Nevsun Ships First Zinc Concentrate from Bisha Mine (TSE:NSU)


Nevsun Resources (NSU.TO) said it has sold and shipped the first zinc concentrate product from the Bisha mine in Eritrea. The company is scheduled to load additional shipments in the coming weeks and is ramping up to commercial production which is forecast for Q4 2016. The stock edged up almost 1% at closing on Thursday, moving at the top half of 52-week range $3.27 – $4.81.

About 327,399 shares traded hands. Nevsun Resources (TSE:NSU) has risen 5.17% since February 5, 2016 and is uptrending. It has underperformed by 11.32% the S&P500.

Nevsun Resources Ltd is a Canada-based base metals mining company. The company has a market cap of $1.27 billion. The Firm is engaged in the acquisition, exploration, development and operation of mineral property interests. It has a 36.49 P/E ratio. The Company’s segment is the mining business in Africa.

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