Nevsun Resources Reports 53 Million Pounds of Copper Produced in 2014

Nevsun Resources (TSX:NSU,NYSE MKT:NSU) reported producing 53 million pounds of copper at its Bisha mine in Eritrea in 2014. Those results are near the top end of the company’s production guidance for the year.

As quoted in the press release, highlights for the year included:

• Exceeded 21.6 million hours without a lost time injury (now over 3 years without an LTI)
• Produced 196 million pounds of copper in concentrate against guidance of 180 to 200 million pounds
• Ended 2014 with a cash balance of $442 million
• Executed a successful 27,300 metre exploration program
• Progressing zinc expansion – on time and on budget

Nevsun CEO. Cliff Davis, said:

We are very pleased to have delivered on our 2014 guidance. The entire operating team at Bisha managed the transition to copper very well and they have delivered an incredible first year of commercial copper production. It was critical to ensure we maximized the high-grade phase of the supergene ore in 2014. With a solid year of operating experience in the copper phase under our belts, we are poised for a strong 2015. We were very pleased to see higher mining and milling rates milling during Q4 2014 which give confidence throughput rates can increase when feed grades gradually decline.

Click here to read the Nevsun Resources (TSX:NSU,NYSE,MKT:NSU) press release