UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2018
Commission File No. 001-35531
TAHOE RESOURCES INC.
(Translation of registrant's name into English)
5310 Kietzke Lane, Suite 200, Reno, NV 89511
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F
Form 20-F [ ] Form 40-F [X]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)[ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)[ ]
SUBMITTED HEREWITH
Exhibits | |
99.1 | Material Change Report |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TAHOE RESOURCES INC.
Date: September 11, 2018
/s/Cassandra Joseph | |
Cassandra Joseph | |
VP Corporate Secretary & Associate General Counsel |
FORM 51102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Tahoe Resources Inc. (Tahoe or the Company)
5310
Kietzke Lane, Suite 200
Reno, Nevada
89511
Item 2 Date of Material Change
September 3, 2018
Item 3 News Release
News releases were disseminated on September 3, 2018 and September 7, 2018, through the facilities of Canada Newswire and subsequently filed on SEDAR.
Item 4 Summary of Material Change
On September 3, 2018, Tahoe announced that the Constitutional Court of Guatemala (the Constitutional Court) issued its final resolution relating to the Companys mining license for the Escobal mine in Guatemala (the Resolution). The Resolution reverses the Supreme Court of Guatemalas ruling reinstating the Escobal mining license. It orders that the mining license will remain suspended until the Ministry of Energy and Mines (MEM) completes the ILO 169 consultation with the Xinka communities in the region of the Escobal mine.
On September 7, 2018, Tahoe announced further details of the Resolution, including a description of the four stage consultation process outlined by the Constitutional Court.
Item 5 Full Description of Material Change
On September 3, 2018, Tahoe announced that the Constitutional Court issued its final resolution relating to the Companys mining license for the Escobal mine in Guatemala. The Resolution reverses the Supreme Court of Guatemalas ruling reinstating the Escobal mining license. It orders that the mining license will remain suspended until MEM completes the ILO 169 consultation with the Xinka communities in the region of the Escobal mine.
On September 7, 2018, Tahoe announced further details of the Resolution, including a description of the four stage consultation process outlined by the Constitutional Court. The four stages include: (1) review, (2) pre-consultation, (3) consultation and (4) Supreme Court of Guatemala verification.
Information Regarding ILO 169
ILO 169 is the United Nations International Labor Organization (ILO) convention regarding Indigenous and Tribal Peoples in Independent Countries. The cornerstone principles of the ILO 169 Convention are consultation and participation principles that Tahoe embraces. The Convention is intended to be an instrument for good governance and a tool for conflict resolution and reconciliation of diverse interests. The Convention does not contemplate a veto of development projects. In the case of the Escobal mine, a successful consultation process will identify any concerns from the Xinka indigenous communities in the area of influence and seek to determine, in good faith, acceptable mitigations to those concerns in order for the mine to restart operations.
Additional Requirements
In addition to the ILO 169 consultation process held by MEM, the Constitutional Court also established other requirements that must be completed as a condition for the Company to restart operations at Escobal, including studies related to archeology, health, and environmental compliance to confirm that the mine is meeting required standards.
Timeline for Completion
The Resolution does not define a timeline for completion of the consultation process. It does mandate, however, that all parties must agree to a satisfactory timeline during the pre-consultation stage. While we cannot predict the timeline for completion of the consultation process, in a case involving the OXEC hydroelectric plant, MEM completed the consultation within 6 months.
Item 5.2 Disclosure for Restructuring Transactions
Not applicable.
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Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7 Omitted Information
Not applicable.
Item 8 Executive Officer
Cassandra Joseph
VP Corporate Secretary & Associate General Counsel Telephone: (775) 448-5800
Item 9 Date of Report
September 11, 2018
This report contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the US Exchange Act, the United States Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission, all as may be amended from time to time, and forward-looking information under the provisions of applicable Canadian securities legislation. Forward -looking statements include, but are not limited to, statements related to the Guatemalan Constitutional Courts formal resolution regarding Escobals mining license, the requirement that MEM complete ILO 169 Consultation before the mining license can be reinstated, the description of the four stage process outlined in the resolution and the Companys expectation that it will be permitted to restart operations once the Guatemala Supreme Court has verified the consultation process and the other requirements of the Constitutional Courts final resolution have been complied with.
Forward-looking statements are based on certain assumptions and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. Such assumptions include the assumption that compliance with the Constitutional Courts final resolution will result in the Company being permitted to restart operations at Escobal, and such risks include the timing for completion and results of the proposed ILO 169 Consultation with the Xinka communities in the region of the Escobal mine and the risk that the Supreme Court does not verify the consultation process or the risk that the Company is seen as not having complied with all of the terms of the Constitutional Courts final resolution. Assumptions, risks and uncertainties are discussed in more detail in our public filings available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov or on the Companys website at www.tahoeresources.com.
Although management has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company does not intend or undertake to publicly update any forward-looking statements that are included in this document, whether as a result of new information, future events or otherwise, except as, and to the extent required by, applicable securities laws.
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