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Investigation Details
Endeavour issued a press release on August 12, 2024, disclosing that “the primary ball mill at the Guanacevi mill” in Mexico “has failed and could take up to 12 weeks to replace” and that “[a]s a result, processing of material at the Guanacevi mill has been suspended.” The Company further stated that “this downtime will impact Q3 production and is expected to impact annual production and cost guidance.”
Following this news, Endeavour’s stock price fell over 13% on August 12, 2024.
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