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.
With the recent inclusion of the Red Lake Mineral Resource, at December 2019, Evolution Mining’s global Mineral Resources were 26.2 million ounces of gold and Ore Reserves were 7.3 million ounces of gold. Group gold production for FY20 totalled 746,463 ounces at an All-in Sustaining Cost of A$1,043 per ounce.
Evolution has guided FY21 gold production of 695,000 – 710,000 ounces at an All-in Sustaining Cost of A$1,190 – A$1,220 per ounce.
In FY20 we produced 746,463 ounces of gold at an AISC of A$1,043 per ounce – one of the lowest cost gold producers in the world. Evolution has guided FY21 Group gold production of around 695,000 – 710,000 ounces at an All-in sustaining cost of A$1,190 – A$1,220 per ounce of gold.
Mine cash flow (increased 45% from FY19)
underlying net profit after tax (INC. 86%)