New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 24, 2012
06:33 EDTNSUNevsun Resources reports increased base metals reserves
Nevsun Resources announced new increased base metal Canadian National Instrument 43-101 compliant mineral resources and reserves estimates at its 60%-owned Bisha Mine in Eritrea. Expressed as contained metal, the copper reserves estimate is 6% higher and the zinc reserves estimate is 38% higher as of May 31 compared with the previous reserves estimate effective date January 1, 2011. Management will hold a conference call on Tuesday, July 24 to discuss the results. Total mineral reserves estimate consists of 26.5M tonnes with the oxide portions grading 5.79 gram per tonne, or g/t, gold for a total of 167,000 troy ounces of gold, the supergene portions grading 4.09% copper for a total of 579 million pounds of copper, and the primary portions grading 1.09% copper and 6.33% zinc for a total of 462M pounds of copper and 2,680 million pounds of zinc respectively. A tabulation of total mineral resources and mineral reserves by classification is appended at the end of this news release.
News For NSU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 22, 2015
07:54 EDTNSUNevsun Resources povides zinc expansion project update
Nevsun Resources provided an update on the Bisha zinc expansion project which will average over 100K tons of zinc and 24K tonnes of copper per year for 10 years after start up in mid-2016. Overall, the project is nearly 60% complete with zinc plant commissioning on-schedule for mid-2016. The forecast for completion costs is $92M, with $63M committed and $31M spent. There have been no lost time injury or environmental incidents since the project commenced. The zinc expansion project adds zinc flotation capacity to the Bisha processing plant, enabling the production of two products: zinc and copper concentrate.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use