes with an average gold grade of .32 g t and proven and probable oxide reserves of 80.3 million tonnes with an average gold grade of .36 g t containing 919 000 ounces of gold . meanwhile measured and indicated sulfide resources for the la arena deposit totaled 274 million tonnes with average gold and copper grades of .24 g t and .33 percent respectively . proven and probable sulfide reserves are 63.1 million tonnes with average gold and copper grades of .31 g t and .43 percent respectively . 11 shahuindo gold mine edit in the merger between tahoe resources and rio alto mining tahoe resources took ownership of shahuindo gold project which rio alto had acquired from sulliden gold in august 2014 . 12 construction began on the project in mid 2015 with commercial production anticipated to begin in the second quarter of 2016 . shahuindo is located in a prolific gold producing area in northern peru 30 km . north of the la arena mine on the west side of the condebamba river valley . with topography varying from rolling hills to steep ravines its elevation ranges from 2 400 3 600 meters above sea level . the world wildlife fund has designated this area as neo tropical peruvian yungas . the mine s technical report dated january 2016 reflects measured and indicated oxide resources of 143.1 million tonnes with an average gold grade of .50 g t containing 2.28 million ounces of gold . proven and probable oxide reserves total 111.9 million tonnes with an average grade of .53 g t containing 1.91 million ounces of gold . mineral reserves increased 87 percent over the previous technical report . 13 timmins west gold mine edit in the 2016 merger between tahoe resources and lake shore gold tahoe resources acquired the timmins west mine located 18 km . west of timmins ontario canada which in 2013 was ranked the 8th largest gold producing region in the world . 14 the mine contains three deposits the timmins deposit which has been in commercial production since january 2011 ; the thunder creek deposit which achieved commercial production in january 2012 ; and the 144 gap deposit approximately 600 meters from the thunder creek deposit which is under development as of this writing with commercial production expected in 2017 . all three deposits are connected by underground drifts . the mine is located on one of the world s most prolific gold camps and the mine property comprises an area of about 14.5 square km . ore from the mine is accessed using mobile equipment via internal ramps both from the surface and the main shaft . the mine currently produces 2 700 tonnes per day of ore which is trucked to the bell creek mill 42 km . away for processing . in 2015 the mine produced 139 000 ounces of gold from 1 011 000 tonnes processed at an average gold grade of 4.4 g t. in january 2016 probable mineral reserves came to 2.9 million tonnes with an average gold grade of 4.2 g t containing 392 000 ounces of gold . 15 bell creek complex edit the bell creek complex was acquired by tahoe resources inc. in the merger with lake shore gold in 2016 . it is located approximately 20 km . northeast of timmins ontario and consists of an underground gold mine and a processing facility . in january 2015 the mine produced 39 700 ounces of gold from processing 296 200 tonnes at an average grade of 4.4 g t. as of january 1 2016 measured and indicated mineral resources for the bell creek deposit totaled 4.8 million tonnes with an average gold grade of 4.4 g t containing 680 000 ounces of gold . proven and probable mineral reserves inclusive of mineral resources are 2.1 million tonnes with an average gold grade of 4.5 g t containing 309 000 ounces of gold . a large resource at depth indicates a near term opportunity to expand production and extend the mine s life . the mill features a conventional gold mill circuit with crushing and grinding followed by carbon in leach and carbon in pulp processes for gold recovery . a portion of golad is recovered by gravity before the leaching process . 16 awards edit tahoe resources has received the following awards mid cap winner best sustainability ethics and environmental governance program canadian society of corporate secretaries cscs 2015 17 precious metals and mining topgun ceo awarded to kevin mcarthur brendan wood international 2015 2016 18 precious metals and mining topgun company brendan wood international 2015 2016 19 precious metals and mining topgun board brendan wood international 2015 2016 20 alleged role in violence related to escobal mine in 2013 edit local residents resistance to the escobal silver mine project led to violent clashes in spring 2013 . fears about pollution and water contamination and about potentially damaging effects to the way of life in the area which is primarily agricultural caused many local residents to protest the mine s development . the surrounding communities voted against the project in 2011 but the vote was non binding and development proceeded . 21 in april 2013 a series of protests began among residents of san rafael on the public road near the mine . on april 27 seven people were shot when security guards working at the escobal mine opened fire on 20 protesters . in a release issued on may 1 2013 tahoe resources stated that the protesters were armed with machetes . 22 the media reported that alberto rotondo tahoe resources security chief for the escobal project was caught in a wiretap giving direct orders to murder local opponents of tahoe s mining project . 23 on april 30 rotondo was arrested at la aurora airport in guatemala city apparently trying to flee . rotondo was criminally charged in guatemala with obstruction of justice causing minor and serious injuries and mistreatment of a minor . 24 rotondo no longer works for tahoe resources . 25 the seven men who were shot filed a civil lawsuit garcia v. tahoe resources inc. against tahoe resources in june 2014 alleging that rotondo ordered the shooting and that tahoe resources was legally responsible for the shooting . the suit alleged assault aggravated assault and obstruction of justice and that the shooting was premeditated . 26 on november 9 2015 the supreme court of british columbia stayed a judgment in favor of tahoe resources . 27 key people 28 edit kevin mcarthur founder and executive chair ron clayton president and chief executive officer elizabeth mcgregor vice president and chief financial officer brian brodsky vp exploration tom fudge vp operations edie hofmeister vp corporate affairs charles v. muerhoff vp technical services mark sadler vp projects development mark utting vp investor relations peter van alphen vp operations timmins board of directors 29 edit kevin mcarthur executive chair ron clayton president & chief executive officer director a. dan rovig lead director tanya jakusconek drago kisic alan c. moon paul b. sweeney james s. voorhees kenneth f. williamson dr. klaus zeitler offices edit vancouver bc canada reno nevada usa lima peru guatemala city guatemala ontario canada company website edit tahoe resources inc. company blog edit nosotros see also edit companies portal list of companies paying monthly dividends escobal mine references edit jamasmie cecilia feb 8 2016 . tahoe resources adds canadian gold mines to portfolio by buying lake shore . mining.com . retrieved sep 20 2016 . tahoe resources annual information form for the year ended december 31 2015 pdf . tahoeresources.com . tahoe resources inc. march 9 2016 . retrieved march 22 2016 . investor faqs tahoe resources inc. new leader in precious metals . www.tahoeresources.com . retrieved 2016 03 15 . a b escobal silver mine guatemala . mining technology . kable . retrieved 14 july 2014 . tahoe resources inc. associated documents . sedar preliminary assessment