Tag Archives: gold

Nevsun Resources has the Highest Dividend Yield in the Gold Industry

A gold producer and base metal developer in Eritrea, has the highest dividend yield (4.1%) in the Gold industry
A gold producer and base metal developer in Eritrea, has the highest dividend yield (4.1%) 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 a gold-copper-zinc mine in Eritrea.

Thus far today, Nevsun Resources has traded 27,000 shares, vs. average volume of 220,000 shares per day. The stock has matched the Dow (with a -0.3% move) and matched the S&P 500 (with a -0.3% move) during today’s trading. Continue reading Nevsun Resources has the Highest Dividend Yield in the Gold Industry

Eritrea and Sunridge Gold Forms a Joint Venture Company

MILESTONE ACHIEVED. Project JV formalized for the Asmara gold-copper-zinc project. Government participation in the JV virtually assures the award of mining licenses in the near future.

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 now being transferred from Sunridge Gold Eritrea to AMSC. Continue reading Eritrea and Sunridge Gold Forms a Joint Venture Company

SFECO Group Advancing Development of the Zara Mine

Zara Mine: 800 cubic meters thick pool, adsorption columns, thickener, ball mill foundation, leach tank

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 main plant.

Zara gold project is operated by the Zara Mining Share Company (ZMSC), a joint venture company established between China SFECO Group (60%) and the Eritrean National Mining Corporation ENAMCO (40%).  Continue reading SFECO Group Advancing Development of the Zara Mine

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.

In to a major Copper Producer

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 and prices, as the company transitions to a majority copper producer, managing to keep costs in line with expectations despite the weaker metals environment and the capital-intensive project underway.

It also announced an increase in its dividend, and said that it expects commercial copper output by the end of this year.  Continue reading Nevsun: Commercial Copper Production Expected by Year-End

Nevsun Transitioning From Gold To Copper Producer

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

By Gary Bourgeault,

Nevsun Resources (NSU) has had a fascinating history, and for investors getting in the latter part of 2008 and early part of 2009 (when it was trading under $1.00), they enjoyed some huge gains, as the share price soared to as high as $7.53 per share in the latter part of 2010.

Alas it wasn’t the fate of the stock to continue on with that performance, as it has steadily fallen from those highs to trade at just over $3.00 per share as I write.

The challenge at this time for Nevsun, now that its best gold years are now behind it, is in transitioning from gold production to a low cost copper concentrate producer, with gold becoming a byproduct of copper production. Depending on the price movement of gold, this could be considered a huge positive or a significant negative for the company.  Continue reading Nevsun Transitioning From Gold To Copper Producer

US$83.5 million to Fund Zara Gold Project

SFECO Group is one of the six massively investing Chinese companies in Eritrea

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, CEO of Foreign Economic Group.

ZMSC is a joint venture company established between China SFECO Group (60%) and the Eritrean National Mining Corporation ENAMCO (40%).  Continue reading US$83.5 million to Fund Zara Gold Project