Evolution Mining is a leading, growth-focussed Australian gold miner. Evolution operate six wholly-owned mines – Cowal in New South Wales; Mt Carlton, Mt Rawdon, and Cracow, in Queensland; and Mungari and Edna May in Western Australia. In FY16 Evolution produced 803,476 ounces of gold at an AISC of A$1,014 per ounce.
On 24 August 2016, Evolution announced that it was acquiring an economic interest in the Ernest Henry copper-gold operations in Queensland. Assuming completion of the acquisition of an economic interest in Ernest Henry, Evolution has guided FY17 Group gold production guidance to 800,000 – 860,000 ounces at an AISC of A$900 – A$960 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).