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Evolution Mining Ltd (ASX:EVN) was formed in November 2011 and is one of Australia’s largest gold miners. It owns five mines, being Cowal in New South Wales, Cracow, Mt Carlton and Mt Rawdon in Queensland, and Mungari in Western Australia. Evolution also has a stake in the Ernest Henry copper-gold mine that will deliver 100% of future gold and 30% of future copper and silver produced from an agreed life of the mine area. Outside of the life of the mine area Evolution will have a 49% interest in future copper, gold and silver production.
The share price of Evolution Mining (ASX:EVN) is down around 5% after providing an operations update.
If the share market is declining, is cash the best defence? Is cash truly king in that situation?
Shares in gold miner Northern Star Resources Ltd (ASX:NST) are down 8% today following two announcements from the company.
Shares in Evolution Mining Ltd (ASX: EVN) will be on watch today after the company announced an impressive quarterly update to the market this morning.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.14% on Monday.
Shares in ASX gold miners such as Newcrest Mining Limited (ASX:NCM) have tumbled lower today after the spot price for the precious metal fell nearly 2% overnight.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.62% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.26% at lunch.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.31% on Monday.
