Mining is a dangerous way to make a living, always has been and always will be. However, you learn a lot about a company in the way it deals with a fatality at one of its mines.
If you’re Goldcorp (GG) (G.to) and if an accident occurs at your Guatemala mine, you first issue a press release on the day of the accident and then issue a second one when the fatality is confirmed, including words such as, “I wish to extend my prayers and condolences to the worker’s family, friends and to his co-workers at Marlin” from the company CEO.
If you’re Tahoe Resources (TAHO) (THO.to) and if an accident occurs at your Guatemala mine, you pretend it didn’t happen. You ignore calls to make the accident public, you sweep it under the table, you don’t even mention it to the local press, you don’t even have the basic common decency to offer condolences to the dead man’s family.
It’s now nearly six months since the accident at Tahoe’s Escobal mine that claimed the life of one of its employees, but TAHO still refuses to tell anyone.
Kevin MacArthur, CEO of TAHO, you should be ashamed of yourself.