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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