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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.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has dropped by 1.49% at lunch.
The ALL ORDINARIES (INDEXASX:XAO)(ASX:XAO) index climbed 0.9% on Wednesday, despite a fall from Commonwealth Bank of Australia (ASX:CBA).
Newcrest Mining Limited (ASX:NCM) reported quarterly gold production up 17% and said it remains on track for a stronger second half.
The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open in positive territory on Tuesday, as the Australian Dollar (A$) (AUDUSD) hovers at 81 US cents.
Newcrest Mining Limited (ASX:NCM) shares have joined fellow ASX-listed gold miners Evolution Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX:NST) in rallying, following a jump in gold prices.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO) has started the day positively in the green.
