VANCOUVER, Feb. 24, 2014 /CNW/ - Nevsun Resources Ltd. (TSX:NSU / NYSE MKT: NSU) (Nevsun or the Company) is pleased to advise
that its Board of Directors has declared a quarterly cash dividend of
US$0.035 per common share (US$0.14 per common share annually). The
dividend is payable on April 15, 2014 to shareholders of record as of
the close of business on March 31, 2014.
"Nevsun has a strong balance sheet and this dividend policy confirms our
continuing focus on generating cash flow from operations and providing
a healthy return to shareholders," said Cliff Davis, CEO.
This dividend qualifies as an 'eligible dividend' for Canadian income
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is a Vancouver-based mining company with an operating mine in
Eritrea. Nevsun's 60%-owned Bisha Mine commenced commercial gold
production in February 2011 and then transitioned to and commenced
commercial copper production in December, 2013, and ranks as one of the
highest grade open pit copper mines in the world. Nevsun has a strong
balance sheet to grow shareholder value through exploration at Bisha
and acquisition of additional mining assets.
NEVSUN RESOURCES LTD.
"Cliff T. Davis"
Cliff T. Davis
President & Chief Executive Officer
SOURCE Nevsun Resources Ltd.