Nevsun Q1 production in line with guidance
TORONTO (miningweekly.com) – Vancouver-based gold miner Nevsun Resources on Tuesday said the 42 000 oz of gold it had produced at its flagship Bisha mine, in Eritrea, was in line with expectations as it was preparing to switch from processing gold-bearing oxides to copper ore by mid year.
The company expected to produce between 80 000 oz and 90 000 oz of gold in the first half of the year.
Waste mined in the quarter totalled 1.92-million tons for a strip ratio of 5.1:1. Despite a two-week mill shutdown for mill re-lining and readying for the copper transition later this year, the company milled 432 000 tons of ore.
The average head grade at the mill was 4.14 g/t and recoveries were at 79%.
The company’s Toronto-listed shares rose 4% to close ay C$3.88 apiece on Tuesday.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation