Endeavour Silver Resumes Operations at Guanacevi Mine, Implements Temporary Modifications Following Ball Mill Failure, Endeavour Silver Expects Lower Output for 2024
Portfolio Pulse from Benzinga Newsdesk
Endeavour Silver Corp. (NYSE: EXK) has resumed operations at its Guanacevi mine following a ball mill failure. Temporary modifications have been made to maintain partial production, but output for 2024 is expected to be lower. The company anticipates a cash shortfall of less than $5 million over a 15-week period and has withdrawn its cost guidance for 2024.
August 19, 2024 | 10:56 am
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Endeavour Silver has resumed operations at its Guanacevi mine with temporary modifications following a ball mill failure. The company expects lower output for 2024 and has withdrawn its cost guidance.
The ball mill failure and subsequent temporary modifications will result in reduced production capacity and higher operating costs for Endeavour Silver. This is likely to negatively impact the stock price in the short term.
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