Evolution Mining Limited (AU:EVN) has released an update.
Evolution Mining Limited reported a 7.5% increase in group cash flow, reaching $85 million, alongside a significant 15% rise in gold production and a 9.6% reduction in All-in Sustaining Costs. The company’s balance sheet is stronger with cash and liquidity rising to $215 million and $740 million, respectively, while gearing dropped to 28%. Noteworthy accomplishments include Ernest Henry’s full repayment of acquisition costs, the successful first full quarter of ownership for Northparkes, and the Cowal underground mine commencing commercial production.
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