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Evolution Mining Provides December 2019 Quarterly Report

29 Jan 2020  |  08:58:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: December 2019 Quarterly Report

Evolution Mining provided December 2019 quarterly report. Group Total Recordable Injury Frequency (TRIF) at 31 December 2019 improved to 8.4 (30 September 2019: 9.3). It was debt free and had cash in the bank of A$170.3m after repaying outstanding bank debt of A$275.0m. It announced the acquisition of the high grade, long life Red Lake gold complex in Ontario, Canada from Newmont. It will pay US$375m in cash and up to an additional US$100m payable upon new resource discovery.

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