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http://money.cnn.com/news/newsfeeds/articles/prnewswire/VA90506.htm​
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Nevsun Announces Full Power Plant Restoration at Bisha Operations
..December 15, 2014: 07:51 AM ET
VANCOUVER, Dec. 15, 2014 /PRNewswire/ - Nevsun Resources Ltd. (TSX:NSU)
(NYSE MKT:NSU) (Nevsun or the Company) reports that power supply has been
reliably restored to the process plant at the Bisha mine. As noted in our
December 8th news release, financial results have not been negatively
impacted as the mine was able to draw down and sell from concentrate
stock-piles.
Forward Looking Statements
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.
Forward-looking statements are frequently, but not always, identified by
words such as "expects," "anticipates," "believes," "intends," "estimated,"
"potential," "possible" and similar expressions, or statements that events,
conditions or results "will," "may," "could" or "should" occur or be
achieved. Forward-looking statements are statements concerning the
Company's current beliefs, plans and expectations about the future
including but not limited to commercial production, future production of
copper and related cash flows and are inherently uncertain. The actual
achievements of the Company or other future events or conditions may differ
materially from those reflected in the forward-looking statements due to a
variety of risks, uncertainties and other factors, including, without
limitation, the risks that: (i) any of the assumptions in the historical
resource estimates turn out to be incorrect, incomplete, or flawed in any
respect; (ii) the methodologies and models used to prepare the resource and
reserve estimates either underestimate or overestimate the resources or
reserves due to hidden or unknown conditions, (iii) exploration activities
or the mine operations are disrupted or suspended due to acts of god,
internal conflicts in the country of Eritrea, unforeseen government actions
or other events; (iv) the Company experiences the loss of key personnel;
(v) the Company's operations or exploration activities are adversely
affected by other political or military, or terrorist activities; (vi) the
Company becomes involved in any material disputes with any of its key
business partners, suppliers or customers; (vii) the Company is subjected
to any hostile takeover or other unsolicited attempts to acquire control of
the Company; (viii) the Company is subject to any adverse ruling in any of
the pending litigation to which it is a party; (ix) the Company incurs
unanticipated power interruptions or failures due to electrical circuit
failures or inadequate fuel quality required to effectively operate power
generators for the plant or otherwise or costs or required repairs to the
copper floatation plant; or * are associated with the speculative nature of
exploration activities, periodic interruptions to exploration, failure of
drilling, processing and mining equipment, the interpretation of drill
results and the estimation of mineral resources and reserves, changes to
exploration and project plans and parameters and other risks are more fully
described in the Company's Management Discussion and Analysis for the
fiscal year ended December 31, 2013, which is incorporated herein by
reference. The Company's forward-looking statements are based on the
beliefs, expectations and opinions of management on the date the statements
are made and the Company assumes no obligation to update such
forward-looking statements in the future, except as required by law. For
the reasons set forth above, investors should not place undue reliance on
the Company's forward-looking statements.
Please see the Company's Annual Information Form for the fiscal year ended
December 31, 2013, and the Company's Management Discussion and Analysis for
the year ended December 31, 2013, for a more complete discussion of the
risk factors associated with our business.
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"
Cliff T. Davis
President & Chief Executive Officer
SOURCE Nevsun Resources Ltd.
Received on Mon Dec 15 2014 - 21:50:02 EST