Welcome To Nevsun Resources
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, with 12 years of current reserves, is one of the highest grade open pit mines in the world. Bisha produced 379,000 ounces of gold in 2011 and 313,000 ounces in 2012. A copper expansion project is under construction at site and in mid-2013, Bisha will 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 full exposure to current high metal prices.