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North Shore Uranium Ltd NSU


Primary Symbol: V.NSU

North Shore Uranium Ltd. is a Canada-based company, which is engaged in the exploration for uranium deposits at the eastern margin of Saskatchewan’s Athabasca Basin. The Company conducts its exploration programs on its two properties, the Falcon Property and the West Bear Property. The Falcon Property is located approximately 35-kilometer (km) east of the former Key Lake Mine and the active Key Lake uranium mill which processes ore from the McCarthur River Mine. The West Bear property consists of five mineral claims totaling 4,511 hectares located at the eastern edge of the Athabasca Basin which hosts two producing uranium mines.


TSXV:NSU - Post by User

Post by tony1969on Jan 12, 2017 8:08am
258 Views
Post# 25698119

Copper separation still an issue but all else is well....

Copper separation still an issue but all else is well....
Nevsun Resources reports its operating results for the year ending December 31; Bisha production exceeded supergene copper guidance producing 55.8 mln pounds at a C1 cash cost of $1.03/payable pound sold 7:51 AM ET 1/12/17 | Briefing.com 4:00 PM ET 1/11/17 Symbol Last % Chg NSU 3.32 0.00% Real time quote. 2016 Performance Highlights Achieved top quartile safety performance at Bisha with no lost time injuries Completed the acquisition of the high grade Timok copper-gold project in SerbiaSuccessfully integrated, ramped-up and are now rapidly advancing the Timok project to productionCompleted the Bisha zinc project on-time and under budget, declaring commercial production October 1 Bisha production: Exceeded supergene copper guidance producing 55.8 million pounds at a C1 cash cost of $1.03 per payable pound sold Achieved zinc guidance, producing 90 million pounds from primary ore Achieved gold guidance, monetizing 90,000 gold equivalent ounces from stockpilesSecured Bisha District through significantly expanded exploration rights Continued to pay peer leading dividends 2017 Outlook and Guidance Nevsun is currently completing its annual forecasting process at Bisha where the work on a robust geo-metallurgical resource model and the copper flotation plant metallurgy are ongoing. The expect to provide their 2017 Outlook and update on the resolution to the challenges related to the copper flotation circuit in mid-February 2017.
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