Guidance for FY20 has been adjusted to reflect the recently completed divestment of Gosowong.

Company forecasts life of mine annual gold production averaging 311,000 ounces over 13-year operating life.

The deal creates an Americas-focused gold miner with a market capitalization of about $1.75 billion.

Rio2 is a follow-up business to the previously Rio Alto Mining, which began business in 2008 and was acquired by Tahoe.

The buyout is aimed at supporting exploration efforts at the Abriaqui gold project in Colombia.

The estimates reveal that current open-pit mineral reserves can continue to be mined until late 2021.

The company will also reduce net unit cash costs of copper by 25% to approximately $1.30 per pound.