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.
Evolution Mining has lifted its production for the current financial year to 362,857 ounces, but water restrictions across New South Wales could make the March quarter a challenge.
Evolution Mining is the latest Australian gold miner to target North America for expansion after securing a deal to acquire the Red Lake Gold Complex in Canada from Newmont Goldcorp.
Evolution Mining chairman Jake Klein is backing mining’s value, saying the sector has brought Australia to its past economic prosperity.
The advanced technology company has rapidly established its Production Optimiser system in the gold Industry over the past 18 months by collaborating with the sector’s leading companies.
Evolution Mining has finished the September quarter with record financial results on the back of the surging Australian dollar gold price.
Ramelius Resources has received approval for a clearing permit at the Greenfinch open pit project from the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS).
Evolution Mining has formed a joint venture with Musgrave Minerals over the Lake Austin portion of the Cue gold-copper project in Western Australia.
Explorer and project developer Empire Resources has acquired Evolution Mining’s interest in the Yuinmery tenements in Western Australia.
Evolution Mining has partnered with the Johnathan Thurston Academy (JTAcademy) to improve access to employment and training opportunities for local and indigenous people.
The Australian dollar gold price has moved above $2300 an ounce for the first time in history as fears surrounding the United States–China trade wars have again impacted global economic markets.
Evolution Mining has benefited from its sustained growth throughout the 2019 financial year, increasing the dividend provided to shareholders by 50 per cent.
Evolution Mining plans to significantly ramp up operational expansion and exploration despite reporting higher than anticipated costs for the 2019 financial year.
St Barbara managing director and CEO Bob Vassie says that the company’s upcoming takeover of Canadian company Atlantic Gold “ticks all the boxes” for St Barbara’s strategy.
South32 has awarded a long-term engineering services contract at the Worsley Alumina bauxite operations in Western Australia to SRG Global.
Evolution Mining has recorded a significant increase to its gold reserves following continued works on the underground expansion of the Cowal gold operation in New South Wales.
Goldcorp’s shareholders have voted overwhelmingly in favour of the company’s proposed $US10 billion ($14 billion) merger with Newmont Mining.
SRG Global has received a three-year drill-and-blast services contract with Evolution Mining at several of its Australian gold mines.
Evolution Mining has entered into a joint venture (JV) agreement with Enterprise Metals over the latter’s large, early-stage Murchison exploration project in central Western Australia.