Nevsun Resources is a growing high grade, low cost gold producer focused on its Bisha Mine in Eritrea
Nevsun Resources is a growing high grade, low cost gold producer focused on its Bisha Mine in Eritrea, East Africa. Bisha is a large precious and base metal volcanogenic massive sulphide deposit that went into commercial gold-silver production in February 2011. The Bisha Mine is expected to produce more than 1.14 million ounces of gold, 11.9 million ounces of silver, 821 million pounds of copper, and 1.3 billion pounds of zinc during its initially estimated 13 year mine life. In 2013, the processing plant will be expanded and transition into low cost copper, gold, and silver production.
Bisha has received continuous support from the Eritrean government, who purchased a 30% interest in addition to a legislated 10% free carried interest. The Bisha Project was equity financed with no debt or hedge which leaves Nevsun with