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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549

FORM 40-F

[   ]**REGISTRATION STATEMENT PURSUANT TO
SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934**

OR

[X] ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

|For the fiscal year ended: December 31, 2014 | Commission File Number: 001-35531
|-------------------------------------------- | ---------------------------------

TAHOE RESOURCES INC.(Exact name of Registrant as specified in its charter)

|British Columbia, Canada           | 1040                         | 27-1840120         
|---------------------------------- | ---------------------------- | -------------------
|(Province or Other Jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer   
|Incorporation or Organization)     | Classification Code)         | Identification No.)

5310 Kietzke Lane, Suite 200 Reno, Nevada 89511(775) 448-5800(Address and telephone number of
Registrants principal executive offices)

Tahoe Resources USA Inc. 5310 Kietzke Lane, Suite 200
Reno, Nevada 89511 (775) 448-5800(Name, address
(including zip code) and telephone number (including area code) of agent for
service in the United States)

Securities registered or to be registered pursuant to section
12(b) of the Act:

|Title Of Each Class         | Name Of Each Exchange On Which Registered
|--------------------------- | -----------------------------------------
|Common Shares, no par value | New York Stock Exchange                  

Securities registered or to be registered pursuant to Section
12(g) of the Act: None

Securities for which there is a reporting obligation pursuant
to Section 15(d) of the Act: None

For annual reports, indicate by check mark the information
filed with this Form:

|[X] Annual Information Form | [X] Audited Annual Financial Statements
|--------------------------- | ---------------------------------------

Indicate the number of outstanding shares of each of the
Companys classes of capital or common stock as of the close of the period
covered by the annual report: 147,644,671 Common Shares as at December 31,
2014

Indicate by check mark whether the Company (1) has filed all
reports required to be filed by Section 13 or 15(d) of the under the Securities
Exchange Act of 1934 (the Exchange Act) during the preceding 12 months (or for
such shorter period that Company was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days.

Yes   [X]     No 
 [   ]

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Indicate by check mark whether the Company has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the Company was required to submit and post such files).

Yes   [   ]     No  
[   ]

2

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ANNUAL INFORMATION FORM, AUDITED FINANCIAL STATEMENTS AND
MD&A

Tahoe Resources Inc. (the Company or Tahoe)
is a Canadian public company whose common shares are listed on the Toronto Stock
Exchange and the New York Stock Exchange (the NYSE). It is a foreign
private issuer as defined in Rule 3b-4 under Securities Exchange Act of 1934,
as amended (the Exchange Act), and is eligible to file this annual
report on Form 40-F pursuant to the multi-jurisdictional disclosure system.

The following documents of the Company are filed as exhibits
to, and incorporated by reference into, this Annual Report:

|Document                                                                                                                                                                                                | Exhibit No.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -----------
|Annual Information Form of the Company for the
      year ended December 31, 2014                                                                                                                       | 99.1 (1)   
|Audited financial statements of the Company for
      the years ended December 31, 2014 and 2013, including the reports of the
      independent registered public accounting firm with respect thereto | 99.2 (1)   
|Management Discussion and Analysis of the Company
      for the years ended December 31, 2014 and 2013                                                                                                  | 99.3 (1)   

(1) Filed as an exhibit hereto.

Pursuant to Rule 3a12-3 under the Exchange Act, the Companys
equity securities are exempt from sections 14(a), 14(b), 14(c), 14(f) and 16 of
the Exchange Act.

INCORPORATION BY REFERENCE

The documents, forming part of this Form 40-F, are incorporated
by reference into the following registration statements under the Securities Act
of 1933, as amended.

Form
    Registration No.S-8
    333-181981


FORWARD-LOOKING STATEMENTS

This Annual Report includes or incorporates by reference
certain statements that constitute forward-looking statements within the
meaning of the United States Private Securities Litigation Reform Act of 1995.
These statements appear in a number of places in this Annual Report and
documents incorporated by reference herein, and include statements regarding the
Companys intent, belief or current expectation and that of the Companys
officers and directors. Wherever possible, words such as plans, expects, or
does not expect, budget, scheduled, estimates, forecasts, anticipate
or does not anticipate, believe, intend and similar expressions, or
statements that certain actions, events or results may, could, would,
might or will be taken, occur or be achieved, have been used to identify
forward-looking information.

Forward-looking information in this in this Annual Report and
documents incorporated by reference herein may include, but is not limited to:
statements relating to changes in Guatemalan mining laws and regulations;
information with respect to our future financial and operating performance and
that of our subsidiaries; the estimation of Mineral Resources and our
realization of mineral resource estimates; our statements relating to the
assessment of mineralization such mineralization warranting further drilling of
the property; our plan to pursue the exploration, permitting, engineering and
development of the Escobal project and to expand its resource base; our mine
development plan; costs, including projected operating costs, and timing of
further development of the Escobal project, including the resumption of work on
and the completion of the power line, the work required to optimize the paste
backfill and tailings filter plants, sustaining commercial production, achieving
production in excess of 3500 metric tons per day and in particular statements
relating to project costs, economics, production and timing for the 4500 metric
tons per day scenario; completion of a feasibility study in the third quarter of
2014; implementation of our comprehensive Environmental Impact Management
Program; our expectations with respect to reclamation obligations; the
acquisition of additional mineral resource interests in the Americas; future
exploration and development activities, and the costs and timing of those
activities; timing and receipt of approvals, consents and permits under
applicable legislation including the expected timeline for receiving the
exploitation permit for the Escobal project and permits for other mining
property concessions; results of future exploration and drilling; metals prices;
and adequacy of financial resources.

3

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Forward-looking information is based on the reasonable
assumptions, estimates, analysis and opinions of management made in light of its
experience and its perception of trends, current conditions and expected
developments, as well as other factors that management believes to be relevant
and reasonable in the circumstances at the date that such statements are made,
but which may prove to be incorrect. We believe that the assumptions and
expectations reflected in such forward-looking information are reasonable.
Assumptions have been made regarding, among other things: our ability to carry
on exploration and development activities; the timely receipt of required
approvals; the price of silver and other metals; our ability to operate in a
safe; efficient and effective manner; and our ability to obtain financing as and
when required and on reasonable terms. Readers are cautioned that the foregoing
list is not exhaustive of all factors and assumptions which may have been
used.

Forward-looking information is 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
information, including risks associated with our dependence on the Escobal
project and our limited operating and production history, risks associated with
the fluctuation of the price of silver and other metals, the risk of civil
unrest and political instability in Guatemala, the risk that permits to maintain
and expand the Escobal project cannot be obtained, risks associated with the
availability of additional funding as and when required, exploration and
development risks, permitting and licensing risks, uncertainty in the estimation
of mineral resources, geologic, hydrological, and geotechnical risks,
infrastructure risks, inflation risks, governmental regulation risks, security
risks including those along the concentrate transport route, environmental risks
and hazards, insurance and uninsured risks, land title risks, risks associated
with competition, risks associated with currency fluctuations, labour and
employment risks, risks associated with dependence on key management personnel
and executives, legislative, judicial and litigation risks, the risk that
dividends may never be declared, risks associated with the repatriation of
earnings, risks of continued negative operating cash flow, risks associated with
the Companys hedging policies, risks associated with the interests of certain
directors in other mining projects, risks associated with dilution, risks
associated with stock exchange prices and risks associated with effecting
service of process and enforcing judgments. See Description of Our Business 
Risk Factors in the Annual Information Form for the fiscal year ended December
31, 2014.

Our forward-looking statements are based on the reasonable
beliefs, expectations and opinions of management on the date of this Annual
Report. Although we have attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There is no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking information. We do
not undertake to update any forward-looking information, except as, and to the
extent required by, applicable securities laws, including applicable United
States federal securities laws. The forward-looking statements contained in this
Annual Report and the documents incorporated by reference herein are expressly
qualified by this cautionary statement.

CAUTIONARY NOTE TO UNITED STATES INVESTORS CONCERNING
ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES

The disclosure in this Annual Report, including the documents
incorporated by reference herein, uses terms that comply with reporting
standards in Canada and certain estimates are made in accordance with Canadian
National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI
43-101). NI 43-101 is a rule developed by the Canadian Securities
Administrators that establishes standards for all public disclosure an issuer
makes of scientific and technical information concerning mineral projects.
Unless otherwise indicated, all resource estimates contained in or incorporated
by reference in this Annual Report have been prepared in accordance with NI
43-101. These standards differ significantly from the requirements of the SEC,
and resource information contained herein and incorporated by reference herein
may not be comparable to similar information disclosed by U.S. companies.

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Certain documents incorporated by reference herein use the
terms probable mineral reserve and proven mineral reserve, as permitted
under NI 43-101. For United States reporting purposes, SEC Industry Guide 7
(under the United States Securities Exchange Act of 1934 (the Exchange
Act)), as interpreted by Staff of the SEC, applies different standards in
order to classify mineralization as a reserve. As a result, the definitions of
proven and probable reserves used in NI 43-101 differ from the definitions in
the SEC Industry Guide 7. Under SEC standards, mineralization may not be
classified as a reserve unless the determination has been made that the
mineralization could be economically and legally produced or extracted at the
time the reserve determination is made. Among other things, all necessary
permits would be required to be in hand or issuance imminent in order to
classify mineralized material as reserves under the SEC standards. Accordingly,
mineral reserve estimates calculated in accordance with Canadian standards may
not qualify as reserves under SEC standards.

In addition, this Annual Report uses the terms measured
mineral resource, indicated mineral resource and inferred mineral resource
to comply with the reporting standards in Canada. The Company advises United
States investors that while those terms are recognized and required by Canadian
regulations, the SEC does not recognize them. United States investors are
cautioned not to assume that any part or all of the mineral deposits in these
categories will ever be converted into mineral reserves. These terms have a
great amount of uncertainty as to their existence, and great uncertainty as to
their economic and legal feasibility.

Further, inferred mineral resources have a great amount of
uncertainty as to their existence and as to whether they can be mined legally or
economically. Therefore, United States investors are also cautioned not to
assume that all or any part of the inferred mineral resources exist. In
accordance with Canadian rules, estimates of inferred mineral resources cannot
form the basis of feasibility or other economic studies.

It cannot be assumed that all or any part of measured mineral
resources, indicated mineral resources or inferred mineral resources will
ever be upgraded to a higher category. Investors are cautioned not to assume
that any part of the reported measured mineral resources, indicated mineral
resources or inferred mineral resources in this Annual Report is economically
or legally mineable.

In addition, disclosure of contained ounces is permitted
disclosure under Canadian regulations; however, the SEC only permits issuers to
report mineralization as in place tonnage and grade without reference to unit
measures.

For the above reasons, information contained in this Annual
Report and the documents incorporated by reference herein containing
descriptions of our mineral deposits may not be comparable to similar
information made public by U.S. companies subject to the reporting and
disclosure requirements under the United States federal securities laws and the
rules and regulations thereunder.

NOTE TO UNITED STATES READERS REGARDING DIFFERENCES
BETWEEN UNITED STATES AND CANADIAN REPORTING PRACTICES

The Company is permitted to prepare this Annual Report in
accordance with Canadian disclosure requirements, which are different from those
of the United States. The Company has historically prepared its consolidated
financial statements in accordance with International Financial Reporting
Standards, as issued by the International Accounting Standards Board, which
differ in certain respects from United States generally accepted accounting
principles (US GAAP) and from practices prescribed by the SEC.
Therefore, the Companys financial statements incorporated by reference in this
Annual Report may not be comparable to financial statements prepared in
accordance with U.S. GAAP.

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DISCLOSURE CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

Disclosure controls and procedures are defined in Rule
13a-15(e) and 15d-15(e) under the Exchange Act to mean controls and other
procedures of an issuer that are designed to ensure that information required to
be disclosed by the issuer in the reports that it files or submits under the
Exchange Act is recorded, processed, summarized and reported, within the time
periods specified in the SECs rules and forms and includes. Disclosure controls
and procedures include, without limitation, controls and procedures designed to
ensure that such information is accumulated and communicated to the issuers
management, including its principal executive and principal financial officers,
or persons performing similar functions, as appropriate to allow timely
decisions regarding required disclosure.

Managements Evaluation of Disclosure Controls and
Procedures

At the end of the period covered by this Annual Report on Form
40-F, being the fiscal year ended December 31, 2014, an evaluation was carried
out under the supervision of and with the participation of the Companys
management, including the Chief Executive Officer (CEO) and Chief
Financial Officer (CFO), of the effectiveness of the design and
operations of the Companys disclosure controls and procedures (as defined in
Rule Rule 13a-15(e) and 15d-15(e) under the Exchange Act). Based on that
evaluation the CEO and the CFO have concluded that, as of the end of the period
covered by this Annual Report, the Companys disclosure controls and procedures
were effective to give reasonable assurance that the information required to be
disclosed by the Company in reports that it files or submits to the SEC under
the Exchange Act is:

| |  | recorded, processed, summarized and reported
      within the time periods specified in the SECs rules and forms, and                                         
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                                                                
| |  | accumulated and communicated to our management,
      including our CEO and CFO, as appropriate, to allow timely decisions
      regarding required disclosure.

INTERNAL CONTROL OVER FINANCIAL REPORTING

Internal Control over Financial Reporting

Internal control over financial reporting is defined in Rule
13a-15(f) and 15d-15(f) of the Exchange Act as a process designed by, or under
the supervision of, the issuers principal executive and principal financial
officers and effected by the issuers board of directors, management and other
personnel, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles and
includes those policies and procedures that:

| |  | pertain to the maintenance of records that, in reasonable
      detail, accurately and fairly reflect the transactions and dispositions of
      the assets of the company;                                                                                                                                                                                        
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                                                                                                                                                                                                                                                                    
| |  | provide reasonable assurance that transactions are
      recorded as necessary to permit preparation of financial statements in
      accordance with generally accepted accounting principles, and that
      receipts and expenditures of the company are being made only in accordance
      with authorizations of management and directors of the company; and
| |   |                                                                                                                                                                                                                                                                                                                                                                    
| |  | provide reasonable assurance regarding prevention or
      timely detection of unauthorized acquisition, use or disposition of the
      companys assets that may have a material effect on the financial
      statements.                                                                                                                                       

Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements. Also, projections
of any evaluation of effectiveness of internal control over financial reporting
to future periods are subject to risk that controls may become inadequate
because of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate.

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Managements Report on Internal Control Over Financial
Reporting

Management is responsible for establishing and maintaining
adequate internal control over financial reporting (as such term is defined in
Rule 13a-15(f) of the Exchange Act) for the Company.

With the participation of the CEO and CFO, management carried
out an evaluation of the Companys internal control over financial reporting as
at December 31, 2014. In making this evaluation, the Companys management used
the framework established in Internal Control-Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based
upon this evaluation, management concluded that the Companys internal control
over financial reporting was effective as at December 31, 2014. A copy of
managements report on the effectiveness of our internal controls is included
with the Audited Annual Financial Statements for the year ended December 31,
2014, filed as Exhibit 99.2 and incorporated by reference herein.

The Companys independent registered public accounting firm,
Deloitte LLP, has issued an attestation report on the effectiveness of our
internal control over financial reporting as of December 31, 2014. For Deloitte
LLPs report see the Audited Annual Financial Statements for the year ended
December 31, 2014 filed as Exhibit 99.2 and incorporated by reference herein,
under the heading Report of Independent Registered Public Accounting Firm.

Changes in Internal Control over Financial Reporting

During the year ended December 31, 2014, there were no changes
in the Companys internal control over financial reporting during the period
covered by the report that have materially affected, or are reasonably likely to
materially affect, the Companys internal control over financial reporting.

The Companys management, including the CEO and CFO, does not
expect that its disclosure controls and procedures or internal controls and
procedures will prevent all error and all fraud. A control system, no matter how
well conceived and operated, can provide only reasonable, not absolute,
assurance that the objectives of the control system are met. Further, the design
of a control system must reflect the fact that there are resource constraints,
and the benefits of controls must be considered relative to their costs. Because
of the inherent limitations in all control systems, no evaluation of controls
can provide absolute assurance that all control issues and instances of fraud,
if any, within the Company have been detected. These inherent limitations
include the realities that judgments in decision-making can be faulty, and that
breakdowns can occur because of simple error or mistake. Additionally, controls
can be circumvented by the individual acts of some persons, by collusion of two
or more people, or by management override of the control. The design of any
system of controls also is based in part upon certain assumptions about the
likelihood of future events, and there can be no assurance that any design will
succeed in achieving its stated goals under all potential future conditions;
over time, control may become inadequate because of changes in conditions, or
the degree of compliance with the policies or procedures may deteriorate.
Because of the inherent limitations in a cost-effective control system,
misstatements due to error or fraud may occur and not be detected.

NOTICES PURSUANT TO REGULATION BTR

The Company did not send any notices required by Rule 104 of
Regulation BTR during the year ended December 31, 2014 concerning any equity
security subject to a blackout period under Rule 101 of Regulation BTR.

CORPORATE GOVERNANCE

The Company is subject to corporate governance requirements
prescribed under applicable Canadian securities laws, rule and policies. The
Company is also subject to corporate governance requirements prescribed by the
listing standards of the NYSE, and the rules and regulations promulgated by the
SEC under the Exchange Act (including those applicable rules and regulations
mandated by the Sarbanes-Oxley Act of 2002).

Section 303A.11 of the NYSE Listed Company Manual permits
foreign private issuers to follow home country practices in lieu of certain
provisions of the NYSE Listed Company Manual. Furthermore, the Company may from
time-to-time seek relief from NYSE corporate governance requirements on specific
transactions under Section 303A.11 of the NYSE Listed Company Manual.

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A foreign private issuer that follows home country practices in
lieu of certain provisions of the NYSE Listed Company Manual must disclose any
significant ways in which its corporate governance practices differ from those
followed by domestic companies either on its website or in the annual report
that it distributes to shareholders in the United States. The Company believes
that there are no significant differences between its corporate governance
policies and those required to be followed by United States domestic issuers
listed on the NYSE.

The Companys Board of Directors (the Board of
Directors) is responsible for the Companys corporate governance policies
and has separately designated the following committees, in addition to a Health,
Safety, Environment and Community Committee:

| |  | Compensation Committee, as required by Section
      303A.05 of the NYSE Listed Company Manual,                           
| | - | --------------------------------------------------------------------------------------------------------------------------
| |   |                                                                                                                           
| |  | Corporate Governance and Nominating Committee,
      as required by Section 303A.04 of the NYSE Listed Company Manual, and
| |   |                                                                                                                           
| |  | Audit Committee, as required by Section 303A.06
      of the NYSE Listed Company Manual                                   

The Board of Directors has determined that all the members of
the Compensation Committee, Corporate Governance and Nominating, and Audit
Committees are independent, based on the criteria for independence currently
prescribed by section 303A.02 of the NYSE Listed Company Manual, and, with
reference to the Audit Committee, Rule 10A-3 of the Exchange Act.

Compensation Committee

The Compensation Committee is comprised of three independent
directors:

| |  | Kenneth F. Williamson (Chair),
| | - | ------------------------------
| |   |                               
| |  | Tanya M. Jakusconek, and      
| |   |                               
| |  | Paul B. Sweeney.              

The terms of reference for the Compensation Committee are
available on the Companys website at www.tahoeresourcesinc.com.

Corporate Governance and Nominating Committee

The Corporate Governance and Nominating Committee is comprised
of three independent directors:

| |  | Lorne B. Anderson (Chair),
| | - | --------------------------
| |   |                           
| |  | James S. Voorhees, and    
| |   |                           
| |  | John P. Bell.             

The terms of reference for the Corporate Governance and
Nominating Committee are available on the Companys website at
www.tahoeresourcesinc.com.

The Company is required by National Instrument 58-101 of the
Canadian Securities Administrators, Disclosure of Corporate Governance
Practices, to describe its practices and policies with regard to corporate
governance in management information circulars that are furnished to the
Companys shareholders in connection with annual meetings of shareholders.

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AUDIT COMMITTEE

Composition of the Audit Committee

The Company's Board of Directors has a separately designated
standing Audit Committee established in accordance with Section 3(a)(58)(A) of
the Exchange Act and Section 303A.06 of the NYSE Listed Company Manual. The
Company's Audit Committee is comprised of three directors that the Board of
Directors have determined are independent as determined under each of Rule 10A-3
under the Exchange Act and Section 303A.02 of the NYSE Listed Company
Manual:

| |  | Paul B. Sweeney (Chair),
| | - | ------------------------
| |   |                         
| |  | Lorne B. Anderson, and  
| |   |                         
| |  | Kenneth F. Williamson.  

All three members of the Audit Committee are financially
literate, meaning they are able to read and understand the Company's financial
statements and to understand the breadth and level of complexity of the issues
that can reasonably be expected to be raised by the Company's financial
statements. The Audit Committee meets the composition requirements set forth by
Section 303A.07 of NYSE Listed Company Manual.

During the year a member of our Audit Committee, Paul Sweeney,
served simultaneously on the audit committees of more than three public
companies (including our Company). Our board of directors has determined that
such simultaneous service did not impair the ability of Mr. Sweeney to
effectively serve on our Audit Committee. In January of 2015, Mr. Sweeney
reduced his participation on audit committees to three (including our Audit
Committee).

Audit Committee Charter

The full text of the Charter for the Audit Committee is
attached as Schedule A to the Company's annual information form, which is filed
as Exhibit 99.1 to this Annual Report. The Charter of the Audit Committee is
also available on the Companys website at www.tahoeresourcesinc.com.

Audit Committee Financial Expert

The Companys Board of Directors has determined that Paul B.
Sweeney, is an audit committee financial expert (as that term is defined in Item
407 of Regulation S-K under the Exchange Act).

CODE OF BUSINESS CONDUCT AND ETHICS

Adoption of Code of Ethics

The Company has adopted a Code of Business Conduct and Ethics
(the Code of Ethics) for all its directors, executive officers and
employees. The Code of Ethics materially complies with Section 303A.10 of the
NYSE Listed Company Manual. The Code of Ethics meets the requirements for a
code of ethics within the meaning of that term in Form 40-F. The text of the
Code of Ethics is posted on the Company's website at www.tahoeresourcesinc.com.

Amendments or Waivers

During the fiscal year ended December 31, 2014, the Company did
not substantively amend, waive or implicitly waive any provision of the Code of
Ethics with respect to any of the directors, executive officers or employees
subject to it.

To the extent that the Company's board or a board committee
determines to grant any waiver of the Code of Ethics for an executive officer or
director, Section 303A.10 of the NYSE Listed Company Manual requires that the
waiver must be disclosed to shareholders within four business days of such
determination.

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All amendments to the Code of Ethics, and all waivers of the
Code of Ethics with respect to the Companys principal executive officer,
principal financial officer or other persons performing similar functions, will
be posted on the Companys website, submitted to the SEC on Form 6-K and
provided in print to any shareholder that provides the Company with a written
request addressed to the Companys Corporate Secretary.

PRINCIPAL ACCOUNTANT FEES AND SERVICES

Principal Accountant Fees

The following table shows the aggregate fees billed to the
Company in CAD$ during the years ended December 31, 2014 and 2013 by Deloitte
LLP, in their respective capacities as the Companys independent registered
public accounting firm:

|                       |   | Year Ended December 31 | 
|---------------------- | - | ---------------------- | 
|                       |   | 2014                   | 
|Audit Fees (1)         | $ | 615,121                | 
|Audit Related Fees (2) |   | -                      | 
|Tax Fees (3)           |   | -                      | 
|All Other Fees (4)     |   | -                      | 
|Total                  | $ | 615,121                | 

| | (1) | Audit fees represent the aggregate fees billed for each
      of the last two fiscal years for professional services rendered by the
      principal accountant for the audit of the Companys annual financial
      statements and reviews of the Companys quarterly financial reporting, and
      other services that are normally provided by the accountant in connection
      with statutory and regulatory filings or engagements for those fiscal
      years.                                                                                                                                                
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
| | (2) | Audit related fees represent the aggregate fees billed in
      each of the last two fiscal years for assurance and related services by
      the principal accountant that are reasonably related to the performance of
      the audit or review of the Companys financial statements and are not
      reported under Audit Fees above. These audit-related services include
      accounting consultations on proposed and completed transactions, services
      performed in connection with the Companys listing on the NYSE. The
      principal accountant provided no audit related fees in 2013 or
  2014.
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
| | (3) | Tax fees represent the aggregate fees billed in each of
      the last two fiscal years for professional services rendered by the
      principal accountant for tax compliance, tax advice, and tax planning.
      These professional services included preparation of Canadian federal and
      provincial income tax returns, provision of advice on tax positions taken
      by the Company, and review of opinions relating to requests for rulings or
      technical advice from tax authorities. The principal accountant provided
      no tax fees in 2013 or 2014.                                         
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
| | (4) | All other fees represent aggregate fees billed in each of
      the last two fiscal years for products and services provided by the
      principal accountant, other than the services reported above under Audit
      Fees, Audit Related Fees or Tax Fees. These services related to Canadian
      indirect tax issues, Directors, stock based compensation, company
      reorganization and transfer price management. The principal accountant
      provided no other fees in 2013 or 2014.                                                                                                                     

Pre-Approval of Audit and Non-Audit Services Provided by
Independent Registered Public Accounting Firm

The Audit Committee pre-approves all audit services to be
provided to the Company by its independent registered public accounting firm.
Non-audit services that are prohibited to be provided to the Company by its
independent registered public accounting firm may not be pre-approved. In
addition, prior to the granting of any pre-approval, the Audit Committee must be
satisfied that the performance of the services in question will not compromise
the independence of the independent registered public accounting firm. All
non-audit services performed by the Companys independent registered public
accounting firm for the fiscal year ended December 31, 2014 were pre-approved by
the Audit Committee of the Company. No non-audit services were approved pursuant
to the de minimisexemption to the pre-approval requirement.

10

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OFF-BALANCE SHEET ARRANGEMENTS

The Company has not entered into any off-balance sheet
arrangements, as defined in General Instruction B(11) to Form 40-F, that have
or are reasonably likely to have a current or future effect on the Companys
financial condition, changes in financial condition, revenues, expenses, results
of operations, liquidity, capital expenditures or capital resources that are
material to investors.

CONTRACTUAL OBLIGATIONS

For a description of the contractual obligations of the
Company, see Commitments and Contingencies on page 21 of the Companys
management discussion and analysis for the year ended December 31, 2014 which is
attached as Exhibit 99.3 to this annual report on Form 40-F and incorporated by
reference herein.

MINE SAFETY DISCLOSURE

Pursuant to Section 1503(a) of the Dodd-Frank Wall Street
Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), issuers
that are operators, or that have a subsidiary that is an operator, of a coal or
other mine in the United States are required to disclose in their periodic
reports filed with the SEC information regarding specified health and safety
violations, orders and citations, related assessments and legal actions, and
mining-related fatalities under the regulation of the Federal Mine safety and
Health Administration under the Federal Mine Safety and Health Act of 1977.

The Company did not have any mines in the United States during
the fiscal year ended December 31, 2014.

UNDERTAKING AND CONSENT TO SERVICE OF PROCESS

Undertaking

The Company undertakes to make available, in person or by
telephone, representatives to respond to inquiries made by the Commission staff,
and to furnish promptly, when requested to do so by the Commission staff,
information relating to:

| |  | the securities registered pursuant to Form
      40-F;                                                   
| | - | ---------------------------------------------------------------------------------------------------------
| |   |                                                                                                          
| |  | the securities in relation to which the
      obligation to file an annual report on Form 40-F arises; or
| |   |                                                                                                          
| |  | transactions in said securities.                                                                         

Consent to Service of Process

Concurrently with the filing of its Registration Statement on
Form 40-F with the SEC on April 30, 2012, the Company filed an Appointment of
Agent for Service of Process and Undertaking on Form F-X signed by the Company
and its agent for service of process with respect to the class of securities in
relation to which the obligation to file this Annual Report on Form 40-F arises.

Any change to the name or address of the Companys agent for
service shall be communicated promptly to the Commission by amendment to Form
F-X referencing the file number of the Company.

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SIGNATURES

Pursuant to the requirements of the Exchange Act, the Company
certifies that it meets all of the requirements for filing on Form 40-F and has
duly caused this annual report to be signed on its behalf by the undersigned,
thereto duly authorized.

|Date: March 12, 2015 | TAHOE RESOURCES INC.
|-------------------- | --------------------
|                     |                     
|                     |                     
|                     |                     
|                     | By:                 
|                     |                     
|                     |                     

12

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EXHIBIT INDEX

|Exhibit Number | Exhibit Description                                                                                                                                                                                                            
|-------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|               |                                                                                                                                                                                                                                
|Principal      |                                                                                                                                                                                                                                
|Documents      |                                                                                                                                                                                                                                
|               |                                                                                                                                                                                                                                
|99.1           | Annual Information Form of the
      Company for the year ended December 31, 2014                                                                                                                                              
|               |                                                                                                                                                                                                                                
|99.2           | Audited financial statements of
      the Company and the notes thereto for the fiscal year ended December 31,
      2014 and 2013 together with the reports of the independent registered
      public accounting firm thereon
|               |                                                                                                                                                                                                                                
|99.3           | Management Discussion and
      Analysis of the Company for the years ended December 31, 2014 and 2013                                                                                                                         
|               |                                                                                                                                                                                                                                
|Certifications |                                                                                                                                                                                                                                
|               |                                                                                                                                                                                                                                
|99.4           | Certification of Chief
      Executive Officer pursuant to Rule 13a-14(a) of the Exchange Act                                                                                                                                  
|               |                                                                                                                                                                                                                                
|99.5           | Certification of Chief
      Financial Officer pursuant to Rule 13a-14(a) of the Exchange Act                                                                                                                                  
|               |                                                                                                                                                                                                                                
|99.6           | Certification of Chief
      Executive Officer pursuant to Rule 13a-14(b) of the Exchange Act and 18
      U.S.C. Section 1350, as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002                     
|               |                                                                                                                                                                                                                                
|99.7           | Certification of Chief
      Financial Officer pursuant to Rule 13a-14(b) of the Exchange Act and 18
      U.S.C. Section 1350, as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002                     
|               |                                                                                                                                                                                                                                
|Consents       |                                                                                                                                                                                                                                
|               |                                                                                                                                                                                                                                
|99.8           | Consent of Deloitte LLP, the
      Companys Independent Registered Public Accounting Firm                                                                                                                                     
|               |                                                                                                                                                                                                                                
|99.9           | Consent of Charles Muerhoff,
      the Companys Vice President Technical Services, dated March 12, 2015                                                                                                                       
|               |                                                                                                                                                                                                                                
|99.10          | Consent of Conrad Huss, P.E.,
      dated March 12, 2015                                                                                                                                                                       
|               |                                                                                                                                                                                                                                
|99.11          | Consent of Daniel Roth, P.E.,
      dated March 12, 2015                                                                                                                                                                       
|               |                                                                                                                                                                                                                                
|99.12          | Consent of Thomas L. Drielick,
      P.E., dated March 12, 2015                                                                                                                                                                
|               |                                                                                                                                                                                                                                
|99.13          | Consent of Jack Caldwell, P.E.,
      dated March 12, 2015                                                                                                                                                                     
|               |                                                                                                                                                                                                                                
|99.14          | Consent of Paul Tietz, C.P.G.,
      dated March 12, 2015                                                                                                                                                                      
|               |                                                                                                                                                                                                                                
|99.15          | Consent of Matthew Blattman,
      P.E., dated March 12, 2015                                                                                                                                                                  

13

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