Tag Archives: Valuation and Settlement of interest between Nevsun and Eritrea

Nevsun Resources Q3 net Profit Increases by 50% to US$ 89.2 million

With its Bisha mine in Eritrea now operating at full capacity, Nevsun announced its best results yet for the third quarter and has begun work on copper processing facilities.

The third quarter financial and operating results for Nevsun Resources tells: A Gold production of 110,000 ounces; Revenue of $185 million; an average price per ounce sold at $1,715; Cash cost of $264 per ounce and Cash increment to $227 million

By Kip Keen,

The full scope of Nevsun Resources’ (TSX: NSU) remarkable third quarter (Q3) became clearer as the Eritrea-focused miner reported its full third quarter financial and production results, pushing the envelope on cash costs, gold grade and profits. Continue reading Nevsun Resources Q3 net Profit Increases by 50% to US$ 89.2 million