In the last three months that ended September 30, 2012, Nevsun pays the Eritrean government $30,037,000 as income tax and $8,154,000 for Royalty. The government pays back $5,731,000 as partial payment for its 30% share in the Bisha Mine By Nevsun, Nevsun Resources Ltd.(TSX:NSU / NYSE MKT:NSU) today reported financial and operating results for the third quarter ended September […]
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 […]
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BY NEVSUN Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) (“Nevsun”) is pleased to announce that the Bisha Mining Share Company (“Bisha”), a 60% owned subsidiary of Nevsun, has entered into an agreement (the “Agreement”) to acquire the Mogoraib exploration license (the “Property”) in Eritrea.
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