Endeavour Silver Corp. (TSX: T.EDR, Stock Forum) (NYSE: EXK, Stock Forum) said it is dealing with an illegal work stoppage at its El Cubo mine in Guanajuato. “To date, the blockade has been relatively peaceful,” the company said in a press release.
The company also said several non-union contract workers have blocked access to the Peregrina mine and Las Torres mine, plant and administrative officers. Endeavour said it has contacted Mexican government authorities and taken all the legal steps necessary to declare the stoppage illegal and cease the blockade.
However, the company said El Cubo mine operations have not been interrupted and union workers continue to produce and stockpile ore as usual. The Las Torres mine and flotation plant are now shut down, and mining operations have ceased at the Peregrina mine until further notice.
Down 5.5% to $9.03 on Tuesday, Endeavour has a market cap of $895.6 million, based on 99.2 million shares outstanding. The 52-week range is $12.47 and $7.34.