BY THE VALUE PORTFOLIO | SEEKING ALPHA Nevsun Resources (NYSEMKT: NSU) is a Canadian mining company headquartered in Vancouver, British Columbia. The company has had a difficult time since the start of the commodity crisis, however, as we will see in this article, Nevsun Resources’ track record, impressive assets, and strong financials, along with the overall […]
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By Frik Els | for Mining.com, Nevsun Resources (TSX:NSU) (NYSE MKT:NSU) announced on Friday that it has sold and shipped the first zinc concentrate product from its 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 […]
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By Nevsun, NEVSUN Resources Ltd. (TSX:NSU / NYSE MKT:NSU) announces its 2015 corporate objectives including copper production and capital allocation guidance for the Company. The Bisha Mine, operated by Nevsun’s sixty percent owned subsidiary Bisha Mining Share Company (BMSC) is one of the highest grade open pit base metal deposits in the world and has […]
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By Seeking Alpha, NEVSUN Resources (NYSEMKT:NSU) is the operator and 60% owner of the Bisha mine, which is one of the highest grade open pit copper mines in the world with copper equivalent grades higher than 4%. With $380 million cash in the bank, zero debt, and operating cash flow estimated between $280+ million for […]
Continue ReadingBy TesfaNews, BISHA Mining Share Company (BMSC) is advancing with its zinc expansion project in Eritrea with a target start-up in Q4 2015. The Bisha Main deposit is a high grade VMS deposit. It is configured in three distinct layered zones – a 35m thick surface gold-silver oxide zone (mined out in mid-2013) immediately overlying […]
Continue ReadingBy Nevsun Resources, BISHA Mining Share Company (BMSC) commence its zinc expansion project in Eritrea with a target start-up in Q4 2015. The Bisha Main deposit is a high grade VMS deposit. It is configured in three distinct layered zones – a 35m thick surface gold-silver oxide zone (mined out in mid-2013) immediately overlying a copper enriched […]
Continue ReadingBy Nevsun, Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) is pleased to announce diamond drill results from an eight hole 2,713 meter in-fill resource definition drilling program completed in 2013 at the Hambok poly-metallic massive sulphide deposit, located 16 kilometers southwest from the Bisha Mining Share Company (BMSC) processing plant.
Continue ReadingBy Matthew Hill, TSX-V- and ASX– quoted Sunridge Gold’s Asmara project in Eritrea has the potential to produce 25,900 t of copper and 61,800 t of zinc yearly, in addition to silver and gold, the company said on Wednesday, announcing the results of a prefeasibility study. At a 10% discount rate, the project has a $555-million […]
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