Tag Archives: Eritrea resources

Nevsun Upgrades Mineral Resources Estimates in Eritrea

bisha-harena
Nevsun has lifted the mineral resources estimates at its Bisha and Harena deposits in Eritrea. Measured and indicated resources at Bisha district now contains 959 million pounds of copper, 3.56 billion pounds of zinc, 840 thousand ounces of gold, and 46 million ounces of silver. This is without including the new massive sulphide mineralization at Asheli deposits.

By Nevsun Resources,

Nevsun Resources Ltd. (TSX:NSU / NYSE MKT:NSU) (“Nevsun” or the “Company”) is pleased to announce the updated mineral resource estimate effective December 31, 2015, for both the Bisha and Harena deposits. These updated resources form the first part of the annual year end mineral reserve and mineral resource statement for 2015. The updated mineral reserve estimate, currently in-progress, will be released in our Annual Information Form. Continue reading Nevsun Upgrades Mineral Resources Estimates in Eritrea

Nevsun Announces Q3 Financial and Operating Results for 2013

Nevsun: Copper Production, Disciplined Growth.

By Nevsun,

Nevsun Resources Ltd.(TSX:NSU / NYSE Amex:NSU) is pleased to report its financial and operating results for the third quarter of 2013. Unless otherwise noted, with the exception of earnings per share, all results are in thousands of US dollars. Continue reading Nevsun Announces Q3 Financial and Operating Results for 2013

Update on Bisha Copper Commissioning

Nevsun is operator of the Bisha Mine, one of the highest grade open pit copper mines in the world. With a strong balance sheet and future cash flow, Nevsun is positioned for growth while maintaining a strong dividend.

Nevsun and Bisha. Copper Production, Disciplined Growth.

By Nevsun,

Nevsun Resources Ltd. (TSX:NSU / NYSE MKT:NSU) is pleased to announce commissioning of the new copper flotation plant is progressing well with continued production of saleable copper concentrate and commercial production expected before the end of year. Continue reading Update on Bisha Copper Commissioning

Nevsun Q1 Production in Line with Guidance

Nevsun transition is on plan to start copper production mid this year

By Henry Lazenby,

Vancouver-based gold miner Nevsun Resources on Tuesday said the 42 000 oz of gold it had produced at its flagship Bisha mine, in Eritrea, was in line with expectations as it was preparing to switch from processing gold-bearing oxides to copper ore by midyear.

The company expected to produce between 80 000 and 90 000 oz of gold in the first half of the year.

Waste mined in the quarter totalled 1.92-million tons for a strip ratio of 5.1:1. Despite a two-week mill shut-down for mill re-lining and readying for the copper transition later this year, the company milled 432 000 tons of ore.  Continue reading Nevsun Q1 Production in Line with Guidance