Evolution Mining Limited ( (AU:EVN) ) has shared an update.
Evolution Mining Limited has commenced commissioning the expanded Mungari mill, increasing its capacity from 2 million to 4.2 million tonnes per annum. This expansion, completed nine months ahead of schedule and 9% under budget, extends Mungari’s mine life to at least 2038 and boosts annual production by 50% to approximately 200,000 ounces. This milestone secures Mungari’s long-term future and enhances Evolution’s position as a major cash contributor.
More about Evolution Mining Limited
Evolution Mining Limited is a leading global gold miner operating six mines, including five wholly-owned mines in Australia and Canada, and an 80% share in Northparkes in New South Wales. The company has a gold production guidance of 710,000 – 780,000 ounces and copper production of 70,000 to 80,000 tonnes for the financial year 2025.
YTD Price Performance: 54.63%
Average Trading Volume: 6,279
Technical Sentiment Signal: Sell
Current Market Cap: $8.9B
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