Evolution Mining Produced 170,890 ounces of Gold in December 2019 Quarter

  • Jan 10, 2020 AEDT
  • Team Kalkine

Evolution Mining Limited (ASX:EVN) has provided preliminary December 2019 quarter results.

Key highlights are:

  • The total gold production stood at 170,890 ounces at an All-in Sustaining Cost (AISC) of $ 1,069 per ounce;
  • Group mine operating cashflow stood at $233.1 million and net mine cashflow stood at $144.0 million;
  • The company achieved gold price of $2,091 per ounce compared to current spot gold price of $2,267 per ounce;
  • The company ended the quarter debt free and with cash at bank of $170.3 million after repaying outstanding bank debt of $275.0 million.

At AEST 12:58PM, the stock was trading at $3.465 per share, down by 9.055% from its previous close.



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