EVN 1.55% $3.93 evolution mining limited

target 410-465,000 oz gold production

  1. 112 Posts.
    Evolution Mining is a growth focused Australian gold company. It owns and operates four gold operations in Queensland and Western Australia and is developing a fifth gold operation in Queensland. Evolution Mining holds a 100% interest in all of its operations.


    Cracow Gold-Silver Mine (Qld) - commenced production in 2004
    Edna May Gold Mine (WA) - commenced production in 2010
    Mt Carlton Gold-Silver-Copper Project (Qld) - commenced construction in 2011
    Mt Rawdon Gold Mine (Qld) - commenced production in 2001
    Pajingo Gold-Silver Mine (Qld) - commenced production in 1986



    In full-year 2011 the merged entity produced approximately 300,000 ounces of gold ranking it as a top five Australian gold producer.

    This is expected to increase to 410,000 to 465,000 ounces of gold equivalent by 2013. At the time of the merger, Evolution Mining’s Mineral Resources were approximately 6.9 million ounces of gold equivalent and Ore Reserves were approximately 3.5 million ounces of gold equivalent.

    The Board believes there is significant exploration potential above the defined Ore Reserves and Mineral Resources.
 
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