Evolution Mining

Evolution Mining chairman Jake Klein is optimistic that gold will remain robust in the long term despite dipping prices from the positive development of a COVID-19 vaccine.

STEM skills development is attracting attention from mining companies across Australia. Vanessa Zhou looks into what South32, Gold Industry Group and Evolution Mining are doing in this space.

Northern Star Resources and Saracen Mineral Holdings’ announcement of a $16 billion merger has brought anticipation for the rise of a new top 10 global gold producer, with signs there may be more mergers and acquisitions (M&A) in the gold sector.

Evolution Mining is tracking ahead of its 2021 financial year plan, with production totalling 170,021 ounces during the September quarter across its Australian and Canadian operations.

Evolution Mining executive chairman Jake Klein has backed the potential for future development of the company’s mid-tier gold assets.

Evolution Mining has resumed operations at the Red Lake gold mine in Ontario, Canada, after the company was forced to suspend operations last week due to the threat of a nearby forest fire.

Evolution Mining has set gold production targets for the next three years, which will be largely driven by the Cowal and Red Lake mines in New South Wales and Canada, respectively.

Evolution Mining has evacuated its workforce at the Red Lake underground operation in Ontario, Canada following the threat of a nearby forest fire.

Aeris Resources has surpassed its production expectation for the Cracow gold mine in Queensland within a month of acquiring the site from Evolution Mining.

Evolution Mining has accelerated the development of an underground mine at the Cowal gold operation in New South Wales, culminating in the early declaration of a maiden ore reserve.

Aeris Resources has committed $13 million for exploration at the Cracow gold mine in Queensland over the next two years after completing a takeover of the mine.

ORBIZ helps companies to streamline their operations to deliver significant and sustainable improvements in bottom line performance. Australian Mining finds out how the ORBIZ methodology has enabled Evolution Mining to optimise operations and maximise value at the Mungari gold mine in Western Australia.

Evolution Mining has cut around 75,000 ounces of gold from its Mt Carlton life of mine plan.

Evolution Mining has agreed to sell the Cracow gold mine in Queensland to junior producer Aeris Resources in a deal worth up to $125 million.

Musgrave Minerals has noted impressive results for its drilling campaign at the Cue project in the Murchison district of Western Australia.

Evolution Mining has confirmed media speculation that it is evaluating the divestment of the Cracow gold mine in Queensland.

Evolution Mining has hit its guidance during the March 2020 quarter, stating it experienced no material impact from the coronavirus pandemic.

Australian gold prices have hit seven-year highs yet again, with ABC Bullion recording a price of $2712.49 per ounce last week, before dropping over the weekend and settling back at $2672.78.

Evolution Mining has finalised its acquisition of the Red Lake gold mine in Ontario, Canada from Newmont for a total consideration of $US375 million ($612 million).

Evolution Mining has continued to battle with New South Wales’ severe drought conditions at the company’s number one operation, the Cowal mine.