BY THE VALUE PORTFOLIO | SEEKING ALPHA Nevsun Resources (NYSEMKT: NSU) is a mining company with a market cap of $0.7 billion that has had a difficult time recently. However, as we will see throughout this article, strong market fundamentals, along with the company’s impressive distribution of assets and growth potential from its Timok Project, make […]
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By Seeking Alpha, IN SEVERAL earlier articles, I expressed my praise for Nevsun Resources (NYSEMKT:NSU) an unloved copper producer in Eritrea. A lot of investors are a bit wary of investing in Eritrea as the country [allegedly] doesn’t really embrace ethical values. However, I have always said that the downside risk is very limited due […]
Continue ReadingBy Seeking Alpha, When we last reported on Nevsun Resources (NSU) it was under the pre-text of Nevsun being a gold miner outperforming all other companies included in the Market Vectors Gold Miners ETF (GDX). Since then Nevsun has finished mining the top gold-bearing oxide zone and has transitioned to mining the supergene layer at […]
Continue ReadingBy Nevsun, Nevsun Resources Ltd. (TSX:NSU / NYSE MKT:NSU) (Nevsun or the Company) is pleased to report its financial and operating results for the year ended December 31, 2013. Unless otherwise noted, with the exception of earnings per share and realized price per ounce and per pound figures, all financial results are in thousands of US […]
Continue ReadingBy Thomas C Mountain, In the past decade the central African country of Zambia has exported some $30 billion of copper yet remains so deeply in debt to western banksters that it spends more in interest on Zambia’s debt that on health and education combined. Every month for the past ten years some $250 million of […]
Continue ReadingBy Carrie White, Vancouver-based Nevsun Resources (TSE:NSU)(AMEX:NSU) said Wednesday it posted strong first quarter results, and raised its gold production forecast for 2012 to 260,000 ounces. Shares rose nearly five percent on the back of the news, trading at $3.39 early Wednesday morning. The gold and base metal explorer/developer is currently focused on advancing its high grade gold, […]
Continue ReadingBy Matthew Hill, TSX-V- and ASX– quoted Sunridge Gold’s Asmara project in Eritrea has the potential to produce 25,900 t of copper and 61,800 t of zinc yearly, in addition to silver and gold, the company said on Wednesday, announcing the results of a prefeasibility study. At a 10% discount rate, the project has a $555-million […]
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