| Nevsun Increases Quarterly Dividend by 14% | |
| | |
|
December 15, 2014
Nevsun Increases Quarterly Dividend by 14%
Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT: NSU) (Nevsun or the Company) is pleased to advise that its Board of Directors has declared a quarterly cash dividend of US$0.04 per common share (US$0.16 per common share annually), an increase of 14% from prior quarters. The dividend is payable on January 15, 2015, to shareholders of record as of the close of business on December 31, 2014.
This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.
CEO Cliff Davis stated "This is the fourth time we have increased the dividend rate since commercial production in 2011. Our willingness to increase our dividend even in the current metals' price environment is based on our confidence in the long term profitability of the Bisha Mine."
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is a Vancouver-based mining company with an operating mine in Eritrea. Nevsun's 60%-owned Bisha Mine commenced commercial copper concentrate production in December 2013 and ranks as one of the highest grade open pit copper mines in the world. Nevsun has a strong balance sheet and future cash flows to grow shareholder value through exploration at Bisha and acquisition of additional mining assets.
NEVSUN RESOURCES LTD.
Cliff T. Davis
President & Chief Executive Officer
|
|
|
Nevsun Resources Ltd
|
|
PRODUCER |
CODE : NSU |
|
CUSIP : 64156L |
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Nevsun Res. is a zinc and gold development stage company based in Canada. Nevsun Res. produces zinc, gold, copper and silver in Eritrea and in Ghana, develops gold in Mali, and holds various exploration projects in Mali. Its main assets in production are BISHA in Eritrea and KUBI in Ghana, its main asset in development is TABAKOTO in Mali and its main exploration properties are KENIEBA SUD and SEGALA / DAR SALAM in Mali. Nevsun Res. is listed in Canada and in United States of America. Its market capitalisation is US$ 1.3 billions as of today (€ 1.2 billions). Its stock quote reached its lowest recent point on December 18, 2001 at US$ 0.04, and its highest recent level on November 07, 2003 at US$ 8.18. Nevsun Res. has 301 869 984 shares outstanding. |