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Jake Klein
Jake Klein

Evolution swings to A$50m profit on higher output

Gold major Evolution Mining swung to a profit in the financial year ended June 30, on the back of a 9% increase in gold production and reduced capital expenditure. Evolution reported profit of A$50-million, compared with a net loss of...
28th August 2014

Suitable assets not easy to find, says Evolution chair

Despite the notion that high value assets were available for purchase, given the current market conditions, Australian gold miner Evolution Mining on Tuesday inferred that it was finding it difficult to secure a suitable asset. “We have looked...
5th August 2014

Evolution breaks production records in full year

Gold miner Evolution Mining has reported record gold production during the 2014 financial year, with the company meeting its production expectations. During the financial year to June 30, Evolution produced 427 703 oz of gold equivalent, up 9% on...
4th July 2014

Evolution vows to dig deeper for gold

Australian gold miner Evolution Mining said on Wednesday that would more than double its exploration push in 2015, compared with the exploration undertaken in 2014. The miner said about 80 000 m would be drilled at the company’s exploration...
25th June 2014

Evolution keen to explore in Tennant Creek

Gold miner Evolution Mining has entered into a farm-in and joint venture (JV) agreement with fellow-listed Emmerson Resources over the Tennant Creek mineral field, in the Northern Territory, in a deal valued at up to A$28.87-million. Under the...
12th June 2014

Evolution on track to meet FY guidance, may consider Edna May divestment

Gold miner Evolution Mining has reported a solid quarter of production, and remains on track to reach its full-year production target of between 400 000 oz and 450 000 oz of gold. During the March quarter, Evolution delivered 101 408 oz of gold...
17th April 2014

Falling gold price chomps on Evolution profits

Mid-tier gold miner Evolution Mining on Friday reported a 13% decline in net profits for the interim period ending December, as the miner faced a falling gold price. During the six months under review, net profits decreased to A$35.4-million,...
21st February 2014

Evolution hedges its bets at Edna May

Gold miner Evolution Mining has forward sold 156 281 oz of gold, at an average price of A$1 598/oz to underwrite the capital programme at its Edna May mine, in Western Australia. The ASX-listed miner said on Monday that the objective of the gold...
2nd September 2013

Evolution output jumps 40% but posts FY loss on impairment

Gold miner Evolution Mining has reported a 29% year-on-year increase in revenue for the full year ended June, on the back of a 40% production increase. Evolution on Friday announced revenue of A$605-million, following production of 392 920 oz of...
30th August 2013

Evolution declares commercial production at Mt Carlton

Gold miner Evolution Mining has declared commercial production at its Mt Carlton operation, in Queensland, following a successful commissioning period. The mine was officially opened in April this year, while production from the silver-rich A39...
18th July 2013

Evolution produces first concentrate at Mt Carlton

Gold miner Evolution Mining has produced the first concentrate at its Mount Carlton gold-silver-copper mine, in north Queensland, following the commissioning of the 800 000 t/y plant. The miner said on Monday that the company would now focus on...
25th March 2013

Evolution triples interim profits

Gold miner Evolution Mining nearly tripled its underlying net profit for the six months to December, as production and revenue for the interim period increased. Underlying net profit for the six months under review reached A$40.6-million,...
21st February 2013
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