Securities Commissions Asked to Investigate Ahead of Jan. 8 Tahoe, Pan American Silver Merger

Accountability group seeks report on consultation with Guatemala’s Xinka Indigenous people

January 3, 2019

(Guatemala City, Washington DC, Toronto, Tatamagouche, Ottawa) –

Today, ahead of the January 8th shareholder vote on Pan American Silver’s acquisition of Tahoe Resources, the Justice and Corporate Accountability Project (JCAP) filed letters with the British Columbia Securities Commission and the US Securities and Exchange Commission asking for an investigation about claims in relation to the court-ordered consultation with Xinka Indigenous people in Guatemala.

The letters provide evidence to the BCSC and the U.S. SEC that Pan American Silver (TSX: PAAS NASDAQ: PAAS) and Tahoe Resources’ (TSX: THO  NYSE: TAHO) have made misleading statements on the future of the Escobal mine, and failed to disclose serious issues and conflict already emerging with the consultation process. The letter also points out the failure to disclose that the court suspended an application for an exploratory license as well as an order that could result in increased royalties.

For the full press release, click here. 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s