Our Assets

Australia

Cowal

New South Wales

Cowal

The Cowal gold operation is a world-class, open pit gold operation located 350km west of Sydney.
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Mt. Carlton

Queensland

Mt. Carlton

Our Mt. Carlton operation is located 150km south of Townsville, Queensland.
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Mt. Rawdon

Queensland

Mt. Rawdon

The Mt. Rawdon open pit gold operation is located 75km south-west of Bundaberg, Queensland.
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Mungari

Western Australia

Mungari

The Mungari gold operation is located 600km east of Perth and 20km west of Kalgoorlie, Western Australia.
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Ernest Henry

Queensland (Evolution Economic Interest)

Ernest Henry

The Ernest Henry copper-gold operation is a large-scale, long-life asset operated by Glencore.
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Canada

Red Lake

Canada

Red Lake

The Red Lake is an underground gold mine in western Ontario, Canada.
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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.

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

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 670,000 – 730,000 ounces at an All-in Sustaining Cost of A$1,240 – A$1,300 per ounce.

FY20 Highlights

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 670,000 – 730,000 ounces at an All-in sustaining cost of A$1,240-A$1,300 per ounce of gold.

746koz

Gold Produced

A$1,043/ OZ

AISC

A$1,121M

Mine cash flow (increased 45% from FY19)

~A$405M

underlying net profit after tax (INC. 86%)

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