VANCOUVER, Dec. 12, 2017 /PRNewswire/ - Nevsun
Resources Ltd. (TSX:NSU) (NYSE MKT: NSU) (Nevsun or the
Company) announced today that its Board of Directors has declared a
quarterly dividend of US$0.01 per
common share (US$0.04 per common
share annually). The dividend is payable on January 17, 2018, to shareholders of record as of
the close of business on December 29,
2017 and qualifies as an 'eligible dividend' for Canadian
income tax purposes.
Peter Kukielski, Nevsun's CEO,
commented, "Payment of a dividend has been an important part of
Nevsun's capital allocation philosophy. The Board of Directors has
initiated a critical review of the discretionary dividend policy to
align with the Company's ongoing capital needs at Timok."
Additional information regarding the Company's dividend policy
is available on the website: http://www.nevsun.com/investors/.
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is the 100% owner of the high-grade
copper-gold Timok Upper Zone and 60.4% owner of the Timok Lower
Zone in Serbia. The Timok Lower Zone is a partnership with
Freeport-McMoRan Exploration Corporation ("Freeport"), which
currently owns 39.6% and upon completion of any Feasibility Study,
Nevsun will own 46% and Freeport
will own 54%. Nevsun generates cash flow from its 60% owned
copper-zinc Bisha Mine in Eritrea. Nevsun is well positioned
with a strong debt-free balance sheet to grow shareholder value
through advancing Timok to production.
NEVSUN RESOURCES LTD.
"Peter G.J. Kukielski"
Peter G.J. Kukielski
President & Chief Executive Officer
NSU 17-30
SOURCE Nevsun Resources Ltd.