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.