Evolution Mining executive chair Jake Klein believes the gold industry has nothing to be concerned about despite the commodity’s recent price regression.
Evolution Mining has beaten its September quarter guidance to produce 170,681 ounces of gold with a lower-than-expected all-in sustaining cost (AISC) of $1413 per ounce.
Evolution Mining plans to enhance its portfolio by selling the Mt Carlton gold mine in Queensland to Navarre Minerals for $90 million in a transformational deal for the buyer.
Evolution Mining has cashed out a record profit of $345.3 million for the 2020-21 financial year following historic high copper revenue for the company.
Northern Star Resources has delivered synergies from its merger with Saracen Mineral Holdings ahead of schedule after smashing production, gold sales and cash flow targets.
Evolution Mining has boosted its production targets after agreeing to buy Northern Star Resources’ Kundana assets in Western Australia for $400 million.