07:39 AM EDT, 08/19/2024 (MT Newswires) -- Endeavour Silver ( EXK ) said Monday that limited processing has resumed at its Guanacevi mine in Mexico after a disruption caused by equipment failure at the plant.

Endeavour's share price was down 0.7% at last look to US$2.99 in NYSE pre-market trading following the news.

The company previously reported the failure of the primary ball mill trunnion, but said it repurposed one of the regrind mills as the primary ball mill which is currently milling at a rate of 400 tonnes per day (tpd).

Endeavour said there is potential for the plant to operate near 500 tpd or close to half of its planned production capacity of 1,200 tpd during this temporary phase.

During the reduced processing period, the company said Guanacevi production is estimated to decrease by 900,000 to 1.1 million silver ounces and by 2,000 to 3,000 gold ounces compared to its original operating plan.

Endeavour said the fabrication of a new trunnion may take 16 weeks but noted that it is assessing several alternatives to shorten the estimated downtime of the primary ball mill.

The miner now expects silver equivalent production for 2024 to reach 7.3 million to 7.6 million ounces.