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 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.
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.