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Author Topic: NSU - Nevsun Resources, Ltd. - AMEX  (Read 5628 times)
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« on: January 26, 2009, 10:23:44 PM »


Daily Chart:  http://stockcharts.com/h-sc/ui?s=nsu&p=D&b=5&g=0&id=p11530901891

Weekly Chart:  http://stockcharts.com/h-sc/ui?s=NSU&p=W&b=5&g=0&id=p25145471003

News:  http://finance.yahoo.com/q/h?s=NSU+Headlines

Business Summary:  Nevsun Resources Ltd., a gold and base metal developer, together with its subsidiaries, engages in the exploration, development, extraction, processing, and reclamation of mineral properties in Africa. It produces gold, copper, silver, and zinc concentrates. The company’s principal mineral property includes Bisha Mine, a gold, copper, and zinc deposit, which is located in Eritrea, northeast Africa. It holds a mining and exploration license of 92 square kilometers in the Bisha Mine. The company was founded in 1965 and is headquartered in Vancouver, Canada.
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« Reply #1 on: March 25, 2010, 11:00:09 PM »

2009 Annual Financial Results

March 25, 2010

Nevsun Resources Ltd. (TSX:NSU / NYSE Amex:NSU) is pleased to announce its recent financial position and its annual results for 2009. All amounts are expressed in United States dollars.

The Company’s cash position at the end of March 2010 is approximately $118 million.

For the year ended December 31, 2009 the Company has reported a loss of $5.5 million. The results compare to 2008 when the Company reported a loss of $5.7 million, including $2.0 million of income from discontinued operations.

Included in the Company’s MD&A are management’s report on the Company’s Bisha Project construction progress, as well as economics and cash flows for the project. The project is now over 50% complete and commissioning is expected to commence in late 2010. Photographs of the construction progress can be found at www.nevsun.com/properties/photo_gallery.

Complete details of the 2009 financial statements and management's discussion and analysis can be found on the Nevsun website at www.nevsun.com as well as on Sedar at www.sedar.com.

http://www.kincommunications.com/clients/nevsunresources/pressreleases/march252010/
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« Reply #2 on: August 12, 2010, 11:29:36 AM »

Bisha Mine Reaches 70% Completion & Q4 Commissioning on Track

August 12, 2010

Nevsun Resources Ltd. (TSX:NSU / NYSE Amex:NSU) is pleased to provide a brief update on the Bisha project and the second quarter results.

The Bisha Project is positioned to be Eritrea's first modern day mine, with production anticipated to yield 1.06M oz gold, 734M lb copper, 1B lb zinc and 9.4M oz silver. Gold will be produced at an operating cost of less than $250/oz, with copper operating costs ranging from $0.54-$0.67/lb, and zinc operating costs at $0.50/lb. Bisha benefits from the continued support of the Eritrean government.

Mine construction continues as scheduled and as at the date of this release the Bisha project is now over 70% complete. During the course of Q2 2010, the following was achieved:

Completion of the majority of structural steel, plate work and mechanical elements of the project;

Installation of the Ball and SAG mills;

Installation of the liner in the tailings management facility commenced; and

Pre-strip mining continued per plan.

Cost expenditures over the quarter were incurred as planned and the project remains on track to come within the targeted $260 million total cost. As at June 30, 2010, approximately $168 million had been spent and a further $32 million had been ordered or arranged.

The Company is working effectively towards the following targets for remainder of 2010:

Q3

Completion of plant electrical and piping installation; and

Installation of the electrical power plant.

Q4

Commencement of ore extraction and stockpiling;

Completion of the tailings management facility;

Plant commissioning; and

First gold pour.

http://kincommunications.com/clients/nevsunresources/pressreleases/august122010/
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« Reply #3 on: October 25, 2010, 01:00:35 PM »

Nevsun Begins Plant Commissioning

October 25, 2010

VANCOUVER, BRITISH COLUMBIA -- Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) is pleased to confirm it has met its target to commence plant commissioning at the Bisha Mine during Q4. This significant milestone brings the Company one step closer to commercial production.

The power plant has been commissioned and is delivering power for the commissioning process. This process includes in depth testing of equipment and stress testing the plant before introducing ore. The Company intends to introduce low-grade ore in the coming month.

Bisha is on track for commercial gold production in Q1 2011. The current mine plan aims to produce 450,000 ounces of gold in the first year of commercial production at a cost of less than $250 per ounce.

http://www.nevsun.com/news/2010/october25/
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« Reply #4 on: January 04, 2011, 10:17:49 AM »

Milestone-First Gold Pour at Bisha

January 04, 2011

VANCOUVER, BRITISH COLUMBIA -- Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) is pleased to announce its successful first gold pour at the Bisha Gold Mine during late December. The first pour was part of the plant commissioning process and rendered two dore bars totaling 26 kilograms (approx. 920 ounces).

President Cliff Davis stated, "Nevsun's first gold pour is a tremendous achievement that has been accomplished by a team of outstanding professionals on the ground in Eritrea and with the continued support of the Eritrean Government. It gives me great pleasure to say we are on time, under budget, and will considerably further the country's development with the realization of Eritrea's first modern day mine. In the face of difficult capital markets during 2008/2009 and other obstacles overcome in 2010, we are proud of this significant accomplishment. We look forward to substantially growing Bisha in the coming months, in terms of reserves and throughput. This success should be a good indicator of our strategic capability in the future."

Over the next few months, plant commissioning will continue to test, troubleshoot, and rectify any issues that arise. Nevsun anticipates the ramp up to full commercial production during the course of Q1 2011.

http://www.nevsun.com/news/2011/january04/
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« Reply #5 on: November 21, 2011, 11:44:13 AM »

Nevsun Increases Semi-Annual Dividend

November 21, 2011

Nevsun Resources Ltd. (TSX:NSU / NYSE Amex:NSU) is pleased to announce an increased semi-annual cash dividend to US$0.05 per common share (US$0.10 per common share annually).  The dividend is payable on January 15, 2012 to shareholders of record as of the close of business on December 31, 2011. This is the Company’s second dividend after declaring its first dividend in May 2011. This revised dividend represents approximately 5% of cash from operating activities for the past two quarters for 2011.
 
"We are focused on generating cash flow from operations and expanding reserves at Bisha, while reviewing growth opportunities for Nevsun.  With $227 million cash at quarter end and significant ongoing cash flow, Nevsun is well positioned to fund growth and provide a dividend return to our shareholders.” said Cliff Davis, CEO.  He went on to comment, “Today’s increased dividend further differentiates Nevsun from its peer group and demonstrates our confidence in future cash flow.”

The mine poured its first gold in December last year, and Nevsun is busy expanding the operation in a $90-million to $100-million project set for completion in the first half of 2013. That will allow the mine to produce copper, in addition to the gold, silver and zinc.

http://kincommunications.com/clients/nevsunresources/pressreleases/november212011/
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« Reply #6 on: November 22, 2011, 10:37:21 AM »

Do you like this one?
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« Reply #7 on: November 22, 2011, 12:16:24 PM »

Do you like this one?

I think it is good for a longer term play... For trading, I prefer the ones in the $2-3 share price range such as EGI, GPL, PZG, VGZ... LBSV has been a good play the past few weeks but is now oversold and a possible sell for me... In the Pinkies, I occasionally play PCFG for some excitement... It has dropped big recently and is setting up as a pincher play... It may be a bounce play shortly...
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« Reply #8 on: January 10, 2012, 12:31:11 PM »

Nevsun's Fourth Quarter Operating Highlights

January 10, 2012

HIGHLIGHTS
•101,000 ounces produced in Q4
•379,000 ounces produced year-to-date
•Cash balance US $347 million

Nevsun Resources Ltd. is pleased to announce strong production results of 101,000 ounces of gold for the quarter ending December 31, 2011. Year-to-date, the Bisha Mine in Eritrea has produced 379,000 ounces of gold, including 35,000 ounces during the commissioning phase early in 2011. Cash increased to US $347 million at December 31, 2011.

http://kincommunications.com/clients/nevsunresources/pressreleases/january102012/
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« Reply #9 on: February 07, 2012, 12:55:08 PM »

This stock is dropping big time today based on the 2012 estimated production numbers just released... Huge gap down, could be a nice bounce play...

http://stockcharts.com/h-sc/ui?s=nsu&p=D&b=5&g=0&id=p11530901891


Nevsun 2012 Outlook Including Production Guidance

Nevsun Resources Ltd. today announces its 2012 outlook for planned gold production of 190,000 to 210,000 ounces from the Bisha mine in Eritrea. The Bisha mine is one of the highest grade open pit base metal deposits in the world and has a mine life in excess of 12 years.

Production for 2011 was 379,000 ounces.

http://kincommunications.com/clients/nevsunresources/pressreleases/february072012/
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« Reply #10 on: March 21, 2012, 08:57:25 PM »

Nevsun 2011 Annual Financial Results

March 21, 2012

2011 HIGHLIGHTS

•Achieved commercial gold production February 22, 2011
•Gold production of 379,000 ounces
•Earnings per share of $0.74
•Cash cost of $295 per ounce
•Declared inaugural dividend, and then increased to $0.05 per share semi-annually
•Ended year with $347 million in consolidated cash

Annual 2011 Operating Results

 In 2011 the Company recorded $548 million in revenues for the year on sales of 369,900 ounces of gold for an average realized price $1,620 per ounce.  With 379,000 ounces produced, gold production averaged approximately 1,000 ounces per day with an average cash cost per ounce sold of $295.  Since the Bisha Mine commenced operations in 2011, there are no comparative operating results for 2010.

The Company had after-tax income of $250 million for the year (2010 - loss $17 million), which translated to $0.74 earnings per share (2010 - $(0.07)). The Company increased its cash and cash equivalents by $297 million to $347 million (2010 - $50 million). Cash from operating activities for the year was $366 million (2010 - used $6 million).

http://kincommunications.com/clients/nevsunresources/pressreleases/march212012/
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« Reply #11 on: March 21, 2013, 09:18:56 AM »


Nevsun 2012 Annual Results

March 20, 2013

Nevsun Resources Ltd. is pleased to report its financial and operating results for the year ended December 31, 2012. Unless otherwise noted, with the exception of earnings per share and cash cost per ounce figures, all results are in thousands of US dollars.

This release should be read in conjunction with Nevsun Resources Ltd.''s (Nevsun or the Company) consolidated financial statements for the years ended December 31, 2012 and 2011 and associated Management Discussion and Analysis (MD&A), which are available on the Company''s website at www.nevsun.com/investors/financials and on SEDAR (www.sedar.com) and EDGAR (www.sec.gov).

Full year 2012 highlights

Operated safely and well below the industry average LTI rate with no fatalities
Produced 313,000 ounces of gold in 2012, exceeding the top end of guidance
Revenues of $566 million, with average realized gold price per ounce of $1,671
Cash cost of $312 per ounce of gold sold, inclusive of royalties
Generated $194 million in cash flow from operations
Earnings of $0.73 per share attributable to Nevsun shareholders
Increased mineral resource and reserve estimates from 2011/2012 drilling

During the year, the Company invested $64 million in the copper phase expansion and a further $24 million between sustaining capital for the gold facilities and exploration and evaluation expenditures. The Company paid $20 million in dividends, completed a $6.3 million share repurchase program, and paid in excess of $200 million of income taxes relating to 2011 and installments for 2012. Despite these expenditures, we maintained an exceedingly strong balance sheet through 2012, ending the year with almost $400 million in cash and no debt.

http://finance.yahoo.com/news/nevsun-2012-annual-results-210500222.html
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« Reply #12 on: April 09, 2013, 02:39:58 PM »


Nevsun Announces Q1 2013 Bisha Operating Results

April 9, 2013

Nevsun Resources Ltd. is pleased to announce gold production results of 42,000 ounces for the quarter ending March 31, 2013, which is in line with previous guidance of 80,000 to 90,000 ounces of gold for the first half of 2013.

Waste mined in the quarter was 1,925,000 tonnes for a strip ratio of 5.1 to 1 by volume. The 432,000 tonnes milled was inclusive of a planned two-week mill shut-down for mill re-lining and readying for the copper transition later this year. The copper phase transition continues on plan, for plant commissioning mid this year.


Q1 2013 Operating Highlights

Gold production - 42,000 ounces, in line with guidance
Ore mined - 475,000 tonnes
Waste mined - 1,925,000 tonnes
Milled - 432,000 tonnes at 4.14 g/t gold and 79% recovery

http://finance.yahoo.com/news/nevsun-announces-q1-2013-bisha-115000326.html
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« Reply #13 on: July 31, 2013, 11:51:14 AM »


Nevsun Announces Q2 2013 Results Release Date

July 31, 2013

Nevsun Resources Ltd. plans to release its second quarter 2013 financial results on Wednesday August 7, 2013, pre-market open. The Company also plans to hold a conference call on Thursday, August 8 at 8AM Vancouver / 11AM Toronto, New York / 4PM London, to discuss the quarterly results.

http://finance.yahoo.com/news/nevsun-announces-q2-2013-results-115000442.html
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« Reply #14 on: August 07, 2013, 02:16:29 PM »


Nevsun Announces Second Quarter 2013 Results

August 7, 2013

Nevsun Resources Ltd. is pleased to report its financial and operating results for the second quarter of 2013. Unless otherwise noted, with the exception of earnings per share and cash cost per ounce figures, all results are in thousands of US dollars.

This release should be read in conjunction with Nevsun Resources Ltd.'s (Nevsun or the Company) condensed consolidated interim financial statements for the six months ended June 30, 2013, and associated Management Discussion and Analysis (MD&A), which are available on the Company's website at www.nevsun.com/investors/financials, on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov).

Second quarter 2013 highlights
•Produced 34,900 ounces of gold
•Revenues of $54.8 million on 36,200 ounces gold
•Cash cost of $692 per ounce of gold sold(1)
•Net income attributable to Nevsun shareholders was $5.3 million, $0.03 per share
•Copper flotation plant completed on time and under budget
•Commenced copper plant commissioning with pyrite sand
•Maintained strong balance sheet with approximately $384 million in working capital
•Announced 40% increase of semi-annual dividend to $0.07 per share
•Safety milestone reached - 12 million man hours without a lost time injury

http://finance.yahoo.com/news/nevsun-announces-second-quarter-2013-115000375.html
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