NEVSUN Resources Ltd. (TSX:NSU / NYSE MKT:NSU) is pleased to announce exploration drilling results from the Harena Mining License located 10 kilometers south of the Bisha Mine and processing plant. The drilling was completed as part of the 2014 Bisha Regional Exploration program.
In this article, I’ll provide an update on Nevsun Resources (NSU) which is currently transforming itself from a low-cost gold producer into a mid-tier copper producer as its Bisha mine in Eritrea reaches the next development phase. I will give my view on the company’s Q3 financial results and its balance sheet and talk about the outlook for the company. This will result in my investment thesis at the end of this article. Continue reading Nevsun Will Declare Commercial Production Within Six Weeks→
Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) is pleased to report the copper flotation circuit construction is complete at the Company’s Bisha mine in Eritrea.
The copper expansion project was completed on time and will be under budget. The Company also reports that the decision has been made to process the precious metal rich pyrite sands by flotation prior to copper supergene ore flotation. Continue reading Nevsun Completes Copper Expansion Project→
Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) today announces its 2013 outlook for planned gold and copper production from the Bisha mine in Eritrea. The Bisha mine, operated by Nevsun’s 60 percent owned subsidiary Bisha Share Mining Company (BMSC), is one of the highest grade open pit base metal deposits in the world and has a mine life in excess of 12 years.
Cliff Davis, Nevsun CEO commented, “Following a very successful 2012, Nevsun looks forward to starting up a world class copper concentrate production operation and continued expansion of its resources portfolio through generative exploration programs. Nevsun will also continue to actively evaluate potential acquisition opportunities.” Continue reading Nevsun 2013 Outlook and Production Guidance→
Shares of Nevsun Resources Ltd (NYSE: NSU) saw unusually high trading volume on Monday. Approximately 1,289,741 shares changed hands during mid-day trading, an increase of 50.78% from the previous session. The stock last traded at $5.55.
Nevsun Resources Ltd. and its subsidiaries are in the mineral property exploration and development business in Africa. The principal business of the Company is the development of the Bisha Project in Eritrea, located in northeast Africa. The Company conducted drill test in the southwest strike extension of Harena, which displays similar gravity and EM signatures to Harena. Continue reading Nevsun Resources Ltd (NYSE: NSU) Posts Large Volume Increase, Hits $5.55→