Endeavour Silver Corporation (EXK) Investigation: Bronstein, Gewirtz and Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
Bronstein, Gewirtz & Grossman, is investigating potential claims against Endeavour Silver (NYSE:EXK) on behalf of investors. The investigation follows Endeavour's August 12, 2024 announcement of a primary ball mill failure at the Guanacevi mill, leading to suspended processing and expected impacts on Q3 production and annual production and cost guidance. The downtime could last up to 12 weeks.
Investors who purchased Endeavour securities are encouraged to assist the investigation by visiting bgandg.com/EXK. The law firm operates on a contingency fee basis, seeking reimbursement for expenses and attorneys' fees only if successful. Bronstein, Gewirtz & Grossman, has a track record of recovering millions for investors in securities fraud class actions and shareholder derivative suits.
Bronstein, Gewirtz & Grossman sta indagando su potenziali reclami contro Endeavour Silver (NYSE:EXK) per conto degli investitori. L'indagine segue l'annuncio di Endeavour del 12 agosto 2024 riguardo a un guasto del molino a sfere principale presso il molino di Guanacevi, che ha portato alla sospensione dei processi e a impatti attesi su produzione nel terzo trimestre, proiezioni annuali di produzione e costi. Il fermo potrebbe durare fino a 12 settimane.
Gli investitori che hanno acquistato titoli Endeavour sono invitati a supportare l'indagine visitando bgandg.com/EXK. Lo studio legale opera su base di commissione condizionata, cercando il rimborso delle spese e delle parcelle legali solo in caso di successo. Bronstein, Gewirtz & Grossman ha un comprovato track record di recupero di milioni per gli investitori in azioni collettive per frode sui titoli e azioni derivate degli azionisti.
Bronstein, Gewirtz & Grossman está investigando posibles reclamaciones contra Endeavour Silver (NYSE:EXK) en nombre de los inversores. La investigación sigue al anuncio de Endeavour del 12 de agosto de 2024 sobre un fallo en el molino de bolas principal en la planta de Guanacevi, lo que llevó a la suspensión del procesamiento y a impactos esperados en la producción del tercer trimestre, así como en las proyecciones anuales de producción y costos. El tiempo de inactividad podría durar hasta 12 semanas.
Se anima a los inversores que adquirieron valores de Endeavour a ayudar en la investigación visitando bgandg.com/EXK. El bufete de abogados opera con un sistema de honorarios de contingencia, buscando el reembolso de gastos y honorarios legales solo si tiene éxito. Bronstein, Gewirtz & Grossman tiene un historial de recuperar millones para los inversores en acciones colectivas por fraude en valores y demandas derivadas de accionistas.
브론스타인, 게위르츠 & 그로스만은 투자자를 대신하여 엔데버 실버(NYSE:EXK)에 대한 잠재적 청구를 조사하고 있습니다. 이 조사는 엔데버가 2024년 8월 12일 발표한 구아나세비 공장의 주밀링 밀 고장에 따른 것으로, 처리 중단 및 3분기 생산과 연간 생산 및 비용 가이던스에 대한 예상 영향이 따릅니다. 다운타임은 최대 12주 지속될 수 있습니다.
엔데버 증권을 구매한 투자자는 bgandg.com/EXK를 방문하여 조사에 도움을 줄 것을 권장합니다. 이 법률 사무소는 성공하는 경우에만 비용 및 변호사 수수료에 대한 환급을 요구하는 조건부 수수료 기반으로 운영됩니다. 브론스타인, 게위르츠 & 그로스만은 증권 사기 집단 소송 및 주주 파생 소송에서 투자자를 위해 수백만 달러를 회수한 경험이 있습니다.
Bronstein, Gewirtz & Grossman enquête sur des réclamations potentielles contre Endeavour Silver (NYSE:EXK) au nom des investisseurs. L'enquête fait suite à l'annonce d'Endeavour le 12 août 2024 concernant un échec du broyeur à boulets principal à l'usine de Guanacevi, entraînant la suspension du traitement et les impacts attendus sur la production du troisième trimestre ainsi que les prévisions de production et de coûts annuels. Le temps d'arrêt pourrait durer jusqu'à 12 semaines.
Les investisseurs ayant acquis des titres d'Endeavour sont invités à aider à l'enquête en visitant bgandg.com/EXK. Le cabinet d'avocats fonctionne sur la base d'honoraires conditionnels, recherchant le remboursement des frais et des honoraires d'avocat uniquement en cas de succès. Bronstein, Gewirtz & Grossman a un bilan de récupération de millions pour les investisseurs dans des actions collectives pour fraude sur les titres et des actions dérivées des actionnaires.
Bronstein, Gewirtz & Grossman untersucht potenzielle Ansprüche gegen Endeavour Silver (NYSE:EXK) im Namen der Investoren. Die Untersuchung folgt auf die Ankündigung von Endeavour am 12. August 2024 über einen Hauptmühlenausfall im Guanacevi-Werk, was zu einer Aussetzung der Verarbeitung und zu erwarteten Auswirkungen auf die Produktion im dritten Quartal sowie die jährlichen Produktions- und Kostenvorgaben führt. Die Ausfallzeit könnte bis zu 12 Wochen dauern.
Investoren, die Wertpapiere von Endeavour erworben haben, werden ermutigt, die Untersuchung zu unterstützen, indem sie bgandg.com/EXK besuchen. Die Kanzlei arbeitet auf der Basis einer Erfolgshonorierung und sucht eine Erstattung der Kosten und Anwaltsgebühren nur im Erfolgsfall. Bronstein, Gewirtz & Grossman hat eine Erfolgsbilanz von Millionenrückforderungen für Investoren in Sammelklagen wegen Wertpapierbetrugs und in Aktienschutzklagen.
- None.
- Primary ball mill failure at Guanacevi mill
- Processing suspended for up to 12 weeks
- Q3 production impact expected
- Annual production and cost guidance likely affected
- Potential legal claims against the company
Insights
This investigation by Bronstein, Gewirtz & Grossman, into Endeavour Silver (EXK) is a significant development for investors. The law firm's focus on the company's disclosure of operational issues at its Guanacevi mill suggests potential securities fraud concerns. Key points to consider:
- The 12-week mill downtime could have material impacts on Endeavour's financials and stock performance.
- The timing and nature of the company's disclosure will be scrutinized for compliance with securities laws.
- Investors should monitor for any class action lawsuits that may arise from this investigation.
While it's premature to conclude wrongdoing, this investigation highlights the importance of timely and accurate disclosures by public companies. Investors should stay informed about the progress of this investigation and any subsequent legal actions.
The operational issues at Endeavour Silver's Guanacevi mill present significant financial risks for the company. Key financial implications include:
- Revenue impact: The 12-week production halt will likely result in a substantial decrease in Q3 revenue and potentially affect full-year results.
- Cost implications: Fixed costs will continue while production is suspended, potentially squeezing profit margins.
- Guidance revisions: The company's admission that annual production and cost guidance will be impacted suggests a downward revision of financial forecasts.
Investors should closely monitor upcoming financial reports and any revised guidance from Endeavour. The company's liquidity position and ability to manage this unexpected disruption will be important factors in assessing its financial health going forward.
The failure of the primary ball mill at Endeavour Silver's Guanacevi operation is a serious operational setback. Key industry-specific considerations:
- Equipment reliability: Ball mill failures are not uncommon in mining, but a 12-week replacement timeframe suggests potential supply chain or logistical challenges.
- Production impact: Guanacevi is one of Endeavour's key producing assets. This downtime will significantly affect the company's silver and gold output for the year.
- Operational risk: This incident highlights the vulnerability of single-mill operations and may prompt investors to scrutinize the company's risk management and maintenance practices.
Moving forward, Endeavour must demonstrate effective crisis management and provide transparent updates on the mill replacement progress to maintain stakeholder confidence.
NEW YORK CITY, NY / ACCESSWIRE / August 27, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Endeavour Silver Corporation ("Endeavour" or "the Company") (NYSE:EXK). Investors who purchased Endeavour securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/EXK.
Investigation Details
On August 12, 2024, Endeavour issued a press release informing investors that "the primary ball mill at the Guanacevi mill has failed and could take up to 12 weeks to replace" and that "as a result, processing of material at the Guanacevi mill has been suspended." Endeavour continued to state that "this downtime will impact Q3 production and is expected to impact annual production and cost guidance."
What's Next?
If you are aware of any facts relating to this investigation or purchased Endeavour securities, you can assist this investigation by visiting the firm's site: bgandg.com/EXK. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller,
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz and Grossman, LLC
View the original press release on accesswire.com
FAQ
What happened to Endeavour Silver 's (EXK) Guanacevi mill?
How will the Guanacevi mill failure affect Endeavour Silver 's (EXK) production?
What legal action is being taken regarding Endeavour Silver (EXK)?
How can investors participate in the investigation of Endeavour Silver (EXK)?
