Tag Archives: Nevsun cuts gold production estimates by half

Nevsun to Mine up to 210,000 oz of Gold in 2012 From Bisha Mine

Nevsun cuts this year’s gold production estimates from its Bisha mine, which is one of the highest grade open pit base metal deposits in the world, by almost half.

Focusing on delivering second phase copper plant at its Bisha mine, Nevsun says it cuts its gold production estimates for this year to 210,000 oz of gold

By The Canadian Press,

Nevsun Resources Ltd. (TSX:NSU) says it expects to produce between 190,000 – 210,000 ounces of gold this year from its Bisha mine in Eritrea — about half of what the junior miner was originally expecting.

The Vancouver company said Tuesday that original resource estimates used in planning the mine “over-estimated gold in portions of the Bisha Main oxide mineralization.”

Accordingly, the ounces to be produced in 2012 are about half of what Nevsun was previously expecting,” the company said. Continue reading Nevsun to Mine up to 210,000 oz of Gold in 2012 From Bisha Mine