Evolution Mining Limited ( (AU:EVN) ) has issued an announcement.
Evolution Mining Limited announced a significant development in its Mt Rawdon Pumped Hydro Project, with the Queensland Government, through CleanCo Queensland Limited, committing to invest in the project. This initiative, a joint venture between Evolution and ICA Partners, aims to transform the Mt Rawdon mine into a pumped hydro facility post-mining operations, providing low-cost green energy and job opportunities in Queensland. The project is expected to play a crucial role in the state’s transition to renewable energy by offering long-term energy storage solutions.
More about Evolution Mining Limited
Evolution Mining is a leading global gold mining company with operations across Australia and Canada. The company operates six mines, including Cowal, Ernest Henry, Mt Rawdon, Mungari, Red Lake, and holds an 80% share in Northparkes. For the financial year 2025, Evolution’s gold production is projected to be between 710,000 and 780,000 ounces, with copper production estimated at 70,000 to 80,000 tonnes.
YTD Price Performance: 38.95%
Average Trading Volume: 6,122
Technical Sentiment Signal: Strong Sell
Current Market Cap: $8.36B
See more data about EVN stock on TipRanks’ Stock Analysis page.