Red Lake – a cornerstone Evolution asset being restored into a premier Canadian gold mine
The Red Lake operation is an underground gold mine in north western Ontario and is situated in one of the highest grade Archean gold camps in Canada. Acquired in April 2020, an operational transformation plan is underway to restore Red Lake to a premier Canadian gold mine.
In our second year of ownership, Red Lake produced 115,276 ounces of gold at an AISC of A$2,519 per ounce. The three-year transformation program at Red Lake is well underway to achieve a goal of 350,000 low-cost ounces per annum from FY26. The Red Lake operation will consist of the Lower Red Lake, Upper Campbell, Cochenour and McFinley mining areas that will provide ore to the Campbell, Red Lake and Bateman mills with a total processing capacity target of 2 million tonnes by FY26.
On 20 May 2021 Evolution announced the completion of the Battle North Gold acquisition which will enable growth plans to be accelerated at Red Lake. With the acquisition of Battle North Gold the Board has also approved an
accelerated plan to deliver in excess of 350,000 lowcost ounces per annum at Red Lake within five years.
The acquisition also provides the opportunity to build on our track record as a safe and sustainable operator for the long-term benefit of a broad range of stakeholders including the local workforce, regional communities and
our Wabauskang and Lac Seul First Nation Partners.
The consolidated operation will consist of the Lower Red Lake, Upper Campbell, Cochenour and McFinley mining areas that will provide ore to the Campbell, Red Lake and Bateman mills with a total processing capacity target of two million tonnes by FY26.