Evolution Mining Limited
About Evolution Mining Limited
Overview
Evolution Mining Limited is a leading, growth-focused Australian gold miner with operations and projects spanning Australia and Canada. The company was established in 2011 and has grown through a combination of operational improvements at acquired assets and strategic transactions. Evolution maintains a portfolio of long-life, low-cost operations producing over 700,000 ounces of gold annually.
Operations
Evolution operates six gold mines: Cowal (New South Wales), Red Lake (Ontario), Mungari including KKGM operations (Western Australia), Mt Rawdon (Queensland), Mt Carlton (Queensland), and Ernest Henry copper-gold mine (Queensland, 100% owned). The company is also developing the Northparkes copper-gold acquisition. Operations span multiple jurisdictions providing geographic diversification.
Strategy
The company's strategy emphasizes maximizing value from existing operations through operational improvements and cost management, growing through brownfield expansions at existing assets and selective acquisitions, maintaining exploration programs to extend reserve life and discover new deposits, delivering sustainable returns to shareholders through dividends, and pursuing opportunities in copper-gold assets given the energy transition megatrend.
Key Projects
Major projects include the Cowal expansion which has significantly increased production and extended mine life, Red Lake optimization following the acquisition from Newmont, development of additional mining areas at Mungari, potential expansions at Ernest Henry, and advancing the Northparkes copper-gold asset following its acquisition. Evolution maintains active exploration programs across all operating districts.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- EVN.AX
- Market Cap
- Mid Cap
- Category
- Gold
- Commodities
- Gold, Silver, Copper
- Headquarters
- Sydney, Australia
- Founded
- 2011
- Employees
- ~2,600
Operating Countries
Producing Assets
- •Cowal (Australia)
- •Red Lake (Canada)
- •Mungari (Australia)
- •Mt Rawdon (Australia)
- •Mt Carlton (Australia)
- •Ernest Henry (Australia)
Development Assets
- •Northparkes (Australia)
- •Cowal Expansion (Australia)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.