Evolution Mining Extends Cowal Operation to 2042 with New Project Approval

An update from Evolution Mining Limited ( (AU:EVN) ) is now available.

Evolution Mining Limited’s Board has approved the Cowal Operations Open Pit Continuation project, extending the operation until 2042. This project is expected to generate a significant return on investment, contributing an additional 2 million ounces of gold production. The expansion will involve further mining at the existing E42 pit and the development of three new satellite pits. The project, with a capital investment of $430 million, is anticipated to enhance shareholder returns and provide substantial economic benefits to stakeholders.

More about Evolution Mining Limited

Evolution Mining Limited is a prominent company in the mining industry, primarily focusing on gold production. The company operates several mining projects, with a significant emphasis on extending the life and productivity of its existing operations.

YTD Price Performance: 62.59%

Average Trading Volume: 6,914

Technical Sentiment Signal: Strong Sell

Current Market Cap: $9.7B

See more data about EVN stock on TipRanks’ Stock Analysis page.