| Nevsun (NSU) Shuts Down Processing Plant at Bisha Mine - Analyst Blog | |
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Nevsun Resources Ltd. NSU has announced that the processing plant at the Bisha Mine has been temporarily shut down due to a mechanical issue with the ball mill. The company believes that the closedown, which may take about two weeks to resolve, will not negatively affect its 2015 annual production guidance.
During the period of shutdown, the mine plans to catch up on waste mining and speed up other preventative maintenance that was scheduled for later in 2015. Nevsun also provided some operational update. The company stated that the mining rates have improved and that too ahead of schedule in both waste and ore mining. Until the temporary shutdown, copper production was ahead of plan. The mill processed more than 365,000 tons of ore with copper feed grades through the end of Feb 2015.
Further, the company updated that the Zinc Expansion project remains on track and so does commissioning for mid-2016. The company announced that civil work is nearing completion for most areas and steel work erection has commenced. Moreover, major equipment and long-lead time items have been ordered.
The company planned to speed up gearbox maintenance for the ball mill during its inspection as a crack was observed in output shaft bearing. The planned ball mill reline is scheduled for the second quarter of 2015.
Nevsun Resources currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the mining industry include NovaCopper Inc. NCQ, Coeur Mining, Inc. CDE and Energy Fuels Inc. UUUU. While NovaCopper sports a Zacks Rank #1 (Strong Buy), Coeur Mining and Energy Fuels hold a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NEVSUN RESOURCS (NSU): Free Stock Analysis Report COEUR MINING (CDE): Free Stock Analysis Report NOVACOPPER INC (NCQ): Get Free Report ENERGY FUELS (UUUU): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Coeur d'Alene Mines Corporation
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PRODUCER |
CODE : CDE |
ISIN : US1921085049 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Coeur d'Alène is a silver and gold producing company based in United states of america. Coeur d'Alène produces silver, gold, copper, lead and zinc in Argentina, in Australia, in Bolivia, in Mexico and in USA, develops gold and silver in Argentina and in Bolivia, and holds various exploration projects in Mexico. Its main assets in production are ROCHESTER MINE - NEVADA PACKARD in USA, ENDEAVOR and BROKEN HILL in Australia, PALMAREJO in Mexico, MARTHA MINE in Argentina and SAN BARTOLOME in Bolivia, its main assets in development are ROCHESTER and KENSINGTON in Bolivia and JOAQUIN in Argentina and its main exploration properties are KENSINGTON/JUALIN in Argentina, LAKE VICTORIA GOLD BELT in Tanzania and EL REALITO, GUADALUPE and LA PATRIA in Mexico. Coeur d'Alène is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 699.1 millions as of today (€ 612.4 millions). Its stock quote reached its highest recent level on November 21, 1997 at US$ 99.38, and its lowest recent point on January 22, 2016 at US$ 1.62. Coeur d'Alène has 185 442 526 shares outstanding. |