Evolution Mining owns and operates five gold operations. Three of the operations are located in Queensland, Australia, one in New South Wales and one in Western Australia. Evolution Mining’s diversified portfolio combining production and growth has made it become the second largest ASX listed gold miner.
The focus of Evolution Mining is on operating its projects safely and efficiently and developing them to their full potential.
Evolution Mining has a 100% interest in its projects which are located in very prospective regions. In addition Evolution holds an economic interest in Ernest Henry, 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 from Ernest Henry.
On 26 November 2019 Evolution announced the acquisition of the high grade, long life Red Lake gold complex in Ontario, Canada. The transaction is expected to close around the end of March 2020.
At December 2019, Evolution Mining’s global Ore Reserves were 6.6 million ounces of gold and Mineral Resources were increased to 15.2 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 Group gold production of around 725,000 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 725,000-775,000 ounces at an All-in sustaining cost of A$940-A$990 per ounce of gold.
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