Tag Archives: Copper Production

Nevsun Increased Q2 Copper Output to 5.7m Pounds

Effective zinc and copper separation strategy yields 36% more copper concentrate production in Q2
After continuously working on strategies to better separate zinc and copper into their respective circuits, Nevsun has reported a 36% increase in copper concentrate production at its Bisha mine.

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. Continue reading Nevsun Increased Q2 Copper Output to 5.7m Pounds

Nevsun Records 7th Consecutive Quarterly Profit in Q3 2015

Nevsun continued to grow and grow despite lower copper price season and lower production at Bisha.

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 have generated earnings and free cash flow to fund our zinc capital expansion and comfortably maintain our dividend.”

Cliff Davis went on to say, “We reiterate our annual production guidance of 140 -150 million pounds of copper at a C1 cash cost per payable pound of copper of $1.20 to $1.40. Our disciplined approach to cost control and capital execution remain the building blocks for long-term success. We look forward to leveraging this skill set with our M&A strategy.” Continue reading Nevsun Records 7th Consecutive Quarterly Profit in Q3 2015

Can We Bank on Nevsun’s 4% Dividend Yield?

Nevsun’s Bisha Mine in Eritrea. Mine-site operating, general and administrative costs, freight, treatment and refining charges totalled $0.98 pr payable pound of copper sold, which ranked among the lowest in the industry.

By 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 cash reserves are equivalent to $1.69 per share. Nevsun also has over $450 million in working capital and minimal debt outstanding, and operating income from its Bisha mine was $52 million in the first quarter of 2014.  Continue reading Can We Bank on Nevsun’s 4% Dividend Yield?

Nevsun Achieves Industry Lowest Quartile Cash Costs as Copper Output Ramp up

Nevsun’s Bisha Mine in Eritrea. Mine-site operating, general and administrative costs, freight, treatment and refining charges totalled $0.98 pr payable pound of copper sold, which ranked among the lowest in the industry.

By 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 a loss of $4.2-million, or $0.03 in the fourth quarter last year.  Continue reading Nevsun Achieves Industry Lowest Quartile Cash Costs as Copper Output Ramp up

Nevsun has a License to Print Cash

Balance sheet the best in the Sector. This year, Nevsun expects to produce between 180 – 200 million pounds of copper to generate a total revenue of $550-600M.

By 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 for Nevsun. This will result in my conclusion at the end of this article.  Continue reading Nevsun has a License to Print Cash

Nevsun’s 2014 Outlook and Production Guidance

Eritrea-focused miner Nevsun Resources today announced that it was looking forward to its first full year of copper production at its flagship Bisha mine.

By 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 has a mine life in excess of 11 years. Continue reading Nevsun’s 2014 Outlook and Production Guidance