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Author Topic: NSU - Nevsun Resources, Ltd. - AMEX  (Read 5629 times)
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Vegas
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« Reply #15 on: November 08, 2013, 10:39:55 AM »


Nevsun Announces Third Quarter 2013 Results

November 7, 2013

Nevsun Resources Ltd. is pleased to report its financial and operating results for the third quarter of 2013. Unless otherwise noted, with the exception of earnings per share, 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 three and nine months ended September 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).

Third quarter 2013 highlights
• Bisha exceeded 13.5 million man hours without a lost time injury
• Highly successful gold phase virtually completed with 13,300 ounces produced from decommissioning
• Commenced full commissioning of copper plant
• Achieved first copper production with 12 million pounds of copper produced
• Completed first ocean shipments of copper concentrate
• Generated revenues of $25.8 million on gold sales of 17,800 ounces
• Maintained strong balance sheet with approximately $340 million in working capital
• Expecting commercial production before year end

Recent developments
Full commissioning of the Bisha copper expansion project commenced in mid-July with the introduction of copper ore into the flotation circuit.  The plant produced 12 million pounds of copper in concentrate during Q3 commissioning activity and two ocean shipments totalling 22,000 wet metric tonnes of concentrate were made in October.  Bisha is now in the process of ramping up to commercial production, which is expected before the end of the year.

Cliff Davis , President and CEO of Nevsun commented, "The commencement of shipments of copper concentrate is a credit to our operating team at the Bisha Mine who have managed the transition from gold producer to copper producer whilst maintaining their exemplary safety record. We very much look forward to moving the operation back into commercial production and to a very profitable 2014.

With significant future cash flow and an already strong balance sheet, Nevsun is strategically positioned for growth. Nevsun will apply the same strict financial protocols to grow as it has through the successful development and operation of Bisha."

Financial review
Details of revenue breakdown for gold and silver, operating expenses, depreciation and depletion, and other expenses are discussed in the Company’s third quarter 2013 MD&A.

Working capital at September 30, 2013, including cash and cash equivalents, was $339,214.  The Company’s cash and cash equivalents at September 30, 2013, of $290,211, was down from $396,404 as the Company spent approximately $100,000 on property plant and equipment and exploration, $16,750 on assistance to ENAMCO and a further $23,000 on financing activities, including $23,880 on dividends. These cash outflows were offset by cash provided by operations.  Details of sources and uses of cash are presented in the third quarter financial statements and discussed in the MD&A.

http://finance.yahoo.com/news/nevsun-announces-third-quarter-2013-220500289.html
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« Reply #16 on: January 09, 2014, 03:18:52 PM »

Nevsun Achieves Top End Of 2013 Production Guidance

January 9, 2014

Nevsun Resources Ltd. is pleased to announce strong production results of 48 million pounds of copper in the second half of 2013 with 36 million pounds produced in the fourth quarter ended December 31. Total gold production for 2013 was 92,000 ounces in dore and 20,000 equivalent ounces in precious metals concentrate. The copper plant continues to ramp up with December annualised production of 190 million pounds of copper, recovery of 84% and copper concentrate grade of 32%.

2013 HIGHLIGHTS
•Exceeded 15 million hours without a lost time injury
•Completed the copper expansion project on-time and under budget
•Achieved commercial production of copper plant on schedule
•Produced 48 million pounds of copper in concentrate against guidance of 30 to 50 million pounds
•Produced 92,000 ounces of gold in dore plus 20,000 equivalent ounces in precious metals concentrate

Q4 2013 HIGHLIGHTS
•Processed 401,000 tonnes of ore at a grade of 5.1% copper
•Produced 36 million pounds of copper in copper concentrate
•Shipped 32 million pounds of copper in copper concentrate
•Achieved 80% metallurgical recovery of contained copper, with 84% in December
•Annualised December production of 190 million pounds of copper at 32% copper in concentrate

http://www.kitco.com/pr/frame/index_prec.html?http://www.kincommunications.com/nevsun-achieves-top-end-2013-production-guidance/
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« Reply #17 on: April 08, 2014, 03:02:04 PM »


Nevsun To Report Q1 Operational And Financial Results May 6, 2014

April 8, 2014

Nevsun Resources Ltd. or the Company) is pleased to announce it will report both financial and operational results on May 6, 2014, after market with a conference call to follow on Wednesday, May 7, 2014, at 8AM Vancouver / 11AM Toronto, New York / 4PM London.

http://www.kincommunications.com/nevsun-report-q1-operational-financial-results-may-6-2014/
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« Reply #18 on: October 31, 2014, 10:57:54 AM »


Nevsun Generates Strong Earnings And Cash Flow for Q3 2014

October 31, 2014

 Nevsun Resources Ltd. is pleased to report its financial and operating results for the three and nine months ended September 30, 2014.  Unless otherwise noted, with the exception of earnings per share and realized copper price and cost per pound figures, all financial results are in millions of US dollars.

Third quarter 2014 highlights
•Earnings per share of $0.13
•Cash generated from operating activities of $84 million
•Working capital of $519 million, including $380 million of cash and $113 million in current receivables
•Produced 56.4 million pounds of copper in the quarter (19% increase over Q2)
•Achieved industry lowest quartile C1 cash costs of $1.07 per pound
•Announced successful drilling results confirming a VMS district in and around Bisha
•Zinc plant expansion on track for 2016 start-up
•Achieved a safety milestone of over three years without a lost time injury
•Paid peer leading annualized dividend of $0.14 per share (approximately 29% of earnings)

“The team has delivered another highly profitable quarter.” stated Cliff Davis, President and CEO of Nevsun. “Nevsun earned $44.6 million during Q3 2014 ($25.5 million attributable to Nevsun shareholders) or $0.13 per share.  These results leave the Company in an even stronger position to execute its growth objectives.”

http://www.kincommunications.com/nevsun-generates-strong-earnings-cash-flow-q3-2014/
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« Reply #19 on: March 10, 2016, 01:02:45 PM »

Nevsun Declares First Quarterly Dividend of 2016

March 10, 2016     

Vancouver, BC – Nevsun Resources Ltd. (TSX:NSU / NYSE MKT:NSU) (Nevsun) is pleased to advise that its Board of Directors has declared its regular quarterly cash dividend of US$0.04 per common share (US$0.16 per common share annually). The dividend is payable on April 15, 2016 to shareholders of record as of the close of business on March 31, 2016.

http://kincommunications.com/nevsun-declares-first-quarterly-dividend-2016/

http://www.nevsun.com/news/2016/march10/
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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