Evolution shares slump as miner falls short

SHARES in Evolution Mining were sold off this morning after the company said it expected lower production and higher costs in the current financial year.

Evolution shares slump as miner falls short Evolution shares slump as miner falls short Evolution shares slump as miner falls short Evolution shares slump as miner falls short Evolution shares slump as miner falls short

Evolution executive chairman Jake Klein

The company previously forecast a June quarter production increase of about 22%, which would have allowed it to meet its revised full-year guidance of 650,000 ounces of gold.