Nevsun Resources (NSU) Misses Q2 EPS by 3c

Nevsun Resources (NYSE: NSU) reported Q2 EPS of $0.05, $0.03 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $104.2 million versus the consensus estimate of $121.83 million.

Second quarter 2015 highlights

• Earned $0.05 per share
• Generated $58 million cash from operating activities
• Working capital of $499 million, including $452 million of cash
• Produced 32.4 million pounds of copper
• Continued lowest-quartile C1 cash costs([1]) of $0.97 per payable pound sold
• Paid quarterly dividend of $0.04 per share
• Continued zinc expansion project – on-time and on-budget
• Discovered a new VMS mineral deposit in the Bisha District
• Monetized stockpiled precious metals concentrate

For earnings history and earnings-related data on Nevsun Resources (NSU) click here.

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