Tag Archives: Nevsun Resources

Nevsun Extends Mine Life at Bisha Until 2022

Nevsun extends the life of its flagship copper-zinc Bisha mine in Eritrea to the end of 2022.
Nevsun extends life of its flagship copper-zinc Bisha mine in Eritrea to the end of 2022.

BY NEVSUN RESOURCES

Canada’s Nevsun Resources (TSX, NYSEMKT:NSU), together with its Eritrean partner ENAMCO, has approved an extension to the life of its flagship copper-zinc Bisha mine in Eritrea to the end of 2022 — 18 months later than the planned end of operations announced by the company last year. Continue reading Nevsun Extends Mine Life at Bisha Until 2022

Nevsun Resources Rejects $1.16b Takeover Offer

Nevsun rebuffs Lundin’s takeover offer. The Timok upper zone Net Present Value alone (at 8% discount rate) is US$1.5 billion. This is without adding the massive Bisha copper-zinc mine. (Photo: Martin Zimmermann)

BY REUTERS

Canadian miners Lundin Mining Corp and Euro Sun Mining Inc disclosed on Monday an offer made earlier to buy base metals company Nevsun Resources Ltd, which rejected the C$1.5 billion ($1.16 billion) proposal. Continue reading Nevsun Resources Rejects $1.16b Takeover Offer

Bye Bye Bisha?

Once proud operation by Nevsun Resources, the Bisha mine life has now reduced to only four years of operation. What is the future holds for Nevsun, Bisha and the other satellite deposits around the mine? (Photo: Martin Zimmermann)

BY ITINERANT | SEEKING ALPHA

Nevsun Resources (NSU) stunned markets a couple of weeks ago with a radical change in strategy. The new mine plan for Bisha in Eritrea included the shelving of plans for underground operations at the Bisha and Harena and curtailed open pit mining at Bisha. Only four years of mine life were left in this once proud operation when the dust settled. Continue reading Bye Bye Bisha?

Nevsun Resources: Significantly Undervalued Mining Corporation

Nevsun has had an incredibly difficult time over the past year. Despite this, the company continues to generate significant cash flow while exploring its Timok Project, which has significant growth potential. The project’s indicated resources alone have the potential to provide Nevsun Resources with a more than doubling in annual profits.

BY THE VALUE PORTFOLIO | SEEKING ALPHA

Nevsun Resources (NYSEMKT: NSU) is a mining company with a market cap of $0.7 billion that has had a difficult time recently. However, as we will see throughout this article, strong market fundamentals, along with the company’s impressive distribution of assets and growth potential from its Timok Project, make the company a strong investment at the present time. Continue reading Nevsun Resources: Significantly Undervalued Mining Corporation

Nevsun Resources Appoints New CEO

Nevsun Resources Appoints Peter Kukielski As President and CEO

BY NEVSUN

Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) (Nevsun or the Company) today announced the appointment of Mr. Peter G. Kukielski to the position of President and Chief Executive Officer, effective May 12, 2017. Mr. Kukielski replaces Cliff Davis, who announced his intention to retire earlier this year. Continue reading Nevsun Resources Appoints New CEO

Nevsun Delivers Substantial Resource Growth at Bisha from 2016 Drilling

Nevsun updated its mineral resource estimates for Bisha, Harena and Asheli deposits in Eritrea. Harena Inferred resources now increased by nearly 130%. Bisha district Inferred resources also increased by over 100%. Asheli’s maiden inferred resources outlines modest increase.

BY NEVSUN RESOURCES

Nevsun Resources Ltd. (TSX: NSU) (NYSE MKT: NSU) is pleased to announce the updated mineral resource estimates effective December 31, 2016, for the Bisha, Harena and Asheli deposits in Eritrea. These updated resources form the first part of the annual year end mineral resource and mineral reserve statement for 2016. The updated mineral reserve estimate, currently in-progress, should be released in late May or early June 2017. Continue reading Nevsun Delivers Substantial Resource Growth at Bisha from 2016 Drilling