trending Market Intelligence /marketintelligence/en/news-insights/trending/VB76HAPMwqXi6AGhL0L3wQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Tahoe recommends shareholders reject unsolicited share tender offer

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Tahoe recommends shareholders reject unsolicited share tender offer

Tahoe Resources Inc. has recommended that shareholders reject TRC Capital Corp.'s unsolicited mini cash tender offer to buy up to 5 million Tahoe common shares.

TRC has offered to buy about 1.61% of the issued share capital of Tahoe at C$14.35 per share in cash.

The offer was below market price and a discount of 4.59% and 4.32% to the closing price of the company's shares on the Toronto Stock Exchange and NYSE, respectively on Oct. 5, the last trading day after the tender offer was started.

In addition, the offer is subject to a number of conditions, Tahoe said Oct. 10.

Tahoe booked a record revenue of US$228.3 million in the second quarter due to higher realized prices for gold and silver.