Nevsun Resources (USA)(NYSEMKT:NSU) Declares Dividend of $0.0400.

Nevsun Resources (USA) (NYSEMKT:NSU) had declared a cash dividend of $0.0400 on Sep 19, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 19, 2016 share price, the yield comes out to be 5.1118%. The dividend payable date has been fixed on Oct 14, 2016.

Nevsun Resources (USA) (NSU) made into the market gainers list on Thursdays trading session with the shares advancing 1.56% or 0.05 points. Due to strong positive momentum, the stock ended at $3.26, which is also near the day’s high of $3.29. The stock began the session at $3.25 and the volume stood at 5,36,431 shares. The 52-week high of the shares is $3.8 and the 52 week low is $2.27. The company has a current market capitalization of $977 M and it has 29,97,10,300 shares in outstanding.

Nevsun Resources (USA)(NSU) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $79.20M. Analysts had an estimated revenue of $40.00M. Earnings per share were $0.04. Analysts had estimated an EPS of $0.01.

Nevsun Resources Ltd. (Nevsun) is engaged in the acquisition exploration development and operation of mineral property interests. The Company’s principal mining operation is the Bisha Mine and the Company’s principal mineral property is the Bisha property which is owned by Bisha Mining Share Company (BMSC). The Company’s wholly owned subsidiaries include Nevsun (Barbados) Holdings Ltd. Nevsun Africa (Barbados) Ltd. and Nevsun Resources (Eritrea) Ltd. The Company has 60% interest in BMSC. Bisha is a volcanogenic massive sulphide (VMS) deposit located 150 kilometers west of Asmara Eritrea East Africa. The Bisha mine hosts a gold copper and zinc deposit and the overall Bisha district includes satellite VMS deposits known as Harena Northwest and Hambok. The Bisha Main deposit is located within the Bisha Mining License and the Harena satellite deposit lies in a separate mining license 6 kilometers south. Bisha Main and Harena form 100% of the mineral reserves for Bisha.

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