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Gold producer Evolution Mining used its 2023 investor day on Monday to unveil a series of significant announcements, including news about life extensions at two of its Australian mines. At Mungari, Evolution has committed $250-million for a process plant expansion that will unlock a large regional resource base, lower all-in sustaining costs (AISC) and boost production, CEO Lawrie Conway said. ....
Evolution Mining to expand two gold mines in Australia mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Northern Star awards $73.4m contract for Thunderbox expansion project mining-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining-technology.com Daily Mail and Mail on Sunday newspapers.
Northern Star deal propels Evolution toward a million ounces Share Evolution Mining has turbo-charged the growth plan it announced last week by agreeing to pay $400 million for a collection of Northern Star’s mines on the western side of Kalgoorlie. Evolution will fund the deal through a $400 million placement to institutional investors at a 5.4 per cent discount to Wednesday’s share price, and the company will offer a further $50 million of new shares to ordinary shareholders. The transaction will allow Evolution to consolidate a major land package in the famous gold district between Kalgoorlie and Coolgardie by acquiring Northern Star’s wholly-owned Kundana mine and Northern Star’s 51 per cent stake in the neighbouring East Kundana joint venture. ....