Nevsun Announced Financial and Operating Results for 2011

Nevsun generates a net, after-tax income of $250 million in 2011 alone

By Nevsun,

Nevsun Resources Ltd.  (TSX:NSU / NYSE Amex:NSU) is pleased to report its financial and operating results for 2011.

In that year, the Company recorded $548 million in revenues for the year on sales of 369,900 ounces of gold for an average realized price $1,620 per ounce.  With 379,000 ounces produced, gold production averaged approximately 1,000 ounces per day with an average cash cost per ounce sold of $295Continue reading