Finance > Profit-loss

Nevsun reports 2017 loss

Nevsun Resources (CN:NSU) has reported a net loss for 2017, after investing over US$41 million in the Timok project in Serbia and producing lower-than-expected copper volumes at higher costs from its Bisha mine in Eritrea.

Staff reporter

Finance > Profit-loss

Nevsun reports 2017 loss

Nevsun Resources (CN:NSU) has reported a net loss for 2017, after investing over US$41 million in the Timok project in Serbia and producing lower-than-expected copper volumes at higher costs from its Bisha mine in Eritrea.

Staff reporter

Nevsun reports 2017 loss

Nevsun expects sustained primary ore feed from Bisha in 2018

The net loss for the year was US$99.6 million, compared to a profit of $16.2 million the previous year.