Nevsun Announces 2012 Financial Results Release Date and Index Change
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/12/13 -- Nevsun
Resources Ltd. (TSX:NSU)(NYSE MKT:NSU) ("Nevsun") announces that 2012
financial results will be released on March 20, 2013, after close of
trading, to be followed by a conference call on March 21, 2013, at
8AM Pacific, 11AM Eastern and 3PM GMT.
Call in details:
North America: 416-340-8530 / 1 877-440-9795
UK: 00800-2787-2090 (toll free)
Other International: +1 416-340-8530
The Company has been advised that on March 15, 2013, Nevsun will be
removed from Van Eck's proprietary Market Vectors Junior Gold Miners
index because Nevsun's revenue will switch to majority copper from
majority gold during 2013. Nevsun has been advised that the Van Eck
Junior Gold Miners ETF is required to sell its position in Nevsun
since the ETF tracks the index.
As previously disclosed, Nevsun expects to produce 80 to 90 thousand
ounces of gold in the first half of 2013, followed by 60 to 80
million pounds of copper in the last half of 2013. Production in 2014
is expected to be approximately 200 million pounds of copper at top
quartile cash costs, generating strong anticipated earnings and cash
The above contains forward-looking statements regarding the change to
the Market Vectors Junior Gold Miners index, future metal production
and financial results. Forward-looking statements are frequently, but
not always, identified by words such as "expects", "anticipates",
"believes", "intends", "estimated", "potential", "possible" and
similar expressions, or statements that events, conditions or results
"will", "may", "could" or "should" occur or be achieved.
Forward-looking statements are statements about the future and are
inherently uncertain, and actual achievements of the Company or other
future events or conditions may differ materially from those
reflected in the forward-looking statements due to a variety of
risks, uncertainties and other factors.
Please see the Company's Annual Information Form for the fiscal year
December 31, 2011, and the Company's Management Discussion and
Analysis for the quarter ended September 30, 2012, for a more
complete discussion of the risk factors associated with our business.
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is a Vancouver-based mining company with an
operating mine in Eritrea. Nevsun's 60%-owned Bisha Mine commenced
commercial gold production in February 2011 and is scheduled to
transition to copper/gold production in mid 2013. Management expects
the Bisha Mine will rank as one of the highest grade open pit base
metal deposits in the world.
NEVSUN RESOURCES LTD.
Cliff T. Davis, President & Chief Executive Officer
604 684 6730 or Toll free: 1 866 684 6730
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