Nevsun Resources Ltd. (TSX:NSU / NYSE Amex:NSU) is pleased to report its financial and operating results for the second quarter of 2013. Unless otherwise noted, with the exception of earnings per share and cash cost per ounce figures, all results are in thousands of US dollars.
This release should be read in conjunction with Nevsun Resources Ltd.’s (Nevsun or the Company) condensed consolidated interim financial statements for the six months ended June 30, 2013, and associated Management Discussion and Analysis (MD&A), which are available on the Company’s website , on SEDAR and on EDGAR . Continue reading Nevsun Post $54m in Revenue for Second Quarter→
Last year marked the second year of production at Nevsun Resources (NSU-T, NSU-N) 60%-owned Bisha mine in Eritrea and already its balance sheet is the envy of many companies in the industry.
Nevsun ended 2012 with US$396 million in cash and no debt after posting record revenues of US$566 million and cash costs of US$312 per oz. gold sold, inclusive of royalties. Cash flow from operations at Bisha reached US$194 million and the company handed out US$20 million in dividends. Continue reading Nevsun Resources and its Heaps of Cash→
Nevsun Resources Ltd. (TSX:NSU / NYSE MKT:NSU) today provides details on 2013 exploration plans on Eritrean properties.
Cliff Davis, Nevsun CEO commented, “A fresh review of the exploration potential for our mining and exploration licenses has been completed recently. This has highlighted a large number of high quality untested targets both in the immediate Bisha Mine area and on our surrounding properties. We have formulated a strategy to assess this excellent potential and will begin testing these targets immediately. These are exciting prospects.” Continue reading Nevsun Expands on 2013 Exploration Plans at Bisha→
Michael Hopley, President and CEO of Sunridge Gold (CVE:SGC) explains that the company, with money in the bank for the feasibility study, has a lot of copper and precious metals on the project and now hopes to be in production earlier than initially indicated. Michael also says that investors should look to exploration results next year.
Sunridge Gold announces the engagement of Endeavour Financial International Corporation (“Endeavour”) on an exclusive basis to provide financial advisory services with respect to its debt financing requirements for the development of the Asmara Project, Eritrea.
The feasibility study at Debarwa copper-gold-zinc deposit is now substantially past the halfway point of completion and the prefeasibility study on the Asmara North copper-zinc-gold projects is also well advanced. The Company is therefore now at a point of making some fundamental decisions about how these projects should proceed towards mining. Endeavour’s technical and financial advice on these different development options at this stage will be important to Sunridge. Continue reading Sunridge Gold Engages Financial Advisory Firm ‘Endeavour’→