Evolution Mining is a leading, growth-focused Australian gold miner. Evolution operates five wholly-owned mines – Cowal in New South Wales, Mt Carlton and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada. In addition, Evolution holds an economic interest in the Ernest Henry copper-gold mine in Queensland that will deliver 100% of future gold and 30% of future copper and silver produced from an agreed life of mine area. Outside of the life of mine area Evolution will have a 49% interest in future copper, gold and silver production.
At December 2019, Evolution Mining’s global Ore Reserves were 6.6 million ounces of gold and Mineral Resources were increased to 15.17 million ounces of gold. Group gold production for FY19 totalled 753,001 ounces at an All-in Sustaining Cost of A$924 per ounce.
Evolution has guided FY20 gold production, exclusive of Red Lake’s contribution, of around 715,000 ounces at an All-in Sustaining Cost of A$940 – A$990 per ounce.
In FY19 we produced 753,001 ounces of gold at an AISC of A$924 per ounce to reach eight consecutive years of production guidance. Evolution has guided FY20 Group gold production of around 715,000 ounces at an All-in sustaining cost of A$940-A$990 per ounce of gold.
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contribution to australian economy