EVN 2.16% $3.63 evolution mining limited

Ann: Acquisition of 80% interest in Northparkes Copper-Gold Mine, page-9

  1. 573 Posts.
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    It will be interesting to see what the capital requirements for the place will be to get it (and keep it) humming. I have heard that CMOC have deferred a fair bit of sustaining capital spend, so there might be a fair bit of tired, fragile plant there that presents both cashflow and capital risk. At least there seems to be plenty of leeway in the contingency consideration, with it based around production percentage rather than fixed rates. Shame that CMOC presold most of the gold, but at least with EVNs gold exposure they are already well hedged against copper price fluctuations.
 
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