Evolution Mining owns and operates four gold operations with a fifth operation due to come on stream in 2012. Four of the operations are located in Queensland, Australia and one is in Western Australia. Evolution Mining’s diversified portfolio combining production and growth will see it become one of the top three in growth amongst Australian mid market cap gold companies by 2013.
The focus of Evolution Mining is on operating its projects safely and efficiently and developing them to their full potential. Evolution Mining has a 100% interest in its projects which are located in very prospective regions. Evolution Mining expects to be able to extend the mine lives of all of its operations with the progressive development of current projects and continued exploration successes.
In 2011, Evolution Mining’s global Ore Reserves were 3.5 million ounces of gold and Mineral Resources were 6.9 million ounces of gold. Its operating mines were producing over 300,000 ounces of gold per annum with production expected to grow to 410,000 to 465,000 ounces of gold per annum by FY 2013.