Creating a Premier global

gold company

Our
Story

It’s all in the name… we’ve evolved from a small company into a globally relevant gold mining business with a reputation of delivering value for all stakeholders. Underpinning it all, is our Australian story and spirit. We dare our people to think differently, we act like owners and we live our values of safety, accountability, excellence and respect.

Our
Operations

Evolution Mining is a leading, globally relevant gold miner. Post completion of the Ernest Henry transaction and the divestment of Mt Carlton announced on 5 October 2021, Evolution will operate five wholly-owned mines – Cowal in New South Wales, Mungari in Western Australia, Mt Rawdon and Ernest Henry in Queensland, and Red Lake in Ontario, Canada.

The focus of Evolution Mining is on operating its projects safely and efficiently and developing them to their full potential.

FY21 Highlights

In FY21 we produced 680,788 ounces of gold at an AISC of A$1,215 per ounce – among the lowest cost gold producers in the world. 

681koz

Gold Produced

A$1,215/ OZ

AISC

A$345.3M

record statutory net profit after tax

~A$1.80B

contribution to the Australian and Canadian economies

Record payout of
A$273.4M

in fully franked dividends

Mineral Resources

26.4Moz –74%

increase

Ore Reserves

9.9Moz –49%

increase

A$914.2M
EBITDA

Sustainability

Our sustainability vision is to deliver long-term stakeholder value through safe, low cost gold production in an environmentally and socially responsible way.

Commitment to Net Zero

greenhouse gas emissions by 2050 and 30% reduction by 2030 (Scope 1 and 2)

Sustainability

COVID-19 – no material impact on operations

Local Employment

67%

Across our operations

25%
increase

in water reuse – improved water security

‘AA’ MSCI ESG rating’

the highest rating among global gold mining peers

A$129.8M

contribution businesses and organisations including A$100.4M in direct spend with local organisations

20%

female employees

7%

Indigenous workers

Evolution has a strong platform of high-quality assets with an average reserve life of more than 14 years. All assets are located in the safe jurisdictions of Australia and Canada with a highly skilled workforce, and in an attractive operating environment. Our balance sheet is strong, our assets are generating substantial cash flow and our business is now well positioned to prosper through the cycle.
Jake Klein - Executive Chairman

Key News

Upcoming Events

25 Nov 2021
Annual General Meeting
25 Nov 2021
2021 Annual Report
Job Opportunities
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Non-IFRS Information

In addition to disclosing results determined in accordance with IFRS, EVN may also disclose certain non-IFRS and pro forma non-IFRS results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-IFRS and pro forma non-IFRS information provides investors with additional information to assess EVN operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. Management uses this non-IFRS and pro forma non-IFRS information, along with IFRS information, in evaluating its historical operating performance. EVN and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data.

The non-IFRS information is not prepared in accordance with IFRS and may not be comparable to non-IFRS information used by other companies. The non-IFRS information should not be viewed as a substitute for, or superior to, other data prepared in accordance with IFRS.