07:43 AM EDT, 08/12/2024 (MT Newswires) -- Endeavour Silver ( EXK ) shares slumped 6.2% on Monday after the miner suspended the processing of material at the Guanacevi mill in Mexico because the trunnion on the primary ball mill failed.

The miner traded at US$2.89 on NYSE pre-market trading at last look following the news.

The company said it could take up to 12 weeks to replace the equipment, adding that the disruption would impact its annual production and cost guidance.

Endeavour said it is assessing several alternatives, including operating at a significantly reduced capacity through minor conveyor modifications until the primary ball mill is operational.