Nevsun Resources has the Highest Dividend Yield in the Gold Industry

By FNN Online, BELOW are the three companies in the Gold industry with the highest dividend yields. Dividends can enhance returns for investors seeking income in addition to capital gains. Nevsun Resources (AMEX:NSU) is highest with a dividend yield of 4.1%. Nevsun Resources Ltd. is a gold producer and base metal developer. The Company has […]

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Eritrea and Sunridge Gold Forms a Joint Venture Company

By Sunridge Gold, SUNRIDGE Gold Corp. (the “Company” or “Sunridge”) (SGC: TSX.V/SGCNF: OTCQX) is pleased to announce that the Asmara Mining Share Company (“AMSC”) has recently been formed in Eritrea. AMSC is the operating entity which will own and operate the Asmara copper-zinc-gold mine in Eritrea. The Asmara Project, equipment and all Eritrean employees are […]

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SFECO Group Advancing Development of the Zara Mine

By TesfaNews, CHINESE investment group SFECO this week announced that mine construction work at the Zara gold project in Eritrea entered a smooth 200 days. In comparison to the Bisha mine, the Zara Gold project is found in a mountainous terrain with some unfavorable natural factors. However, the company said it achieved to complete the fundamental structures needed for the […]

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Nevsun: Commercial Copper Production Expected by Year-End

“Q2 cash costs were managed to expectations helping Nevsun maintain a strong balance sheet despite the drop in metals prices and delivery of a significant capital expansion project,” said president and CEO Cliff Davis. By Deborah Bacal, Nevsun Resources (TSE:NSU)(NYSE MKT:NSU) reported Wednesday that its second quarter profit and revenues declined sharply on lower gold volumes […]

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US$83.5 million to Fund Zara Gold Project

By TesfaNews, Zara Mining Share Company (ZMSC) have entered in to an Engineering, Procurement and Construction (EPC) contract to commence construction work on the Zara Gold Project in Eritrea. The EPC contract that amounts approximately $83.58 million for a two-year construction period was signed between ZMSC General Manager Mr. Michael P. Kelly and Mr. Zhang, […]

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Sunridge Gold Defines Sixth Mineral Resource at Asmara Project

“We have always said that the Asmara Project is very prolific and now we have six deposits so far and probably more to go!” said president and CEO Michael Hopley. By Proactive Investors, Sunridge Gold Corp. (CVE:SGC) has added more good news to an already auspicious month with the completion of a mineral resource estimate for […]

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Mining Companies Start to Trust Eritrea – (Interview)

By TesfaNews, Thibaut Lepouttre, an expert and editor of Caesars Report, a newsletter and mining portal based in Belgium that covers several junior mining companies with a special focus on precious metals and base metals, hold an exclusive interview with The Gold Report magazine yesterday about the importance of country risks for mining investments. Jjursdiction […]

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