Endeavour Silver's Guanacevi Mill Offline 3 Weeks, Output Cut 45%
EXK sits 63% above its 52-week low of $6.16.
Summary
Endeavour Silver's highest-grade mine, Guanacevi, has its primary ball mill offline for about three weeks due to a mechanical issue. Throughput drops to 600 t/d from ~1,100 t/d, a 45% cut, while mining continues. The company says repair costs are minimal and parts are on site. This follows the 6-K filed this morning; the stock is down 0.9% pre-market. Watch for any update on repair timeline or production guidance impact.
At the time of this announcement, EXK was trading at $10.02 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3B. The 52-week trading range was $6.16 to $15.15. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.