Tag Archives: Nevsun Shares

Zijin Mining Succeeds Acquiring Nevsun

Nevsun to be acquired for $1.4bln by Chinese Zijin Mining
Zijin Acquires 276,820,575 Shares of Nevsun, representing approximately 89.37% of the total issued and outstanding Nevsun Shares on a fully diluted basis.

BY NEVSUN

Nevsun Resources Ltd. (TSX: NSU) (NYSE AMERICAN: NSU) (“Nevsun”) and Zijin Mining Group Co. Ltd.(SH:601899, SEHK:2899) (“Zijin”) announces that Zijin has been successful in its offer to purchase all of the issued and outstanding Nevsun common shares for C$6.00 per share (the “Offer”). Continue reading Zijin Mining Succeeds Acquiring Nevsun

Nevsun Ships First Zinc Concentrate from Bisha

Nevsun Resources Ltd. announces that it has sold and shipped its first 10,000 tonne zinc concentrate product from the Bisha mine in Eritrea loaded at the Port of Massawa and sailed on September 7, 2016.

By Nevsun,

… as of September 8, 2016

Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) (the “Company” or “Nevsun”) announces that it has sold and shipped the first zinc concentrate product from the Bisha mine in Eritrea.

The ten thousand tonne lot was loaded at the Port of Massawa and sailed on September 7, 2016. The concentrate was sold on the spot market, attracting multiple offers and highly competitive treatment charges. Continue reading Nevsun Ships First Zinc Concentrate from Bisha

Nevsun Resources Ltd Shares are Up 15%

Traders are showing a strong appetite for Nevsun Resources Ltd (NSU) stock as it has outperformed the S&P 500 by a wide margin of 6.36% in the past 4 weeks and continues its bullish performance, both in the near-term and the medium-term, as the stock is up [update: 15%] in the last 1 week.
By Anne Marriot,

Traders are bullish on Nevsun Resources Ltd (NSU) as it has outperformed the S&P 500 by a wide margin of 6.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 13.39%, relative to the S&P 500.

The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 15% in the last 1 week, and is up 9.93% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. Continue reading Nevsun Resources Ltd Shares are Up 15%

Nevsun Resources (January 2016 Update)

By Matt Geiger | for Seeking Alpha,

Nevsun was the Partnership’s featured investment in January 2015. The company remains one of the lowest risk base metal plays available, despite the painful share performance over the trailing 6 months. I met with management in mid-November and remain very positive on this story. We have lowered our average cost per share from $3.55 USD to $3.07 USD since I last wrote about the name.

Over the past 6 months, the company has reported the following milestones of note: (1) positive cash flow in Q3 despite the plunging copper price, (2) continued distribution of NSU’s $0.04 quarterly dividend, and (3) the best results at Harena to date. Continue reading Nevsun Resources (January 2016 Update)