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UPDATE: Nevsun Announces Q1 2013 Bisha Operating Results; Shares Up Nearly 2%

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Nevsun Resources Ltd. (NSU.TO) announced gold production results of 42,000 ounces for the quarter ending March 31, 2013, which is in line with previous guidance of 80,000 to 90,000 ounces of gold for the first half of 2013.

Waste mined in the quarter was 1,925,000 tonnes for a strip ratio of 5.1 to 1 by volume. The 432,000 tonnes milled was inclusive of a planned two-week mill shut-down for mill re-lining and readying for the copper transition later this year.

NSU was up nearly 2% to $3.80, with 52-week range of $2.71 - $4.96.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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