By Nevsun, Nevsun Resources Ltd. (TSX:NSU / NYSE Amex:NSU) is pleased to report its financial and operating results for the second quarter of 2013. Unless otherwise noted, with the exception of earnings per share and cash cost per ounce figures, all results are in thousands of US dollars. This release should be read in conjunction with […]
Continue ReadingBy The Northern Miner, Last year marked the second year of production at Nevsun Resources (NSU-T, NSU-N) 60%-owned Bisha mine in Eritrea and already its balance sheet is the envy of many companies in the industry. Nevsun ended 2012 with US$396 million in cash and no debt after posting record revenues of US$566 million and cash costs […]
Continue ReadingBy Nevsun, Nevsun Resources Ltd. (TSX:NSU / NYSE MKT:NSU) today provides details on 2013 exploration plans on Eritrean properties. Cliff Davis, Nevsun CEO commented, “A fresh review of the exploration potential for our mining and exploration licenses has been completed recently. This has highlighted a large number of high quality untested targets both in the immediate […]
Continue Reading“The Eritrean government recognized early on that it had to work with foreign investment to make a mining industry a reality” By The Gold Report, Here’s an excerpt of an interview with Haywood Analyst Stefan Ioannou published in the Gold Report (TGR) about the development of the mining industry in Eritrea.
Continue ReadingBy Stock Tube, Michael Hopley, President and CEO of Sunridge Gold (CVE:SGC) explains that the company, with money in the bank for the feasibility study, has a lot of copper and precious metals on the project and now hopes to be in production earlier than initially indicated. Michael also says that investors should look to […]
Continue ReadingVancouver-based Nevsun expects to produce 280,000 to 300,000 gold ounces for the year as it mines higher grades of ore at its flagship Bisha mine in Eritrea. By Reuters, Canadian miner Nevsun Resources Ltd’s quarterly profit rose 12 percent as it realized higher prices for gold sold, and the company raised its gold production forecast […]
Continue ReadingMarketwire, Sunridge Gold announces the engagement of Endeavour Financial International Corporation (“Endeavour”) on an exclusive basis to provide financial advisory services with respect to its debt financing requirements for the development of the Asmara Project, Eritrea. The feasibility study at Debarwa copper-gold-zinc deposit is now substantially past the halfway point of completion and the prefeasibility study […]
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