|Bid||5.99 x 0|
|Ask||6.00 x 0|
|Day's Range||5.99 - 5.99|
|52 Week Range||5.99 - 5.99|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
VANCOUVER AND FUJIAN, China , Jan. 11, 2019 /PRNewswire/ - Nevsun Resources Ltd . (TSX: NSU) (NYSE AMERICAN: NSU) ("Nevsun") and Zijin Mining Group Co. Ltd. (SH:601899, SEHK:2899) ("Zijin") ...
Zijin thanks all the shareholders who have tendered their Nevsun Shares for their continued support of the Offer. As a result of the take up and upon payment of all of the Additional Shares, and the 276,820,575 Nevsun Shares taken-up on December 28, 2018 , Zijin will own approximately 92.44% of the total issued and outstanding shares of Nevsun.
The majority of shareholders of Nevsun Resources Ltd (NSU.TO) have agreed to the Take-Over Bid by Zijin Mining Co Ltd. whereby each share of Nevsun Resources will receive a CAD$6.00 cash consideration. Following the Tender Period, Nevsun Resources shares will be removed from all S&P/TSX indices where the stock is a constituent prior to the open of trading on Tuesday, January 15, 2019 . S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®.
HONG KONG, Jan 2 (Reuters) - Chinese gold miner Zijin Mining Group Co Ltd said it plans to sell up to 8 billion yuan ($1.16 billion) worth of new shares in Shanghai to help fund its purchase of Canada's ...
VANCOUVER , Dec. 31, 2018 /PRNewswire/ - With the acquisition of Nevsun Resources Ltd . (TSX: NSU) (NYSE AMERICAN: NSU) ("Nevsun") by Zijin Mining Group Co. Ltd., Nevsun announces the following ...
The number of Nevsun common shares (the "Nevsun Shares") tendered as at the deadline of 5:00pm (Eastern Standard Time) on December 28, 2018 totals an aggregate of 276,820,575 Nevsun Shares (the "Deposited Shares"), representing approximately 89.37% of the total issued and outstanding Nevsun Shares on a fully diluted basis. Zijin, through its subsidiary, has taken up all of the Deposited Shares and will pay the depositary the aggregate consideration of $1,660,923,450 for the Deposited Shares within three business days. Chen Jinghe, Chairman of Zijin, comments, "We are very pleased to have acquired Nevsun and will continue with the company's strong focus on safe, efficient and sustainable mining practices.
The Offer expires at 5:00 p.m. (Toronto time) on December 28, 2018 (the "Expiry Time"). The Board of Directors of Nevsun continues to recommend that Nevsun shareholders ACCEPT the Offer by tendering their shares in accordance with the following instructions. Registered Nevsun shareholders who wish to accept the Offer must properly complete and execute the Letter of Transmittal (printed on pink paper) accompanying the Zijin takeover bid circular, and deposit it, together with certificate(s) or DRS Statement(s) representing their Nevsun shares at or prior to the Expiry Time at the office of Computershare Trust Company of Canada at 100 University Avenue, Toronto, Ontario, M5J 2Y1, as further described in the Letter of Transmittal.
Nevsun Announces Completion of Chinese and Canadian Regulatory Conditions for Zijin Offer
As previously disclosed, Zijin's Offer for Nevsun is all cash consideration of C$6.00 per Nevsun share representing a premium of 57% over Nevsun's unaffected closing price of C$3.82 on May 7, 2018 , the day Lundin Mining Corporation ("Lundin") first publicly announced its intention to acquire Nevsun. In addition, the Zijin Offer is C$1.25 per Nevsun share, or 26%, more than the C$4.75 per share hostile take-over bid for Nevsun launched by Lundin on July 26, 2018 .
Mineral and metal producer Nevsun Resources Ltd. (NSU) is trading around $4.42 per share as of Oct. 29, having gained 86% over the previous 52 weeks. The stock has a market capitalization of approximately $1.35 billion. Warning! GuruFocus has detected 4 Warning Signs with NSU.
The Vancouver, British Columbia-based company said it had a loss of 6 cents per share. The mining company posted revenue of $71.6 million in the period. In the final minutes of trading on Thursday, the ...
VANCOUVER , Oct. 25, 2018 /PRNewswire/ - Nevsun Resources Ltd . (TSX:NSU) (NYSE AMERICAN:NSU) ("Nevsun" or "the Company") is pleased to report its financial results for the three and ...
VANCOUVER , Oct. 24, 2018 /PRNewswire/ - Nevsun Resources Ltd . (TSX:NSU) (NYSE AMERICAN: NSU) ("Nevsun" or the "Company") today announced that it has been advised by Zijin Mining Group ...
A rebound in mining mergers and acquisitions is set to continue into 2019, led by companies from top metals consumer China, as a dearth of exploration spending leaves the industry in need of fresh investment, delegates told a conference on Thursday. Sector M&A in mining powerhouse Canada had its best quarter in more than seven years in July-September, spurred by Barrick Gold Corp's planned $6.5 billion acquisition of Randgold and Chinese firm Zijin Mining's C$1.86 billion ($1.43 billion) deal to buy Nevsun Resources . "We think that this year and next year will be the years of consolidation," Keith Spence, president of Canada-based Global Mining Capital Corp, told the China Mining conference in Tianjin.
* Zijin Mining Group Co Ltd, one of China's biggest gold miners, will produce around 37 tonnes of the precious metal in 2018, its chairman said on Thursday. * The company's gold output will be flat or a little lower than last year, Zijin Chairman Chen Jinghe told Reuters on the sidelines of a conference in Tianjin. * Zijin is "paying attention" to Tanzania but "not yet negotiating", he said, after Reuters reported earlier this year that it would set up a joint venture with Acacia Mining, a unit of Barrick Gold, to develop Tanzanian gold mines.