07:32 AM EDT, 10/08/2024 (MT Newswires) -- Endeavour Silver ( EXK ) was at last look down 3.4% in US premarket trade on Tuesday as it reported third quarter production results and said problems at the Guanacevi mine pose "a significant short-term challenge".

The company reported third-quarter production of 874,717 silver ounces and 9,290 gold ounces, for silver equivalent production of 1.6 million ounces. It said total year-to-date production of 6.0 million AgEq ounces is "tracking towards" the updated 2024 production guidance of 7.3 million to 7.6 million AgEq ounces.

While the trunnion failure at the Guanacevi mine is creating problems, "it's how we manage these difficult moments that often shapes our long-term success," said Chief Executive Dan Dickson in a statement, adding that the company aims to get the mine back at full production capacity in December.

EDR dropped $0.11 to $5.69 on the TSX yesterday.