Q: Where is Evolution Mining listed and what is the ticker symbol?

A. Evolution Mining is listed on the Australian Stock Exchange (ASX) and its ticker symbol is EVN. More information can be found at the ASX website, www.asx.com.au.

Q: What jurisdications does Evolution operate in?

A. Gold mining is an inherently risky business. We minimise our exposure to the rise in geopolitical risk by strategically focusing on operating in the lower risk, tier 1 jurisdictions of Australia and Canada. 

Q. Why is Evolution focused on the mid-tier gold mining sector?

A. Although we are a growth company we don’t believe that the gold mining business is scalable. Our growth comes from improving the quality of our assets rather than increasing the number of assets in the portfolio.

Over the long run mid-tier producers have delivered the best returns to shareholders. Mid-tier companies are large enough to fund their own growth and small enough to deliver meaningful shareholder value accretion through discoveries and organic growth opportunities.

Growth for growth’s sake in a rising gold price environment is a well trodden path in the gold mining sector which has never ended well.

Q. What is Evolution’s strategy for assets in the portfolio?

A. We believe up to eight assets is the right number to have in our portfolio to ensure focus is maintained on getting the most out of each asset. Mines can be unpredictable so having a portfolio of mines smooths out operational performance and delivers investors more predictability and reliability. Our strategy also focuses on upgrading the quality of the portfolio over time. Improving quality is determined by reducing costs and extending mine life. This can be achieved either through buying better quality assets at attractive valuations or by divesting shorter life, higher cost assets.

Q. Do you hedge your gold production?

A. Our goal is for all our operating mines to be cash flow positive. We use hedging to fund capital programs or manage balance sheet risk. In the past we have hedged production to ensure an asset remains cash flow positive through a major development period or to de-risk the balance sheet when we have elevated debt through acquisition funding.

Q. What are Evolution’s key growth prospects?

• Cowal underground
• Red Lake transformation
• Ernest Henry mine life extensions
• Mungari discovery

Q. Can I buy shares directly from Evolution?

A. No. You must contact your local broker to purchase Evolution Mining shares.

Q. Who should I contact if:

• I have lost or misplaced my share information?
• I have changed by address?
• I need to recover past dividends?

A. Please contact our Share Registry – Link Market Services
Link Market Services Limited
Level 12
680 George Street
Sydney NSW 2000

Telephone: +61 1300 554 474
Facsimile: +61 2 9287 0303
Email: registrars@linkmarketservices.com.au

http://www.linkmarketservices.com.au/corporate/home.html

View our Share Registry link for further information – see below

Q. Does Evolution pay a dividend?

A. We believe investors in gold mining companies should see a direct benefit from the gold that we produce. We have a dividend policy of whenever possible paying a semi annual dividend equivalent to 50% of the Group’s after tax earnings. As one of the lowest cost, highest margin producers in the sector, our investors continue to be rewarded through growing dividends.

Visit our Dividends page for a list of declared dividends and further information.

Q. How important is Sustainability to Evolution?

A. Sustainability is very important to Evolution. Our objective is to deliver long-term stakeholder value through safe, low-cost gold production in an environmentally and socially responsible manner. 

We continue to invest time, effort and resources into improving our performance to achieve measurable value for our business and the communities in which we operate. 

We participate in Sustainability benchmarking assessments and were ranked in the top performing Australian mining companies for corporate sustainability in the annual assessment of the Dow Jones Sustainability Index – Australia.

We are guided by our Sustainability Principles which are presented below:

Q. How does Evolution provide support in their communities?

A. We believe we have an obligation to create shared value for all our stakeholders. This is measured as much by the superior returns we deliver to our shareholders as by the positive legacies we leave in our communities and the people whose lives we enrich.

Evolution seeks to deliver long-term benefits to local communities and other stakeholders through engagement and collaboration, and by understanding the social impacts
of our activities, mitigating negative effects and achieving outcomes of mutual benefit.

Building and maintaining strong, supportive relationships and partnerships with local people in the areas where we operate drives value creation for both Evolution and the community.

For further information go to our Sustainability menu to see examples of our community initatives.

Q. How does Evolution promote an innovative culture?

A. Our aim is to differentiate our company through innovation, incremental improvements and excellent operational discipline to deliver value for our stakeholders. We look for ground breaking ideas to transform the company’s ounce and cost profile.

Our focus on innovation rather than invention allows us to be Fast Firsts rather than Fast Followers. We believe this approach will extend our competitive advantage within the mining industry.

We recognise our people for ‘Acting Like an Owner’, generating value for Evolution and caring for the environment. This includes initiatives such as making substantive cost reductions, delivering operational excellence through change innovation and improving our safety performance. 

Q. What is your philosophy on safety?

A. Evolution is committed to providing a healthy and safe workplace. Our target is to achieve an injury free and occupational disease free workplace by ensuring hazards are identified and managed at the source. All safety incidents are thoroughly investigated, learnings shared, and corrective actions implemented. 

At Evolution, we live by our Safety Principles:

• Management takes accountability for safety performance
• Everyone is empowered to stop “at risk” behaviour and control unsafe conditions
• Everyone takes accountability for his/her own safety and for the safety of those around them
• All injuries and incidents are preventable
• No task is so important that it cannot be done safely