Tag Archives: Timok Project

Nevsun Takeover Battle Heating Up

Nevsun takeover battle is heating up
Spurred on by the developments in Eritrea and at its flagship Timok Project in Serbia, Nevsun’s takeover battle is heating up that will likely culminate in a sale by year-end. (Photo: Martin Zimmermann)

BY MATT GEIGER | SEEKING ALPHA

Nevsun (NYSEMKT:NSU) has been a standout performer in what has been a disappointing year for the mining industry. This was long overdue for a company that has lagged its base metal peers for much of the past three years. Continue reading Nevsun Takeover Battle Heating Up

Nevsun Delays Timok Schedule, Provides More Capital for Bisha Operations

Nevsun’s short-term challenge. Nevsun announced a strategic update on its capital allocation plans, allotting an additional $24-million to its Eritrea-based Bisha zinc/copper/gold operation by delaying the Serbia-based Timok prefeasibility study (PFS) by two quarters to Q1 2018. It’s shares fell as much as 24.4% after the announcement.

BY HENRY LAZENBY | MINING WEEKLY

Canadian base metals producer Nevsun Resources this week announced a strategic update on its capital allocation plans, allotting extra capital to its Eritrea-based Bisha zinc/copper/gold operation and delaying the timetable to deliver the Serbia-based Timok prefeasibility study (PFS) to the first quarter of 2018.

Previously scheduled for delivery in September, the PFS will now be preceded by an updated preliminary economic assessment in October this year, which will help with risk mitigation, the company advised. Continue reading Nevsun Delays Timok Schedule, Provides More Capital for Bisha Operations

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: On the Road to Recovery?

Nevsun hadn’t traded this low since early 2010. However, Nevsun’s Q1 results were positive and I think the stock may have bottomed. I explain below.

BY GOLD MINIG BULL | SEEKING ALPHA

It certainly hasn’t been a pleasant few months for shareholders of Nevsun Resources (NYSEMKT:NSU). Since my last article in February, shares have only continues to plummet, falling from $2.72 to under $2.40 per share. Between a 75% dividend cut and copper production issues at its Bisha mine, some shareholders have had enough.

It looks like things have begun to turn around for the company following its first-quarter 2017 earnings, however, and I think a bottom could be in. I thought it was a bounce-back quarter for Nevsun and it paves the way for a continued strong performance in 2017, as I’ll point out below. Continue reading Nevsun: On the Road to Recovery?

Nevsun – Buy On Past And Present Performance, Hold For the Future

Nevsun: Debt free mining firm with significant exposure to zinc. – Cash heavy balance sheet will allow management to develop world class copper-gold deposit without typical stress associated with such long lived assets. – Shareholder focused management.

By Massif Capital | for Seeking Alpha,

Debt free mining firm with significant exposure to zinc and the cash necessary to develop a recently acquired world class copper-gold deposit.

It is not often that you find a mining company with a producing mine, a debt-free balance sheet, and positive cash flow. Even more infrequent, a miner that has an existing world class asset in a supply constrained commodity and a world class development property in a European nation. If all of this sounds appealing, then Nevsun Resources (TSX: NSU & NYSE: NSU) will be of some interest. Continue reading Nevsun – Buy On Past And Present Performance, Hold For the Future