07:29 AM EDT, 08/19/2024 (MT Newswires) -- Endeavour Silver ( EXK ) said Monday that processing has resumed while mining operations will continue at a reduced rate at its Guanacevi mine site in Mexico after the primary ball mill trunnion failure last week.

The company said it has implemented temporary solutions and estimates a cash shortfall of less than $5 million over an estimated 15-week period of reduced processing at the mine. Endeavour Silver ( EXK ) also said it has obtained an initial quotation of $500,000 for trunnion fabrication and a 16-week installation period but is still considering alternatives to shorten the estimated downtime.

Endeavour Silver ( EXK ) flagged an expected decline in Guanacevi production during the reduced processing period and withdrew its cost guidance, saying it expects operating costs and all-in sustaining costs to be higher than its 2024 guidance due to the expected downtime.

Price: 2.9900, Change: -0.02, Percent Change: -0.66