Friday, August 11, 2017

Nevsun Resources Ltd. - NSU.t

Nevsun Resources Ltd. - NSU.t operates the flagship Bisha Mine in Eritrea, East Africa. The Bisha deposit is a large, high-grade volcanogenic massive sulphide (VMS) producing Gold, Silver, Copper and Zinc.

Total reserves are about 22mt giving an expected mine life into 2025.

On August 9, 2017 the company released News

Nevsun Resources loses $70.2-million (U.S.) in Q2 2017
Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT: NSU) (Nevsun or the Company) today announced its financial results for Q2 2017 and key strategic and capital allocation updates to its core assets, the high-grade Timok Upper Zone copper-gold project in Serbia and the cash producing Bisha mine in Eritrea.