The Conversation (0)
Mining Weekly reported that Nevsun Resources’ Q3 attributable earnings dropped by 17% year-over-year, mostly due to lower gold sales from its flagship Bisha mine.
Mining Weekly reported that Nevsun Resources’ Q3 attributable earnings dropped by 17% year-over-year, mostly due to lower gold sales from its flagship Bisha mine.
As quoted in the market report:
The company also said a lower realised gold price of $1 681/oz added to its weaker performance. The lower third-quarter production resulted from a lower milled grade and from lower recoveries at 87% for the period. Nevsun said the comparatively lower milled grades and recoveries were expected, based on the ore type for the section of the pit that was processed.
