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 seen it become the third largest ASX listed gold miner.

Our focus at Evolution Mining is on operating our projects safely, efficiently and developing them to their full potential. We demonstrated our value of Safety in the best possible way by reducing the Total Recordable Injury Frequency (TRIF) by 31% to the lowest ever achieved for Evolution at 5.5.

The number of positive safety interactions in our team was well over 39,000 for the year and over 1,700 people were involved in our health and wellbeing programs. Significantly, we halved the number of vehicle interactions when compared with FY17 which was a key area of focus of our safety programs. We recognise that there is no place for complacency in safety and we will continue the momentum to improve our safety  culture in FY19.

Our communities and social responsibility are vital to our ongoing sustainability and success. Everyone at Evolution has a role to play in building positive community relations. During the year, we collaborated with our community stakeholders on shared value projects and environmental enhancement projects to leave a positive legacy beyond the life of our mines.

We see innovation as critical to advancing our business and we actively seek opportunities to improve. We were first to apply high intensity grinding (HIGmill) technology in a hard rock (gold) environment and the first to use CaBolter technology in an innovative way (open pit environment). We worked with Minnovare to develop Production Optimiser technology to reduce stope dilution.

We had 58 Act Like an Owner nominations (ALO) during the period, an example of daring to think differently and we are aiming to double this FY19. Mt Rawdon won the “People’s Choice Award” for their very innovative initiative, Barrell Mate, at the Queensland Mining Industry Health and Safety Conference. The site slurry pumps have a bearing barrel drive that fails and requires rebuilding in the workshop. The team designed and manufactured a twin clamp 360-degree rotating holder to allow an assembly to be rebuilt without leaving the holder, eliminating additional lifts and halving the amount of manual handling. This innovation has application across the industry.

FY18 was an excellent year from a production perspective with 801,187 ounces produced, towards the top end of our guidance (750,000 – 805,000oz), and four out of six operations were either at or above the top end of their guidance. This was achieved at a record low AISC of
A$797 per ounce.

Cowal
Gold Reserves (Moz): 3.0
Gold Resources (Moz): 6.1
CY2011A Au Production (Koz): 269
CY2012A Au Production (Koz): 268
CY2013A Au Production (Koz): 297
CY2014A Au Production (Koz): 268
FY2016A Au Production (Koz): 238
FY2017A Au Production (Koz): 263
FY2018A Au Production (Koz): 258
FY2019E Au Production (Koz): 240-250
Current Ownership: 100%

Mt Carlton
Gold Reserves (Koz): 712
Gold Resources (Koz): 1,056
FY2013A Au Production (Koz): 12
FY2014A Au Production (Koz): 88
FY2015A Au Production (Koz): 78
FY2016A Au Production (Koz): 113
FY2017A Au Production (Koz): 105
FY2018A Au Production (Koz): 112
FY2019E Au Production (Koz): 95-105
Current Ownership: 100%

Cracow
Gold Reserves (Koz): 245
Gold Resources (Koz): 511
FY2011A Au Production (Koz): 102
FY2012A Au Production (Koz): 103
FY2013A Au Production (Koz): 103
FY2014A Au Production (Koz): 95
FY2015A Au Production (Koz): 93
FY2016A Au Production (Koz): 91
FY2017A Au Production (Koz): 89
FY2018A Au Production (Koz): 90
FY2019E Au Production (Koz): 80-85
Current Ownership: 100%

Mt Rawdon
Gold Reserves (Koz): 671
Gold Resources (Koz): 1,067
FY2011A Au Production (Koz): 90
FY2012A Au Production (Koz): 95
FY2013A Au Production (Koz): 106
FY2014A Au Production (Koz): 104
FY2015A Au Production (Koz): 102
FY2016A Au Production (Koz): 85
FY2017A Au Production (Koz):  101
FY2018A Au Production (Koz):  105
FY2019E Au Production (Koz):  95-105
Current Ownership: 100%

Mungari
Gold Reserves (Koz): 656
Gold Resources (Koz): 2,560
CY2011A Au Production (Koz): 130
CY2012A Au Production (Koz): 109
CY2013A Au Production (Koz): 97
CY2014A Au Production (Koz): 125
FY2016A Au Production (Koz): 137
FY2017A Au Production (Koz): 144
FY2018A Au Production (Koz): 118
FY2019E Au Production (Koz): 125-135
Source: SNL
Current Ownership: 100%