Endeavour Silver shares are trading lower after the company announced the trunnion on the primary ball mill at the Guanacevi mill has failed and could take up to 12 weeks to replace. The processing of material at the Guanacevi mill has been suspended as a result.
Portfolio Pulse from Benzinga Newsdesk
Endeavour Silver shares are trading lower after the company announced a significant equipment failure at the Guanacevi mill, leading to a suspension of material processing for up to 12 weeks.
August 12, 2024 | 12:05 pm
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Endeavour Silver (EXK) announced that the trunnion on the primary ball mill at the Guanacevi mill has failed, leading to a suspension of material processing for up to 12 weeks. This has caused the company's shares to trade lower.
The failure of the trunnion on the primary ball mill at the Guanacevi mill is a significant operational issue, leading to a suspension of material processing for up to 12 weeks. This will likely impact the company's production and revenue, causing a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100