Evolution confirms Cracow's possible sale

2nd June 2020 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – Gold miner Evolution Mining has confirmed that it is evaluating the possible divestment of its Cracow gold mine, in Queensland.

The miner on Tuesday said that a key objective of its business strategy was to improve the quality of its asset portfolio over time, including the continuous evaluation of a wide range of acquisition and divestment opportunities that the company believed were in the best interest of shareholders.

Evolution noted that the sale of the Cracow asset would be consistent with this strategy.

However, the miner added that no agreement had been entered into at this stage regarding the divestment of the asset.

Gold production at Cracow in the March quarter reached 22 227 oz, at an all-in sustaining cost of A$1 150/oz. The mine reported mill throughput of 133 000 t for the quarter, with a record throughput of 51 600 t achieved in the month of March.