Evolution Mining Reports Dip in Gold Production for December Quarter

  • Jan 29, 2020 AEDT
  • Team Kalkine

Evolution Mining Limited (ASX: EVN) has reported gold production for the December 2019 quarter of 170,890 ounces down from 191,967 ounces in the third quarter, at an AISC of A$1,069/oz. As at 31 December 2019, the company was debt free and had cash in the bank of A$170.3 million after repaying outstanding bank debt of A$275.0 million

Other key highlights:

  • Mine operating cash flow of A$233.1 million;
  • Net mine cash flow of A$144.4 million;
  • FY20 gold production is expected to be around 725,000 ounces at an AISC guidance of A$940 – A$990 per ounce.

At AEDT 12:45PM, the stock was trading at $3.775 per share, down by 2.202% from its previous close.



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