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Why Endeavour Silver Stock Is Slumping Today

TheMotleyFool

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Why Endeavour Silver Stock Is Slumping TodayBild von Steve Bidmead auf Pixabay : https://pixabay.com/de/photos/gold-ingots-golden-schatz-513062/

Shares of Endeavour Silver (NYSE: EXK) sank more than 11% by 2:30 p.m. EST on Tuesday. Weighing on the silver and gold miner: its third-quarter results.

Endeavour Silver reported a steep decline in production during the third quarter. Its silver output plunged 34% to 948,547 ounces while its gold production slumped 25% to 9,716 ounces. Weighing on its output were a planned reduction at its El Cubo mine and lower volumes and ore grades at its Bolanitos mine. Those issues more than offset higher production at Guanacevi and the start-up at El Compas.

Image source: Getty Images.

Source Fool.com

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