NEW YORK, Aug. 26, 2024 /PRNewswire/ -- 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 newaction@pomlaw.com 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.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
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SOURCE Pomerantz LLP
