Nevsun ups guidance for Eritrea zinc/copper mine

Canadian base metals miner Nevsun Mining, which is being taken over by China’s Zijin Mining, has increased its 2018 zinc and copper guidance for the Bisha mine, following a strong third-quarter performance.

The mine, in Eritrea, produced 69.6-million pounds of zinc in concentrate, compared with 51.3-million in the second quarter and 57.8-million in the prior-year quarter. Copper in concentrate production increased to 10.2-million pounds from 8.6-million pounds in the second quarter and 4-million pounds in the third quarter of 2017.