NEW YORK, NY / ACCESSWIRE / August 30, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE:EXK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Endeavour and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On August 12, 2024, Endeavour issued a press release 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."
On this news, Endeavour's stock price fell $0.42 per share, or 13.64%, to close at $2.66 per share on August 12, 2024.
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SOURCE: Pomerantz LLP