Evolution buys a renovator's delight

Evolution Mining has fallen in to step with the rest of the Aussie gold pack by picking up what it is believes is a renovator’s delight in the North American market with its US$375 million acquisition from Newmont Goldcorp of the historic Red Lake gold camp in Canada, writes Barry FitzGerald.

Evolution buys a renovator's delight Evolution buys a renovator's delight Evolution buys a renovator's delight Evolution buys a renovator's delight Evolution buys a renovator's delight

The Red Lake complex in Ontario

Like Northern Star with last year's $260 million Pogo acquisition in Alaska, and similar in ways to Newcrest's $804 million acquisition of a 70% stake in the Red Chris copper-gold mine in Canada