Nevsun Resources 1.7% Higher Today after Saying Eritrea Sanctions Unlikely to Hurt Firm
Nevsun Resources Ltd. (NSU.TO,NSU) is ahead 10 cents at $6.05 a share after reassuring investors that the United Nations Security Council's move yesterday expanding sanctions against Eritrea will have no direct impact on the company or its Bisha gold, copper and zinc exploration operations.
The Bisha Mine is expected to produce more than 1.14 million ounces of gold, 11.9 million ounces of silver, 821 million pounds of copper, and 1.3 billion pounds of zinc during its initially estimated 13-year mine life, according to the company's website.
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