Tag Archives: Precious Metal

Delayed Commissioning of Zinc Phase Has Good Reason: Nevsun

nevsun zinc plant
There will be a one-month delay in the hot commissioning of the zinc phase. The zinc expansion remains on schedule and still under budget. Reason is, Nevsun got a pretty good deal for its precious metals stockpile and selling these stockpile will increase the cash position by $40-60 million this year.

By Seeking Alpha,

Copper and zinc haven’t really been popular in the market lately, but I was still curious about how Nevsun Resources (NYSEMKT:NSU) was doing, as this copper producer in Eritrea is converting itself to be a zinc producer from next year on.

The company has now released an update on its zinc expansion plans, and even though there seems to be a one-month delay, I will explain why this is not a bad thing.    Continue reading Delayed Commissioning of Zinc Phase Has Good Reason: Nevsun