11:35 AM EST - Endeavour Silver Corp. : Announced that based on an updated review of the reserves and resources, which are now exhausted, the Company will suspend operations at the El Cubo underground mine in Guanajuato, Mexico. All employees will be laid off and the mine, plant and tailings facilities will be placed on short term care and maintenance while management conducts an evaluation of the alternatives including final closure.Mining operations will cease on November 30, 2019 and milling operations will continue for approximately one week until the ore stockpile has been processed and the mill cleaned of concentrates. Suspension costs are estimated to be approximately $3.5-4.0 million, primarily in Q4, 2019 including final severance payments for all employees. Endeavour Silver Corp.
shares T.EDR are trading down $0.20 at $2.93.
