On Monday, Shares of Tahoe Resources Inc (NYSE:TAHO), added 0.72% and closed at $9.75 in the last trading session. The last trading range of the stock ranges between $9.11 and $10.00. Tahoe Resources Inc. (“Tahoe” or the “Company”) (TSX, THO; NYSE: TAHO) recently stated that silver production at the Company’s Escobal Mine in Guatemala continues at 100% capacity while a protest involving about 25 people continues outside the front gates of the mine. The protest relates to the Company’s La Cuchilla home purchase program, which was introduced by Tahoe as a humanitarian act to support the La Cuchilla community in addition to the local government. The protest is aimed at pressuring the Company to expand the program beyond residential property and to increase prices to substantial premiums over current market values. The protest appears to be organized by a small number of large land owners who are not residents of La Cuchilla and who own tracks of agricultural property in the area.
The La Cuchilla community is centered about half a kilometer from the Escobal mine. Because of unstable soil and steep typography, commonly seen in many parts of Guatemala, the country’s National Coordinator for the Reduction of Disasters (“CONRED”) recently declared the La Cuchilla village to be high risk. The declaration did not include surrounding agricultural land. To assist local authorities in re-locating residents, last summer the Company volunteered to acquire homes identified as most at risk by CONRED at prices well above current market levels. To date, about two-thirds of the residents living in these homes have accepted the Company’s home purchase offer. The Company does not need the attained land for any reason other than providing economic relief to at-risk residents.
Navient Corp (NASDAQ:NAVI), jumped 3.17% and closed at $17.59 in the last trading session. The last trading range of the stock ranges between $17.10 and $17.62. The company’s Market capitalization is $5.40 Billion with the total Outstanding Shares of 303.00 million. The Navient Foundation recently declared a grant for $22,000 to Delaware Technical Community College to establish a Veterans Resource Center at the Charles L. Terry Campus in Dover. The center will host guest speakers and student veteran programs such as financial education, career workshops and Post Traumatic Stress Disorder seminars. It will also provide a meeting space for veteran students to study, relax and engage with fellow veterans, and for the Veterans Inspiring Progress student organization which offers support and networking for the campus veteran community.
“Supporting veterans and active-duty military is a top priority at Delaware Tech and we are grateful for this support from the Navient Foundation,” said Dr. Mark T. Brainard, president of Delaware Tech. “This grant will provide our student veterans a much-needed space to study and interact with other veteran students.”