|Bid||3.53 x 1000|
|Ask||3.60 x 1000|
|Day's Range||3.54 - 3.62|
|52 Week Range||1.96 - 3.86|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.25|
Nevsun Resources Ltd said on Tuesday rival Lundin Mining Corp's most recent offer to buy the base metals miner ignores the "fundamental value" of the company and its assets. Nevsun's Chief Executive Officer Peter Kukielski said in a statement that Lundin's notional takeover offer represents only a 13 percent premium to Nevsun's closing trading price on Monday. Nevsun's shares had closed at C$4.21 on Monday.
Nevsun advises shareholders that no formal offer has yet been made, and recommends that shareholders take no action in response to Lundin's announcement. Said Peter Kukielski, Nevsun's President & Chief Executive Officer: "This latest announcement from Lundin continues to ignore the fundamental value of Nevsun and its assets.
Nevsun advises shareholders that no formal offer has yet been made, and recommends that shareholders take no action in response to Lundin's announcement. Said Peter Kukielski , Nevsun's President & Chief Executive Officer: "This latest announcement from Lundin continues to ignore the fundamental value of Nevsun and its assets.
Canada's Lundin Mining Corp said on Monday it plans to make an offer to buy base metals company Nevsun Resources Ltd for about C$1.4 billion ($1.07 billion), its second proposal in three months. Lundin offered C$4.75 per share, a premium of 12.8 percent to Nevsun's closing price of C$4.21 on Monday. Cash-rich Lundin has been eyeing Nevsun's large high-grade Timok copper project in Serbia and its Bisha copper and zinc mine in Eritrea, in a partnership with Euro Sun Mining Inc .
Lundin Mining Corp.’s effort to acquire Nevsun Resources Ltd. went hostile with a plan to make a C$1.4 billion ($1.1 billion) all-cash offer for the owner of the prized Timok copper-gold deposit in Serbia after its previous attempts were spurned. Lundin said Monday in a statement it will offer C$4.75 a share, representing a premium of about 13 percent to Monday’s closing price. The Toronto-based miner controlled by Swedish-Canadian billionaire Lukas Lundin intends to commence a formal takeover bid around July 27, it said.
VANCOUVER , July 5, 2018 /PRNewswire/ - Nevsun Resources Ltd. (TSX: NSU) (NYSE AMERICAN: NSU) ("Nevsun" or the "Company") announces the release of its 2017 Corporate Social Responsibility ...
NEW YORK, July 02, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Greenbrier ...
1.7 Billion Inferred Tonnes Grading 0.86% Copper and 0.18g/t Gold Containing 31.5 Billion Pounds of Copper and 9.6 Million Ounces of Gold VANCOUVER , June 26, 2018 /PRNewswire/ - Nevsun Resources Ltd. ...
VANCOUVER , June 25, 2018 /PRNewswire/ - Nevsun Resources Ltd. (TSX: NSU) (NYSE AMERICAN: NSU) plans to release its second quarter 2018 financial and operating results on Thursday, July 26, 2018 , after ...
Losses were broad based as eight out of nine sectors finished the trading session in red. WallStEquities.com has initiated research reports on the following Industrial Metals & Minerals stocks: Hi-Crush Partners L.P. (NYSE: HCLP), Klondex Mines Ltd (NYSE AMER: KLDX), Nevsun Resources Ltd (NYSE AMER: NSU), and Northern Dynasty Minerals Ltd (NYSE AMER: NAK).
VANCOUVER , June 14, 2018 /PRNewswire/ - Nevsun Resources Ltd. (TSX: NSU) (NYSE AMERICAN: NSU) ("Nevsun" or the "Company") announced today that, together with its Eritrean partner ENAMCO, ...
Nevsun Resources, a Canadian miner which has been approached regarding a takeover, should enter "good-faith negotiations with any suitor," Adrian Day Asset Management, one of Nevsun's top 10 shareholders, said in an open letter to the company's board on Wednesday. The firm owns 3.1 million shares of Nevsun, making it the seventh-biggest shareholder based on public filings, Day said. Lundin has been keen for years to acquire the Timok copper deposit in Serbia, which Nevsun owns.
VANCOUVER , June 5, 2018 /CNW/ - Nevsun Resources Ltd. (NSU.TO) (NYSE AMERICAN: NSU) ("Nevsun" or the "Company") is pleased to announce that a ground breaking ceremony took place yesterday at the Timok Upper Zone (Cukaru Peki) project in Bor, Serbia, commemorating the start of construction of the exploration decline. Serbia's Minister of Mining and Energy, Aleksandar Antić, said, "The Ministry of Mining and Energy confirms its continued support to Nevsun and the Cukaru Peki project.
On Friday, May 18, 2018, the NASDAQ Composite and the S&P 500 edged 0.38% and 0.26% higher, respectively at the closing bell, while the Dow Jones Industrial Average ended flat. Taking into consideration last Friday's market sentiment, WallStEquities.com assessed the following Industrial Metals & Minerals equities this morning: Alliance Resource Partners L.P. (NASDAQ: ARLP), BHP Billiton PLC (NYSE: BBL), Great Panther Silver Ltd (NYSE AMER: GPL), and Nevsun Resources Ltd (NYSE AMER: NSU).
VANCOUVER/TORONTO, May 17 (Reuters) - The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset. Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources Ltd is designed to bag the Timok project in Serbia, but it had to bring on a partner to pick up Nevsun's Bisha mine in Eritrea. Lundin Mining's biggest shareholder is a private investment company owned by a Lundin family trust, with a near 13-percent stake, Thomson Reuters data shows.
VANCOUVER , May 11, 2018 /CNW/ - Nevsun Resources Ltd. (NSU.TO) (NYSE AMERICAN: NSU) ("Nevsun" or the "Company") today announced that the Timok Upper Zone National Instrument 43-101 pre-feasibility study ("PFS") technical report has been filed and is available for review under the Company's profile on SEDAR at www.sedar.com, on EDGAR at www.sec.gov and on the Company's website at www.nevsun.com. The Company announced receipt of the exploration decline permit in February and construction will commence in early June. The above contains forward-looking statements or forward-looking information within the meaning of the United States Private Securities Litigation Reform Act of 1995, and applicable Canadian securities laws.
LONDON, UK / ACCESSWIRE / May 10, 2018 / If you want access to our free research report on Nevsun Resources Ltd. (NYSE: NSU) ("Nevsun"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NSU as the Company's latest news hit the wire. On May 08, 2018, the Company declared that its Board of Directors has unanimously rejected a non-binding unsolicited proposal by Euro Sun Mining Inc. and Lundin Mining Corp. This non-binding unsolicited proposal was dated April 30, 2018, and was made public by Euro Sun and Lundin on May 07, 2018. Active-Investors.com is currently working on the research report for Freeport-McMoRan Inc. (NYSE: FCX), which also belongs to the Basic Materials sector as the Company Nevsun Resources.
The head of Nevsun Resources Ltd. said other companies besides Lundin Mining Corp. have expressed interest in acquiring the miner, though it’s not formally for sale. Peter Kukielski, chief executive officer of Vancouver-based Nevsun, said the company has attracted a lot of interest from potential buyers since the prefeasibility study on its Timok copper and gold project in Serbia was completed. “One thing we’ve made consistently clear to everybody is that we will evaluate all offers but you have to come in through the front door and buy the whole company,” Kukielski said in a telephone interview.
Shares in Nevsun Resources leaped on Tuesday even as it said its board of directors had unanimously rejected an unsolicited C$1.5 billion ($1.16 billion) takeover proposal from Lundin Mining Corp and Euro Sun Mining as too low with a "problematic structure". Copper-zinc miner Nevsun said in a statement the offer was rejected after several months of engagement with fellow Canadian base metals miner Lundin on a possible deal. Lundin's shares fell 3.5 percent to C$7.94 and Euro Sun's were down 1.4 percent at C$1.35.