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Nevsun Resources Ltd.

09:50 AM EST - Nevsun Resources Ltd. : announces its 2012 outlook for planned gold production of 190,000 to 210,000 ounces from the Bisha mine in Eritrea. The Bisha mine is one of the highest grade open pit base metal deposits in the world and has a mine life in excess of 12 years. Nevsun Resources Ltd. shares T.NSU are trading down $1.63 at $4.71.