| Nevsun Response to Media Speculation | |
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November 20, 2014
Nevsun Response to Media Speculation
Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) (Nevsun or the Company) receives in the normal course of business enquiries regarding corporate mergers and acquisitions. Nevsun has recently received from various parties expressions of interest on a potential corporate transaction. We take these enquiries seriously however any discussions are at a preliminary stage and there is no certainty that any transaction will be completed. Management is not aware of a bid for the Company. Nevsun does not intend to comment further on potential corporate transactions unless and until it deems further disclosure is appropriate or required by applicable law.
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
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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. |