CAPITAL MARKETS

Nevsun suspends dividends

Nevsun Resources (CN:NSU) shares dropped more than 7% yesterday as the company opted to suspend dividends in aid of growth and further advancing its Timok Upper Zone copper-gold project in Serbia.

Staff reporter
Miner will use capital to advance Timok Upper Zone

Miner will use capital to advance Timok Upper Zone

The company took a hit on the markets last February when it cut its dividend by 75% to conserve capital and fund Timok. Nevsun had declared a quarterly dividend in December of US1c per share, payable...

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