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Evolution Mining Ltd.
Summary
| Project: | Cowal | |
|---|---|---|
| Deposit: | Cowal | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-10-2019: Evolution Mining Ltd. announces an Exploration/Drilling Update report for its Cowal deposit at the Cowal project. Drilling results incl. 105m @ 3.26g/t Au from 1115m. Group Total Recordable Injury Frequency (TRIF) at 30 September 2019 was 9.3 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: James Biggan (Internal) | |
| ABSTRACT: | Group Total Recordable Injury Frequency (TRIF) at 30 September 2019 was 9.3 (30 June 2019: 8.3). Evolution conducted safety resets across all its operations during the quarter to refocus the Company’s efforts on improving safety performance. Group gold production for the September 2019 quarter was 191,967 ounces (Jun qtr: 194,886oz) at an AISC of A$1,018/oz (Jun qtr: A$915/oz). Using the average AUD:USD exchange rate for the quarter of 0.686, Group AISC equated to US$698/oz – which continues to rank Evolution among the lowest cost gold producers in the world. Evolution delivered record mine operating cash flow and net mine cash flow of A$278.7 million and A$207.4 million respectively (Jun qtr: A$215.2M; A$152.2M). Mine capital expenditure was A$71.3 million (Jun qtr: A$63.0M). | |
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