Nevsun earns $15.6-million (U.S.) in Q1

From: Semere Asmelash <semereasmelash_at_ymail.com_at_dehai.org>
Date: Fri, 22 Apr 2016 16:20:10 +0000 (UTC)

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:NSU-2364577&symbol=NSU&region=C

Nevsun earns $15.6-million (U.S.) in Q1

2016-04-21 17:15 ET - News Release

Mr. Cliff Davis reports

NEVSUN EXCEEDS PRODUCTION PLAN AND COST GUIDANCE IN Q1 2016

Nevsun Resources Ltd. has released its financial and operating results for the three months ended March 31, 2016. Unless otherwise noted, with the exception of earnings per share and realized price and cost per pound figures, all financial results are in millions of U.S. dollars.

First quarter 2016 highlights:

-Continued first-quartile safety performance at Bisha;

-Produced 34 million pounds of copper at C1 cash costs (1) of $1.12 per payable pound sold;

-Sold 20,000 gold equivalent ounces from stockpiles;

-Generated earnings per share of four cents and $33-million in operating income;

-Ended period with working capital of $483-million, including $438-million of cash;

-Paid quarterly dividend of four cents per share.
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Nevsun Exceeds Production Plan and Cost Guidance in Q1 2016

First quarter 2016 highlights

http://www.nevsun.com/news/2016/april21/
Received on Fri Apr 22 2016 - 12:20:10 EDT

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