Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) is pleased to provide an update on the Bisha Zinc Expansion Project and monetizing precious metal stockpiles, two key objectives for 2016.
Cliff Davis, Nevsun CEO commented, “With the zinc plant nearly complete, strong demand for products and increasing gold, silver and copper prices since December 31, 2015, we expect higher than budgeted cash flows throughout 2016”.
Cliff Davis continued, “The recent precious metal stockpile sales confirm the marketability of the material at more favourable commercial terms than originally expected. In addition, with the likely prioritization of shipping the precious metal stockpile material, I am not expecting the first sale of zinc concentrate until late Q3 or early Q4 2016.” Continue reading Zinc Plant Expansion and Precious Metal Stockpile Sales Update→
Nevsun Resources Ltd. (TSX:NSU / NYSE MKT:NSU) is pleased to advise that the Bisha Mine zinc expansion project (the “Project”) is on schedule and well under budget. The Project is on-track for ore commissioning in mid-Q2 2016 (May – June) and commercial production later in 2016. Continue reading Nevsun: Bisha Zinc Project 90% Complete→