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2024-08-12 19:48
Endeavour Silver (NYSE:EXK) -11.7% pre-market Monday after saying the trunnion on the primary ball mill at its Guanacevi mill in Mexico has failed and could take as long as 12 weeks to replace; as a result, processing of material at the mill has been suspended.
Ebdeavour (EXK) said it is conducting an evaluation and analysis this week, but the downtime will affect Q3 production and likely will affect annual production and cost guidance.
Guanacevi, which the company said is its first and highest-grade silver mine, produced 5.1M oz of silver and nearly 15K oz of gold in 2023.