https://www.miningweekly.com

Evolution breaks production records in full year

Evolution breaks production records in full year

Photo by Bloomberg

4th July 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – 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 the previous financial year, and within the targeted production range of 400 000 oz  to 450 000 oz.

The Mt Carlton mine, in Queensland, out-produced expectations, delivering 87 952 oz during the full year, while the other Queensland mines - Cracow, Mt Rawdon and Pajingo - delivered 95 064, 10 775 oz and 60 776 oz, respectively. The Edna May mine, in Western Australia, delivered 80 165 oz of gold during the full year to June.

“Since inception in November 2011, Evolution has built a strong reputation for reliability and predictability. It is very pleasing to have again delivered a production result that is consistent with our original market guidance,” said Evolution executive chairperson Jake Klein.

He noted that the production was a testament to the benefits of a diverse portfolio of assets, which allowed Evolution to deliver a level of operational predictability that was not possible with single-asset companies.

Group production for the three months to June reached 11 899 oz gold equivalent, which exceeded guidance.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.054 0.447s - 128pq - 2rq
Subscribe Now