With almost $600 million in the bank, NSU has cash to back 80% of its share price. And it pays a dividend. And it’s expanding its profitable mine. Investors are taking note: Nevsun has outperformed the S&P/TSX Capped Diversified Metals & Mining Index by 40% since June. The big resource picture is still unclear. No… Continue Reading
A few of the news releases that caught my eye this morning and some additional comments. Nevsun Resources – (NSU:TSX) – Nevsun has provided the market with an update on the zinc expansion project at the Bisha mine in Eritrea. Bisha which is a copper mine at the moment will transition into a zinc mine… Continue Reading
A quiet morning so far on the news front. Just one story I have found interesting to investors this morning so far that being Nevsun Resources. Oil is below $46 off 2.5% this morning as the IEA says that oil supply is building and that the US oil production has yet to see any signs… Continue Reading
Nevsun Resources (NSU.T) is out with fourth quarter results this morning, producing 52.5 million pounds of copper, bringing 2014 production to a total of 196 million pounds. Nevsun has successfully transitioned from a gold producer to a copper miner and has achieved the high end of management’s 2014 guidance of between 180-200 million pounds in the first year of commercial production. Financial… Continue Reading
Update 9:23AM PST: Nevsun is not aware of a bid for the Company Rumors are circulating this morning that the latest takeover in the mining space will be Nevsun Resources (NSU.T). Bloomberg is reporting that QKR Corp, a mining fund backed by Qatari investors, is set to make a $1 billion bid for Nevsun. QKR Corp… Continue Reading
