NSU.TO - Nevsun Resources Ltd.

Toronto - Toronto Delayed Price. Currency in CAD
5.81
-0.01 (-0.17%)
At close: 4:00PM EDT
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Previous Close5.82
Open5.82
Bid5.77 x 0
Ask5.82 x 0
Day's Range5.79 - 5.82
52 Week Range2.50 - 5.85
Volume1,820,685
Avg. Volume1,682,946
Market Cap1.758B
Beta1.17
PE Ratio (TTM)N/A
EPS (TTM)-0.10
Earnings DateApr 21, 2017 - Apr 24, 2017
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-12-28
1y Target Est4.19
  • PR Newswire4 days ago

    Nevsun and Zijin Mining File and Mail Circulars for Take-Over Bid

    The Nevsun directors' circular, among other things, includes a unanimous recommendation from the Nevsun Board of Directors that Nevsun shareholders should tender their shares to the Zijin Offer. The filing and mailing of the Zijin take-over bid circular formally commences the take-over bid and sets an expiry date for the bid of December 28, 2018 unless the Offer is accelerated, extended, or withdrawn. The cash consideration of C$6.00 per share represents 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.

  • CNW Group4 days ago

    Nevsun and Zijin Mining File and Mail Circulars for Take-Over Bid

    The Nevsun directors' circular, among other things, includes a unanimous recommendation from the Nevsun Board of Directors that Nevsun shareholders should tender their shares to the Zijin Offer. The filing and mailing of the Zijin take-over bid circular formally commences the take-over bid and sets an expiry date for the bid of December 28, 2018 unless the Offer is accelerated, extended, or withdrawn. The cash consideration of C$6.00 per share represents 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.

  • Reuters5 days ago

    Lundin Mining has hefty M&A appetite for copper, says incoming CEO

    Canada's Lundin Mining Corp is on the hunt for copper mines and projects and willing to spend up to $3 billion on mergers and acquisitions, its incoming chief executive officer said in an interview on Thursday. The base metal miner was recently outbid by China's Zijin Mining Group in its hostile takeover offer for Nevsun Resources.

  • Reuters5 days ago

    Teck's copper project attracts interest before end-Sept deadline - sources

    LONDON/TORONTO, Sept 13 (Reuters) - Mining companies and commodities trading houses are expected to table first-round offers by a September 28 deadline for a stake in Teck Resources Ltd's Quebrada Blanca copper mine expansion in northern Chile, two sources with knowledge of the matter said. Canada's Teck has said a development partner could contribute $2 billion for a 30 percent to 40 percent stake in the $4.8 billion Phase 2 project, an investment deal it expects to close in the fourth quarter. Demand for copper is also rising due to the expansion of electricity grids and growing electric vehicles market.

  • Reuters12 days ago

    Danakali banks on new investor mood to fund Eritrean mine

    Fertiliser miner Danakali (DNK.AX) (DNK.L) aims to raise $322 million this year to develop giant potash reserves in Eritrea, industry sources say, banking on Asmara's warmer ties with Ethiopia to help lure investors. Another miner working in the area, Altus Strategies (ALS.L), has seen an upturn in investor interest in Eritrea and Ethiopia, while mining lawyers cite increased appetite for projects in the Horn of Africa neighbours that fought a war in 1998-2000. Danakali, which has worked in Eritrea since 2009, finalised a deal to sell its potash and also listed in London in July, barely a month after Ethiopia under its new Prime Minister Abiy Ahmed launched a rapprochement with Eritrea to end decades of hostility.

  • Reuters12 days ago

    Danakali banks on new investor mood to fund Eritrean mine

    Fertiliser miner Danakali aims to raise $322 million this year to develop giant potash reserves in Eritrea, industry sources say, banking on Asmara's warmer ties with Ethiopia to help lure investors. Another miner working in the area, Altus Strategies, has seen an upturn in investor interest in Eritrea and Ethiopia, while mining lawyers cite increased appetite for projects in the Horn of Africa neighbours that fought a war in 1998-2000.

  • Reuters12 days ago

    Lundin Mining says no plan to amend hostile Nevsun bid

    Canada's Lundin Mining Corp said on Thursday it does not plan to revise its hostile bid for fellow base-metal miner Nevsun Resources Ltd after it was trumped by a C$1.86 billion ($1.42 billion) offer from China's Zijin Mining Group Co Ltd. Lundin made five informal proposals and took a C$1.4 billion bid made directly to shareholders in July, all of which were rejected as inadequate by Nevsun. Lundin, whose bid expires on Nov. 9, said on Thursday that it does not plan to amend any of the terms in its offer.

  • Nevsun Resources to Be Acquired by Zijin Mining for $1.41 Billion
    GuruFocus.com12 days ago

    Nevsun Resources to Be Acquired by Zijin Mining for $1.41 Billion

    Nevsun Resources Ltd. (NSU) soared 17.91% to $4.41 per share on the New York Stock Exchange on Wednesday, on the heels of the agreement reached with Zijin Mining Group Co. Ltd. (601899.SS) for the sale to the Chinese metal producer of its ordinary stock in an all-cash deal. The parties agreed that one share of Nevsun Resources is valued at $6 Canadian dollars ($4.60 U.S.), which represents a 57% premium to the unaffected closing price as of May 7, 2018, for a total consideration of approximately $1.41 billion. Warning! GuruFocus has detected 5 Warning Signs with NSU.

  • Shares of Nevsun Resources Surge on Buyout Offer
    Motley Fool13 days ago

    Shares of Nevsun Resources Surge on Buyout Offer

    Shares are up 17%, right up to the buyout offer price.

  • Reuters13 days ago

    China's Zijin Mining to buy Canada's Nevsun for about $1.41 bln

    China's Zijin Mining Group Co will buy Canadian gold and copper miner Nevsun Resources Ltd for about C$1.86 billion ($1.41 billion), the companies said on Wednesday, after Nevsun rejecting multiple bids from rival Lundin Mining Corp. Zijin Mining, which specialises in gold, copper and zinc, will offer C$6.00 per share in cash for Nevsun, the companies said, representing a premium of about 21 percent to Nevsun's close in Toronto on Tuesday. Lundin took its all-cash offer of C$4.75 per share directly to Nevsun shareholders on July 26, after its five previous proposals were rejected by the company.

  • Nevsun Finds a White Knight in Zijin With $1.41 Billion Deal
    Bloomberg14 days ago

    Nevsun Finds a White Knight in Zijin With $1.41 Billion Deal

    Zijin Mining Group Co. agreed to buy Nevsun Resources Ltd. for $1.41 billion to add copper assets in Serbia and Eritrea and enable the Canadian firm to ward off a hostile bid from rival Lundin Mining Corp. Nevsun rejected repeated overtures from Lundin this year, saying that its offers undervalued the company and its assets. “We think this is a very good offer from Zijin and Nevsun is very supportive of it," Nevsun Chief Executive Officer Peter Kukielski said in an interview.

  • Reuters14 days ago

    Canada's Nevsun agrees for $1.41 bln takeover by China's Zijin Mining

    Nevsun Resources Ltd said on Wednesday it entered into an agreement pursuant to which China's Zijin Mining Group Co Ltd will make an offer valued at C$1.86 billion for the Canadian miner. Zijin Mining ...

  • PR Newswire14 days ago

    Friendly All-Cash Agreement for Nevsun to be Acquired by Zijin Mining for US$1.41 billion

    The Offer is valued at C$1.86 billion (US$1.41 billion). The cash consideration of C$6.00 per share represents 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.

  • CNW Group14 days ago

    Friendly All-Cash Agreement for Nevsun to be Acquired by Zijin Mining for US$1.41 billion

    The Offer is valued at C$1.86 billion ( US$1.41 billion ). The cash consideration of C$6.00 per share represents 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.

  • Reuterslast month

    Nevsun asks shareholders to reject Lundin's hostile bid

    Canadian miner Nevsun Resources Ltd on Thursday urged its shareholders to reject a hostile C$1.4 billion ($1.07 billion) offer from rival Lundin Mining Corp, and said the board was evaluating other potential alternatives. Lundin took its all-cash offer of C$4.75 per share directly to Nevsun shareholders on July 26, after its five previous proposals were rejected by the company. Vancouver-based Nevsun said on Thursday it has entered into confidentiality agreements with 18 interested parties, and has received four proposals from mining and smelting companies, indicating their willingness to purchase up to a 19.9 percent equity interest in Nevsun.

  • PR Newswirelast month

    Nevsun's Board of Directors Rejects Lundin Mining's Hostile Bid; Offer Does Not Recognize the Value of Nevsun's Assets; Company to Proceed with Full Strategic Review

    Nevsun's Board recommends that shareholders REJECT the Hostile Bid and DO NOT TENDER YOUR SHARES VANCOUVER , Aug. 9, 2018 /PRNewswire/ - Nevsun Resources Ltd . (TSX: NSU) (NYSE AMERICAN: NSU) ("Nevsun" ...

  • CNW Grouplast month

    Nevsun's Board of Directors Rejects Lundin Mining's Hostile Bid; Offer Does Not Recognize the Value of Nevsun's Assets; Company to Proceed with Full Strategic Review

    Nevsun's Board of Directors Rejects Lundin Mining's Hostile Bid; Offer Does Not Recognize the Value of Nevsun's Assets; Company to Proceed with Full Strategic Review

  • CNW Grouplast month

    Nevsun Files Technical Report for the Timok Lower Zone Deposit

    VANCOUVER , Aug. 7, 2018 /CNW/ - Nevsun Resources Ltd. (NSU.TO) (NYSE AMERICAN: NSU) ("Nevsun" or the "Company") today announced that it has filed the National Instrument 43-101 Technical Report – Timok Copper-Gold Project, Serbia: Upper Zone Prefeasibility Study and Resource Estimate for the Lower Zone 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 Timok Lower Zone deposit, a joint venture with Freeport-McMoRan Exploration Corporation ("Freeport"), is a porphyry copper deposit with inferred mineral resources of approximately 1.7 billion tonnes, grading 0.86% copper and 0.18g/t gold containing 31.5 billion pounds of copper and 9.6 million ounces of gold, at a cutoff grade of 0.38% copper equivalent.  The Timok Lower Zone ranks high among undeveloped world porphyry copper deposits in terms of size and grade and benchmarks well against planned and operating block cave mines (see Nevsun's news release dated June 26, 2018 ).

  • PR Newswirelast month

    Nevsun Files Technical Report for the Timok Lower Zone Deposit

    VANCOUVER, Aug. 7, 2018 /PRNewswire/ - Nevsun Resources Ltd. (NSU.TO) (NYSE AMERICAN: NSU) ("Nevsun" or the "Company") today announced that it has filed the National Instrument 43-101 Technical Report – Timok Copper-Gold Project, Serbia: Upper Zone Prefeasibility Study and Resource Estimate for the Lower Zone 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 Timok Lower Zone deposit, a joint venture with Freeport-McMoRan Exploration Corporation ("Freeport"), is a porphyry copper deposit with inferred mineral resources of approximately 1.7 billion tonnes, grading 0.86% copper and 0.18g/t gold containing 31.5 billion pounds of copper and 9.6 million ounces of gold, at a cutoff grade of 0.38% copper equivalent.  The Timok Lower Zone ranks high among undeveloped world porphyry copper deposits in terms of size and grade and benchmarks well against planned and operating block cave mines (see Nevsun's news release dated June 26, 2018).

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of NSU.TO earnings conference call or presentation 27-Jul-18 3:00pm GMT

    Q2 2018 Nevsun Resources Ltd Earnings Call

  • PR Newswire2 months ago

    Nevsun Announces Second Quarter 2018 Financial Results

    VANCOUVER , July 26, 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 ...

  • CNW Group2 months ago

    Nevsun Announces Second Quarter 2018 Financial Results

    Nevsun Announces Second Quarter 2018 Financial Results

  • Reuters2 months ago

    Canada's Lundin Mining launches hostile C$1.4 bln bid for Nevsun

    Lundin Mining Corp launched a hostile C$1.4 billion ($1.1 billion) takeover bid for fellow Canadian miner Nevsun Resources Ltd on Thursday, saying it had failed to convince Nevsun's board to strike a friendly deal over the past nine months. In a direct pitch to Nevsun shareholders for its C$4.75 a share offer, cash-rich Lundin said in a circular it became apparent over time that Nevsun management was unlikely to agree to a transaction, despite multiple attempts to address its concerns. "Each time we presented a proposal, the goal post changed," said outgoing Lundin CEO Paul Conibear on a conference call Thursday.

  • PR Newswire2 months ago

    Nevsun Recommends Shareholders Take No Immediate Action in Response to Unsolicited Takeover Bid by Lundin Mining

    Nevsun shareholders are advised to take no action until the Board of Directors has made a formal recommendation to shareholders. The Offer will remain open for a minimum of 105 days, allowing Nevsun shareholders until November 9, 2018 to respond. The Offer follows an announcement by Lundin on July 16, 2018 of its intention to make an offer for Nevsun.