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→
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?→
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→