About Us
Mission Statement:
To maximize shareholder value through the successful development and production of gold and base metal properties worldwide.
Nevsun Resources Ltd. is a gold and base metal developer with a focus on high grade, low cost mining projects. Nevsun is producing gold at its high grade gold, copper, silver and zinc Bisha Project in Eritrea. Production commenced in early 2011.
The Bisha Mine is a low cost gold producer for its first two years of production and a low cost high grade copper concentrate producer for a further three years. Thereafter the mine will produce separate zinc and copper concentrates.
Objectives
Nevsun met or exceeded all objectives in developing the Bisha Main project. The gold mine was built on time and under budget.
Major 2010 and 2011 Achievements
- Equity financing arranged (Feb 2010)
- Mills set in place (Mar 2010)
- Plant commissioning commenced (Oct 2010)
- First gold pour (Dec 2010)
- Commercial production declared (Feb 2011)
- Commence copper phase expansion project (Q1 2011)
- Complete reserve expansion drill programs (Nov 2011)
- Four quarters of on-plan gold production (2011)
2012 Objectives
- Grow reserves through drilling
- Reserve restatement including 2011 drill data (Q1 2012)
- Northwest Zone infill drilling (Q1 2012)
- Northwest Zone resource/reserve statement (2012)
- Continue to deliver production and cash-flow (2012)
- Manage copper phase on schedule and budget (2012)
- Review external growth opportunities (2012)
