Dec 5 (Reuters) - Evolution Mining Ltd (EVN) :
- ACQUISITION OF 80% INTEREST IN NORTHPARKES COPPER-GOLD MINE
- WILL ACQUIRE NORTHPARKES FOR TOTAL CASH CONSIDERATION OF UP TO US$475 MILLION
- HAS ALSO AGREED TO ENTER INTO AN OFFTAKE AGREEMENT WITH IXM S.A.
- SUMITOMO METAL MINING AND SUMITOMO CORPORATION WILL RETAIN THEIR 20% INTEREST IN NORTHPARKES JV
- UNDER OFFTAKE AGREEMENT IXM WILL PURCHASE FROM EVOLUTION COPPER CONCENTRATES PRODUCED FROM NORTHPARKES MINE
- TRANSACTION WILL BE FUNDED BY A$525 MILLION FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT AND NEW A$200 MILLION 5-YEAR TERM DEBT FACILITY
- COMPLETION OF TRANSACTION IS EXPECTED TO OCCUR BEFORE END OF DECEMBER 2023
- FOLLOWING COMPLETION, FY24 GROUP ALL-IN SUSTAINING COST GUIDANCE A$20/OZ LOWER AT A$1,315/OZ
- ENTERED INTO A BINDING AGREEMENT TO ACQUIRE AN 80% INTEREST IN NORTHPARKES COPPER-GOLD MINE FROM CMOC GROUP LIMITED
- A$525 MILLION PLACEMENT AT AN ISSUE PRICE OF A$3.80 PER SHARE
News: EVN Evolution Mining Says Will Acquire Northparkes For Up To $475 Million
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Last
$9.70 |
Change
0.570(6.24%) |
Mkt cap ! $19.53B | |||
| Open | High | Low | Value | Volume |
| $9.33 | $9.72 | $9.26 | $90.36M | 9.399M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $9.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.72 | 47058 | 4 |
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| Last trade - 16.14pm 11/09/2025 (20 minute delay) ? |
| EVN (ASX) Chart |