Evolution delivers 174 169 oz gold in Q1
JOHANNESBURG (miningweekly.com) – ASX-listed Evolution Mining has delivered 174 169 oz of gold in the first three months of the 2016 financial year.
All-in sustaining costs (AISC) came in at A$882/oz.
Attributable production from the Australia-based Cowal and Mungari mines, which were offloaded over the quarter, were 59 495 oz and 48 538 oz respectively, equating to a full-quarter production from Evolution’s seven operating assets of 216 693 oz.
“With the Cowal and Mungari transactions completed during the quarter, their significant impact on reducing group costs and increasing cash generation has been immediately evident,” the miner said in a statement on Friday.
The company maintained its attributable gold production guidance of between 730 000 oz and 810 000 oz at an AISC of between A$990/oz and A$1 060/oz for the full year.
Evolution ended the quarter with a cash balance of A$58.3-million.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation