• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    copper investing

    Nevsun Reports Strong Results at Bisha Project in Eritrea

    Scott Tibballs
    May. 01, 2018 10:22AM PST
    Base Metals Investing

    Nevsun Resources has reported its financial results for the three months ended March 31, 2018, highlighting strong operation performance at the Bisha copper-zinc mine in Eritrea.

    Nevsun Resources (TSX:NSU) has reported its financial results for the three months ended March 31, 2018, highlighting strong operation performance at the Bisha copper-zinc mine in Eritrea.

    As highlighted in the press release:

    Q1 2018 Highlights

    • Produced 71.6 million pounds of zinc and 8.9 million pounds of copper at Bisha (Eritrea)

    • Sold 53.4 million pounds of payable zinc in concentrate and 7.8 million pounds of payable copper in concentrate

    • Costs below guidance with C1 cash costs of US$0.58 per payable pound of zinc sold on a by-product basis

    • Improved both zinc and copper recoveries at Bisha:

      • Zinc recovery improved by 8.5 percent to 81.1 percent

      • Copper recovery improved by 34.1 percent to 61.5 percent

    • Strong operating performance resulted in cash balance increasing from US$125 million to US$150 million during the quarter

    • Released the results of the Timok (Serbia) pre-feasibility study

    • Received the Timok exploration decline permit; all approvals now in place to begin construction in Q2 2018

    • Completed all drilling related to the US$20 million Timok Lower Zone work program which highlighted the deposit’s potentially significant scale and impressive grades; resource statement to be released in mid 2018

    • Discovered high sulfidation epithermal mineralization approximately 500 metres to the east of the Upper Zone

    Click here to view the full Nevsun Resources (TSX:NSU) press release.

    pre feasibility studycopper investingfinancial resultstsx:nsu
    The Conversation (0)

    Go Deeper

    AI Powered
    NevGold (TSXV:NAU)

    NevGold

    Forsys Reports Updated Mineral Resource Estimate for its Norasa Project in Namibia

    Forsys Reports Updated Mineral Resource Estimate for its Norasa Project in Namibia

    Latest News

    Blackstone Minerals Investment Mankayan Project Update

    ACG Amends Terms of Gediktepe Royalty Agreement to Support Transition from Gold to Copper Production

    Prismo Metals Announces Results of Shareholder Meeting and Security Based Compensation Grants

    Brixton Metals Drills 15m of 2.26 g/t Gold at the Trapper Gold Target

    FPX Nickel Signs Exploration Agreement with Takla Nation for Klow Property

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    African Discovery Group

    AFDG

    Copper Quest Exploration

    CQX:CC

    Empire Metals

    EPMLF

    Corazon Mining

    CZN:AU

    Blackstone Minerals

    BSX:AU

    Osisko Metals: Pure Potential

    OM:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES