fbpx
QQQ
+ 0.04
344.32
+ 0.01%
DIA
-0.76
339.54
-0.22%
SPY
-0.43
421.29
-0.1%
TLT
-0.58
143.87
-0.4%
GLD
-0.76
167.71
-0.45%

Edison Investment Research Publishes Nevsun Resources

by
November 22, 2011 8:35 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Edison writes about Nevsun Resources (NYSE: NSU), “In its third quarter financial results, Nevsun announced earnings 51.1% higher than in the previous quarter and 20.3% higher than our expectations, principally on account of the mining and processing of higher grade ore. In addition, the company was waiting on the settlement of sales of approximately 24,000oz of gold, worth c 7.6c per share (before associated costs) after deductions for tax and minority interests. At 89%, recoveries at the plant were 2% above planned levels (despite the onset of the rainy season in Eritrea).”

NSU closed yesterday at $5.40.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.


Related Articles

Citi Bullish On Rail Stocks, Upgrades Norfolk Southern