10:01 AM EST, 02/24/2020 (MT Newswires) -- Endeavour Silver (EDR.TO) gained up to 5.0% in NYSE pre-trade on Monday as reported Q4 2019 net loss of US$17.9 million ($0.13 per share).

Full year EBITDA was $(11.1) million. The company attributed the loss to higher operating costs, increased general administrative and exploration costs, and depreciation and depletion due to short mine lives.

The company, which operates three silver-gold mines in Mexico,

CEO Bradford said: "Endeavour expects higher production and lower costs at each of its three mines in 2020.

"The company's financial performance last year was negatively impacted by significant operating issues and higher costs at each of our mines. We made sweeping changes to the mining operations in Q2 and Q3 and as a result, we are finally seeing production rising and costs falling, led by Guanacevi."

Price: 2.76, Change: +0.06, Percent Change: +2.22