Evolution Mining announces Acquisition of Economic Interest in Ernest Henry and AREO
Evolution Mining is a leading, growth-focused Australian gold company. It owns and operates seven gold mines located in Queensland, New South Wales and Western Australia. Group gold production for FY16 totalled 803,476 ounces at an All-in Sustaining Cost of A$1,014 per ounce. This represents a new annual production and AISC record for Evolution. Evolution has guided FY17 Group gold production of 745,000 – 800,000 ounces at an All-in Sustaining Cost of A$970 – A$1,030 per ounce.
Evolution Mining was created in late 2011 to form a mid-tier Australian gold producer through the merger of Catalpa Resources Ltd and Conquest Mining Ltd and the concurrent acquisition of Newcrest Mining’s interests in the Cracow and Mt Rawdon mines. The Company has continued to grow through acquisition, completing the acquisition of Cowal in July 2015 and Mungari in August 2015.
Evolution has a reputation for consistency and reliability. It has a track record of consistently achieving production and cash cost guidance.
As a result of our achievements, Evolution has been announced as winner of 2016 Dealer Award at Diggers and Dealers (August 2016), Best Asia-Pacific Mining Deal at Mines and Money Hong Kong (April 2016) and winner of 8th Annual International M&A awards (April 2016).