BY MINING WEEKLY and NEVSUN Base metals producer Nevsun Resources has reported a strong recovery of copper concentrate production, lifting second-quarter output to 5.7-million pounds. It is a sharp recovery for the Eritrea-focused company, which resorted to producing a bulk zinc/copper concentrate late last year owing to plant issues at the Bisha mine.
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By Nevsun, Nevsun Resources Ltd. (TSX:NSU)(NYSE MKT:NSU) is pleased to report its financial and operating results for the three and nine months ended September 30, 2015. Cliff Davis, CEO of Nevsun, commented, “Nevsun’s balance sheet remains strong and poised for growth despite weaker metal prices and lower production at Bisha. On a year-to-date basis, we […]
Continue ReadingBy Daniel T. Cook, COMPARED to its peers, Nevsun Resources’ (NYSEMKT: NSU ) cash costs to produce copper (98 cents per pound in Q1) are among the lowest in the world. The company is full of more good numbers, too. It pays a quarterly dividend of $0.035, shares offer a current yield of 4%, and […]
Continue ReadingBy Nevsun & Henry Lazenby, NEVSUN Resources, which is focused on extracting copper from its 60%-owned high-grade Bisha copper mine, in Eritrea, this week reported rising first-quarter profit as copper output ramped up. The Vancouver-based miner late on Tuesday reported net income of $15.4-million, or $0.08 a share for the three months ended March 31, compared with […]
Continue ReadingBy Seeking Alpha, In this article I’ll have a closer look at Nevsun Resources (NSU) which recently made the transition from being a gold producer to become a copper producer. I will provide my view on the company’s financial results and the status of its balance sheet, where after I will briefly discuss the outlook […]
Continue ReadingBy Nevsun, Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) today announces its 2014 outlook for planned copper production from the Bisha Mine in Eritrea. The Bisha Mine, operated by Nevsun’s sixty percent owned subsidiary Bisha Mining Share Company (BMSC) is one of the highest grade open pit base metal deposits in the world and […]
Continue ReadingBy The Northern Miner, Nevsun Resources (TSX: NSU; NYSE: NSU) continues to prove up the mineral potential of Eritrea. The company wrapped up a sizable drill program at the Northwest zone, roughly 2km from its 60% – owned Bisha mine, and the results show that an upcoming maiden resource estimate on the zone well impress […]
Continue ReadingBy Nevsun, Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) is pleased to announce that the Bisha Mine in Eritrea has reached commercial production for the copper expansion with the successful commissioning of its flotation plant.
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