Evolution Mining
{{Short description|Mining company in Australia}}
{{Use dmy dates|date=May 2021}}
{{Infobox company
| name = Evolution Mining Ltd
| logo = Evolution Mining logo.png
| logo_size =
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| type = Public company
| traded_as = {{asx|EVN}}
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| founded = 2011 in Australia
| founders = Lachy
| defunct =
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| hq_location =
| hq_location_city = Sydney
| hq_location_country = Australia
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| areas_served = Australia
| key_people = Jake Klein (Executive Chairman)
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| revenue = {{increase}} A$1,949.1 million {{small|(2020)}}{{cite web|title=EVN Report 2020|url=https://evolutionmining.com.au/wp-content/uploads/2020/10/2020-Annual-and-Sustainability-Report.pdf}}
| revenue_year = 2020
| operating_income =
| income_year =
| net_income = {{increase}} A$405.3 million {{small|(2020)}}{{cite web|title=EVN Report 2020|url=https://evolutionmining.com.au/wp-content/uploads/2020/10/2020-Annual-and-Sustainability-Report.pdf}}
| aum =
| assets = {{profit}} A$3,674.6 million {{small|(2020)}}{{cite web|title=EVN Report 2020|url=https://evolutionmining.com.au/wp-content/uploads/2020/10/2020-Annual-and-Sustainability-Report.pdf}}
| assets_year = 2020
| num_employees = 2,099{{cite web|title=EVN Report 2020|url=https://evolutionmining.com.au/wp-content/uploads/2020/10/2020-Annual-and-Sustainability-Report.pdf}}
| num_employees_year = 2020
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| homepage = {{URL| https://evolutionmining.com.au/}}
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Evolution Mining is an Australian gold mining company with projects across Australia and in Ontario, Canada.
Evolution owns and operates mines at Cowal and Northparkes, New South Wales; Mt Rawdon and Ernest Henry, Queensland; Mungari, Western Australia; and Red Lake, Ontario.
Mine locations
The Cowal gold operation is an open-pit gold operation approximately 350 km west of Sydney. Evolution's former Mt Carlton operation is approximately 150 km south of Townsville, Queensland. The Mungari gold operation is approximately 600 km east of Perth and 20 km west of Kalgoorlie in Western Australia. The Ernest Henry copper-gold operation is operated by Glencore. It also operates the Red Lake mine, which is an underground gold mine in Northwestern Ontario, Canada.
The Mt. Rawdon open pit gold mine is approximately 75 km south-west of Bundaberg, Queensland, and is planned for a pumped hydroelectric project,{{cite web |last1=Hall |first1=Max |title=Australian state backs 20 GWh pumped hydro project |url=https://www.ess-news.com/2025/04/09/australian-state-backs-20-gwh-pumped-hydro-project/ |website=Energy Storage |date=9 April 2025}} potentially using the Perry River Dam.
= History =
This growth has seen it become a mid-tier Australian mining company and 52 on the ASX top 200 Australian publicly listed companies.{{Cite web|title=Evolution Mining Ltd (ASX:EVN) Share Price - Market Index|url=https://www.marketindex.com.au/asx/evn |access-date=2021-05-28|website=MarketIndex.com.au|language=en}}
In April 2015, Evolution completed the buy-out of La Mancha Resources Australian operations, valued at A$300 million, and thereby acquired the Frog's Leg and White Foil gold mines as well as the nearby processing plant at the Mungari.{{cite news |last=Beattie |first=Fraser |date=20 April 2015 |title=Evolution in 300 million La Mancha buy |url=https://www.businessnews.com.au/article/Evolution-in-300m-La-Mancha-buy |publisher=Business News |location= |access-date=17 April 2022 }} Mining at Frog's Leg is carried out in an underground operation while White Foil is an open pit operation, with the ore processed at the Mungari plant, which was constructed in 2013–14.{{cite web |title=Mungari Operation fact sheet |url=https://evolutionmining.com.au/wp-content/uploads/2022/03/Mungari-fact-sheet-FY22.pdf |website=evolutionmining.com.au |publisher=Evolution Mining |access-date=17 April 2022}}
In May 2021 the company acquired Toronto Stock Exchange-listed Battle North Gold for CAD$343 million for its Bateman (formerly Phoenix) gold project near Red Lake, Ontario.{{cite web |url=https://www.northernontariobusiness.com/industry-news/mining/australian-gold-miners-take-a-bigger-chunk-of-red-lake-3543704 |title= Australian gold miner takes a bigger chunk of Red Lake |publisher=Northern Ontario Business |date=March 14, 2021}}{{cite web |url=https://www.northernontariobusiness.com/industry-news/mining/evolution-mining-seals-the-deal-on-battle-north-acquisition-in-red-lake-3801944 |title= Evolution Mining seals the deal on Battle North acquisition in Red Lake |publisher=Northern Ontario Business |date=May 21, 2021}}
References
{{reflist|30em}}
External links
- {{Official website|https://evolutionmining.com.au/}}
{{S&P/ASX 200}}
Category:Gold mining companies of Australia
Category:Companies based in Sydney
Category:Companies listed on the Australian Securities Exchange