Nevsun to invest up to $60m at Serbia project in 2018

New York Stock Exchange-listed Nevsun Resources will invest between $50-million and $60-million this year to advance its Timok Upper Zone copper/gold project, in Serbia. The company on Wednesday released its guidance for this year, with zinc production forecast to reach between 210-million and 240-million pounds at a C1 cash cost of $0.70 to $0.90 per payable pound sold with copper at a C1 cash cost of $0.60 to $0.80 per payable pound sold on a by-product basis.