Evolution in great shape

EVOLUTION Mining has posted record low all-in sustaining costs and its third consecutive quarter of operating mine cashflow above A$200 million.

Evolution in great shape Evolution in great shape Evolution in great shape Evolution in great shape Evolution in great shape

Gold production was 186,488 ounces, down from 220,971oz in the September quarter due to the sale of the Edna May mine in October.

All-in sustaining costs dropped to A$784 per ounce or US$602/oz, which executive chairman Jake Klein said made the company one of the world’s lowest-cost producers – if not the lowest-cost.

“We’ve upgraded the properties in our portfolio and we now have some of the best houses in the street,” he said.

The company is comfortably on track to be at the top end of the full-year guidance of 750,000-805,000oz.

Klein said Cowal, Ernest Henry and Mt Carlton were on track to beat full-year guidance.

AISC is expected to be below t...