“Q2 cash costs were managed to expectations helping Nevsun maintain a strong balance sheet despite the drop in metals prices and delivery of a significant capital expansion project,” said president and CEO Cliff Davis.
By Deborah Bacal,
Nevsun Resources (TSE:NSU)(NYSE MKT:NSU) reported Wednesday that its second quarter profit and revenues declined sharply on lower gold volumes and prices, as the company transitions to a majority copper producer, managing to keep costs in line with expectations despite the weaker metals environment and the capital-intensive project underway.
It also announced an increase in its dividend, and said that it expects commercial copper output by the end of this year. Continue reading Nevsun: Commercial Copper Production Expected by Year-End