R/€ = 15.73 Change: 0.00
R/$ = 13.84 Change: 0.00
Au 1281.42 $/oz Change: -12.44
Pt 794.99 $/oz Change: -8.87


Nevsun appoints industry veteran Kukielski as president, CEO

By: Henry Lazenby     9th May 2017 Base metals producer Nevsun Resources has appointed 30-year mining veteran Peter Kukielski as its new president and CEO, effective May 12, to replace outgoing Cliff Davis, who announced his intention to retire earlier this year. Most recently, Kukielski was employed as the CEO of Anemka Resources... 

Nevsun exploration continues Harena expansion beyond current resource, finds new regional targets

By: Henry Lazenby     4th April 2017 An ongoing exploration campaign by Eritrea-focused base metals miner Nevsun Resources has extended the current Harena satellite deposit by 150 m beyond the current resource estimate. “The new drilling demonstrates that the already sizeable Harena resource extends 150 m beyond its currently... 

Nevsun finds more mineralisation at Eritrea-based Bisha, satellite deposits

By: Henry Lazenby     23rd March 2017 Canadian base metals producer Nevsun Resources has found more mineralisation at its flagship Bisha mine and satellite deposits in Eritrea, on the Horn of Africa. Drilling undertaken in 2016 has increased the inferred resource at the Harena deposit by nearly 130% to 25-million tonnes grading 0.93%... 

New Year heralds several senior management employments

By: Henry Lazenby     4th January 2017 Early 2017 corporate activity saw a slew of senior management appointments being made by miners. TSX- and NYSE-listed Tahoe Resources has appointed former Goldcorp president and CEO Chuck Jeannes to the board effective January 1. 

Nevsun sells, ships first zinc concentrate from Bisha

By: Henry Lazenby     9th September 2016 Canadian base metals producer Nevsun Resources has sold and shipped the first 10 000 t of zinc concentrate from its flagship Bisha mine, in Eritrea. The shipment was loaded at the Port of Massawa and sailed on September 7, after being sold on the spot market, attracting multiple offers and highly... 

Nevsun starts ore commissioning of combined copper/zinc plant

By: Henry Lazenby     7th June 2016 TSX- and NYSE MKT-listed Nevsun Resources, which operates the Bisha mine, in Eritrea, has on Monday started ore commissioning of the combined copper and zinc plant, with commercial production of the expanded operation slated before end-September. The Vancouver-headquartered company advised that... 

Nevsun, Reservoir merge to create new midtier base metals company

By: Samantha Herbst     25th April 2016 Dual-listed base metals miner Nevsun Resources has agreed to acquire TSX-listed Reservoir Minerals for about $365-million to create a new, diversified midtier base metals mining company. 

Nevsun profit falls 40% despite beating Q1 production, cost guidance

By: Henry Lazenby     21st April 2016 Eritrea-focused Canadian miner Nevsun Resources has reported a 40% decline in net income attributable to shareholders for the three months ended March 31, as metal output at its flagship Bisha mine declined and the realised copper price fell 12% year-over-year. Net income attributable to Nevsun... 

Nevsun lowers 2015 guidance

By: Natasha Odendaal     31st July 2015 TSX- and NYSE-listed Nevsun Resources on Friday revised its 2015 production guidance downwards to 140-million to 150-million pounds of copper owing to unplanned plant stoppages during the first half of the year. Output from the Vancouver-headquartered firm’s Bisha mine, in Eritrea, had been hit... 

Nevsun stock climbs on news of massive sulphide discovery

By: Henry Lazenby     18th June 2015 Canadian base metals producer Nevsun Resources has made a new volcanogenic massive sulphide (VMS) discovery at the grassroots Asheli prospect, on the Mogoraib River Exploration Licence, only 20 km south-west of the existing Bisha processing plant, in Eritrea. The TSX-listed miner’s stock gained... 

Internal audit under way at Nevsun as report alleges forced Eritrean labour

By: Henry Lazenby     17th June 2015 A United Nations (UN) report has implicated Canadian base metals producer Nevsun Mining in using forced labour at its high-grade Bisha copper mine, even as an internal company audit was under way. TSX- and NYSE-listed Nevsun on Wednesday said it was awaiting the results of a follow-up audit on... 

Nevsun makes progress with Eritrean zinc expansion 

By: Henry Lazenby     22nd April 2015 Canadian miner Nevsun Resources is on track to start commissioning the new zinc plant currently under construction at its flagship Bisha operation, in Eritrea, by mid-2016. The Vancouver-based firm on Wednesday reported that overall construction progress stood at 60%, with foundations and civil... 

Nevsun hikes FY14 earnings

By: Natasha Odendaal     27th February 2015 TSX- and NYSE-listed Nevsun Resources posted earnings a share of $0.47 for the 2014 financial year, a rise on the $0.06 reported in the prior period. As the Vancouver-based mining company reported a substantial rise in revenue from $155-million in the 2013 financial year to $555-million in the... 

Bisha, Harena resources increased – Nevsun

3rd February 2015 The measured and indicated resources of TSX-listed Nevsun’s Bisha and Harena deposits, in Eritrea, have increased to 1.2-billion pounds of copper, 3.4-billion pounds of zinc, 750 000 oz of gold and 42-million ounces of silver, following the completion of a 2014 drilling programme. The Bisha... 

Nevsun expects lower copper output in 2015

22nd January 2015 The Bisha Mining Share Company (BMSC), which is 60% owned by TSX-listed miner Nevsun, is expected to produce between 160-million and 175-million pounds of copper in concentrate this year. This was lower than the 196-million pounds of copper in concentrate the company produced in 2014 against... 

Nevsun’s Eritrean mine delivers at top end of 2014 production guidance

By: Natalie Greve     13th January 2015 Delivering at the top end of its 2014 production guidance, Toronto- and New York-listed Nevsun Resources has declared output of 88 900 t of copper-in-concentrate for the year ended December 31, benefiting from solid output in the third and fourth quarters of the year. The Vancouver-based mining... 

Nevsun reports full power restored at Eritrea ops, lifts dividend

By: Henry Lazenby     15th December 2014 Horn of Africa-focused copper miner Nevsun Resources on Monday reported that a third-party power solutions provider has fixed and restored the electricity supply to the Bisha plant, in Eritrea. Nevsun last week reported that power supply issues had forced a temporary halt in concentrate... 

Nevsun denies Bisha human rights allegations in lawsuit

By: Creamer Media Reporter      21st November 2014 A lawsuit has been filed against Vancouver-based mining company Nevsun Resources in the British Columbia Supreme Court by three individuals who claim to have once worked with a local subcontractor at the Bisha mine, in Eritrea, on the Horn of Africa. The TSX-listed company said on Friday that the... 

Nevsun lifts Q3 copper output

By: Natalie Greve     31st October 2014 Dual-listed Nevsun Resources has posted a 19% quarter-on quarter increase in copper production, delivering 56.4-million pounds of the yellow metal in the quarter ended September 30. Cash costs at the group’s Bisha mine, in Eritrea, remained relatively flat, at $1.05/lb, while the company realised... 

Nevsun lifts Eritrea resources 29%

By: Henry Lazenby     18th February 2014 TSX- and NYSE-listed Nevsun Resources, which is focused on extracting copper from its 60%-owned high-grade Bisha copper mine, in Eritrea, on Tuesday announced a 29% rise in the total indicated mineral resources, last estimated on May 31, 2012. The resource estimate was boosted by the maiden... 

Nevsun’s 2014 outlook firmly focused on high-grade, low-cost copper production

By: Henry Lazenby     29th January 2014 Following its successful transition in 2013 from producing gold to copper, Eritrea-focused miner Nevsun Resources on Wednesday announced that it was looking forward to its first full year of copper production at its flagship Bisha mine. The Vancouver-based miner said its 60%-owned subsidiary... 

Nevsun tops 2013 production guidance

By: Henry Lazenby     10th January 2014 TSX- and NYSE-listed Nevsun Resources this week reported copper output in the second half of 2013 came in at the top end of its guidance, after the copper expansion project at its Bisha mine, in Eritrea, was completed on time and under budget. The Vancouver-based firm on Thursday said... 

Nevsun declares commercial copper production from Eritrea flagship

By: Henry Lazenby     3rd December 2013 TSX- and NYSE-listed Nevsun Resources on Monday announced that it had reached commercial production for the copper expansion at its Bisha mine, in Eritrea, after it had successfully commissioned its flotation plant. The Vancouver-based firm said that since commissioning started early in the... 

Nevsun reports first copper output from Eritrean mine

By: Henry Lazenby     10th October 2013 TSX- and NYSE-listed miner Nevsun Resources, which operates the Bisha gold/copper mine in Eritrea, on Thursday reported maiden copper output of 12-million pounds in concentrate for the third quarter ended September 30. Gold production had slowed from the start of the year as the company readied... 

Nevsun gold output slows in line with expectations, waste stripping behind

By: Henry Lazenby     9th July 2013 Vancouver-based miner Nevsun Resources has reported declining gold output at its Bisha mine, in Eritrea, in line with expectations, as the company readied itself to transition to being a copper producer. Gold production for the quarter ended June 30 totalled 34 900 oz, 17% less than the 42 000 oz... 

Nevsun beats 2012 guidance, mid-year transition to copper on track

By: Henry Lazenby     23rd January 2013 Eritrea-focused miner Nevsun Resources beat its upwards-revised gold production guidance of 300 000 oz for 2012 at 313 000 oz, which was mainly attributable to processing higher grades. During the fourth quarter ended December 31, Nevsun produced 46 000 oz of gold and said it expected to... 

Now Nevsun to 'vigorously' fight class action suits

By: Matthew Hill     23rd March 2012 It has become a recurring theme in the North American gold sector this quarter: report operational setbacks, announce large impairments as a result, and wait for the class action law firms to swoop. Nevsun Resources, which mines gold in Eritrea, is the latest company having to fight off... 


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