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VANCOUVER, British Columbia (AP) _ Nevsun Resources Ltd. (NSU) on Thursday reported second-quarter net income of $9.4 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 5 cents.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The mining company posted revenue of $104.2 million in the period.
In the final minutes of trading on Thursday, the company's shares hit $3.43. A year ago, they were trading at $3.78.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NSU at http://www.zacks.com/ap/NSU
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Keywords: Nevsun Resources, Earnings Report
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Nevsun Resources Ltd
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PRODUCER |
CODE : NSU |
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CUSIP : 64156L |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Nevsun Res. is a zinc and gold development stage company based in Canada. Nevsun Res. produces zinc, gold, copper and silver in Eritrea and in Ghana, develops gold in Mali, and holds various exploration projects in Mali. Its main assets in production are BISHA in Eritrea and KUBI in Ghana, its main asset in development is TABAKOTO in Mali and its main exploration properties are KENIEBA SUD and SEGALA / DAR SALAM in Mali. Nevsun Res. is listed in Canada and in United States of America. Its market capitalisation is US$ 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. |