Evolution Mining has handed down its annual report saying the focus on margin over ounces has delivered record financial results. The company produced 746,463 ounces of gold last financial year, at an All-in Sustaining Cost (AISC) of A$1,043 per ounce (US$700/oz)1. The company report says, ‘this continues to rank Evolution as one of the lowest cost… ...
Australia’s third biggest gold miner has pledged to maintain its membership of the Queensland Resources Council amid fallout from the group’s anti-green election campaign. The Vote Greens Last advertising campaign saw BHP and Origin Energy suspend their QRC memberships in protest. However, Evolution Mining executive chairman Jake Klein refused to be drawn on his opinion… ...
Evolution Mining has reported encouraging assay results from several holes at the Crush Creek project, 30km south-east of its Mount Carlton mine. The site is viewed as holding the potential to provide mine life extensions at Mount Carlton – carrying particular weight after a major resource blow at that site. Evolution Mining last month announced… ...
Aeris Resources has completed the acquisition of the Cracow gold operations from Evolution Mining in a $125 million deal. Executive chairman Andre Labuschagne says Aeris is excited at both the production and exploration potential at Cracow and has committed about $13 million to exploration over the next two years. Aeris has agreed to pay Evolution… ...
Evolution Mining has been forced to drop about 75,000 ounces of gold from its Mount Carlton life of mine plan. It follows an extensive grade control infill program of 204 drill holes (33,000m) to update the North Queensland site’s resource block model. Evolution is now looking at ways to maximise the future value of the… ...
Aeris Resources is forking out up to $125 million to buy the Cracow gold mine in Central Queensland from Evolution Mining. The companies have entered a binding agreement for the sale, expected to close around the end of this month. The acquisition includes a tenement package covering 903sq km, and Aeris says it aims to… ...
Evolution Mining has confirmed it is looking to sell its Cracow underground gold mine in the Banana Shire in Central Queensland. It comes after the Financial Review reported this morning (June 2) that the company was set to sell the mine to Aeris Resources. The media coverage prompted Evolution to make a statement to the… ...
Evolution Mining has scaled back production forecasts for the Mount Carlton gold mine in North Queensland this year. ...
Evolution Mining is throwing its weight behind another Central Queensland gold project. The gold producer has entered into an earn-in agreement with private entity Basin Gold over the Crush Creek project, 10km north-west of Collinsville. The exploration project is about 30km south-east of Evolution’s Mount Carlton gold mine. “Crush Creek hosts low sulphidation epithermal gold… ...
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