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UPDATE: Nevsun Gains 3% As Exceeds Production Guidance and Extends Gold Production

Nevsun Resources Ltd. (NSU.TO) announced "strong" production results of 313,000 ounces of gold for 2012 with 46,000 ounces in the quarter ended December 31, 2012. Gold production for 2012 exceeded the top end of the latest guidance.

The company also said that Bisha gold production is again extended and is now anticipated to continue to the end of second quarter 2013, aligning well with the planned commissioning of the copper expansion project.

NSU has gained about 3%, reaching the higher end of day range $4.19-$4.30.

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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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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