Nevsun Resources raises FY13 gold production view to 110K ounces

theflyonthewall.com

Revises FY13 copper production view to 30M-50M pounds. Nevsun Resources reports the copper flotation circuit construction is complete at the company's Bisha mine in Eritrea. The copper expansion project was completed on time and will be under budget. The company also reports that the decision has been made to process the precious metal rich pyrite sands by flotation prior to copper supergene ore flotation. "The successful completion on time and under budget of the new copper flotation plant, clearly demonstrates our ability to deliver capital projects, even in the face of the current capital cost challenge our industry faces", stated Cliff Davis, president and CEO of Nevsun. "This additional pyrite sand material and the additional $100M revenue proves once again that Bisha is a tremendous deposit."

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