Investors in Canadian mining company Tahoe Resources paid a price when Tahoe failed to disclose the extent of community and Indigenous opposition to its Escobal mine in Guatemala a few years back. Its stock was flying high at $27 a share, but it fell after a string of lawsuits and violent conflicts ? including security guards shooting protesters in the back. The mine was eventually suspended by a Guatemalan court, and Tahoe was sold to Pan American Silver for about $5 a share.
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Categories: Securities Regulation and Disclosure of Material Information