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 Australian sharemarket closed at its lowest point in 11 months on Wednesday, hampered by a weak lead-in from Wall Street, and its interest-rate worries.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished down +0.77% to 6890.20.
The Australia share market retreated to a six-month low on Tuesday, as global markets felt the pressure from surging bond yields – despite, in Australia’s case, the Reserve Bank leaving the official cash rate on hold at 4.1 per cent, for a fifth straight month.
The local share market fell for a second straight day on Tuesday, ahead of a flurry of central bank meetings, and following the release of a set of minutes from the Reserve Bank of Australia that were taken as implying that the local central bank is considered raising rates.
Various ASX mining shares have seen their share prices rise this morning, including the BHP Group Ltd (ASX:BHP) share price rising 1.4%.
A positive lead from Wall Street, in which bad news on the economy became good news for stocks, resulted in the S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (INDEXASX: XAO) gaining 1.9 per cent to begin the week.
The S&P/ASX 200 (ASX: XJO) is set to open lower this morning as Ramsay (ASX:RHC) and BHP (ASX:BHP) shares have been making headlines.
It was another weak day for the S&P/ASX 200 (ASX: XJO) on Tuesday as Pendal (ASX:PDL) and Iress (ASX:IRE) shares made headlines.
The S&P/ASX 200 (INDEXASX:XJO) pushed higher on Monday, led by the resources and gold shares, as Crown (ASX:CWN) also made headlines.
