Tahoe Resources Inc. - THO.t

Tahoe Resources Inc. - THO.t operates the Escobal project, a high-grade silver discovery located about 70 km southeast of Guatemala City, and the La Arena gold mine in north central Peru. The company is developing the Shahuindo project, also in Peru.

On March 9, 2016 the company released Numbers

Tahoe Resources Inc. (TSX: THO, NYSE: TAHO) today reported financial and operational results for the fourth quarter and the year ending December 31, 2015, with the Company completing its second year of commercial silver production at the Escobal mine and the first year of operating the La Arena mine in Peru.Highlights for Q4 2015 and the year ending December 31, 2015 are (all amounts in U.S. dollars unless otherwise stated):

• Adjusted net earnings for 2015 were $98.9 million, resulting in both basic and diluted adjusted earnings per share of $0.48. Adjusted net earnings for the fourth quarter were $51.0 million, or $0.22 per share, for both basic and diluted shares.
• Net loss for 2015 was $71.9 million, resulting in both basic and diluted adjusted loss per share of $0.35. Net loss for the fourth quarter was $107.7 million, or $0.47 per share, for both basic and diluted shares.
• Cash flow provided by operating activities before changes in working capital was $226.3 million for 2015, or $1.09 per share, and $96.8 million and $0.43 per share for the fourth quarter.
• The Company returned $49.7 million to shareholders through its monthly dividend during 2015 compared to $3.0 million during 2014.
• Silver produced in concentrate at the Escobal mine was 5.5 million ounces during the fourth quarter and 20.4 million ounces for the year ended December 31, 2015.
• Gold produced at the La Arena mine amounted to 174,073 ounces in dore for Tahoe’s three calendar quarters of ownership following the Rio Alto merger, and 230,483 ounces for the full year mine production.
• Total cash costs net of byproduct credits for 2015 were $6.16 per silver ounce produced and $551 per gold ounce produced compared to $6.37 per silver ounce and no gold production in 2014.
• All-in sustaining costs net of byproduct credits for 2015 were $9.11 per silver ounce produced and $733 per gold ounce produced compared to $9.15 and no gold production in 2014.
• Net cash provided by operating activities was $54.2 million and $166.7 million for the fourth quarter and year ended December 31, 2015, respectively.
• Commissioning at the Shahuindo mine commenced in the fourth quarter of 2015 with commercial production expected in the second quarter of 2016.
• Cash and cash equivalents at December 31, 2015 were $108.7 million.

According to Tahoe CEO and Executive Chair Kevin McArthur, “2015 was a tremendous year for Tahoe as both the Escobal and La Arena mines achieved record production and the Shahuindo mine phase 1 construction was completed on time and on budget. We paid off $50 million in debt, established a $150 million revolving credit facility and returned $49.7 million to shareholders in dividends.”
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