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EVOLUTION MINING LIMITED — Regulatory Filings 2021
Oct 5, 2021
64885_rns_2021-10-05_ef6bbd98-9c2f-41b6-ac3c-2beaae8fee5d.pdf
Regulatory Filings
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ABN 74 084 669 036
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ASX Announcement
Sydney Office P +61 2 9696 2900 F +61 2 9696 2901 Level 24 175 Liverpool Street Sydney NSW 2000
www.evolutionmining.com.au
6 October 2021
CORRECTION TO FY22 GROUP COST GUIDANCE
Evolution Mining Limited (ASX:EVN) (“Evolution”) advises a correction to the group All-in Sustaining Cost (“AISC”) which was released on 5 October in relation to the divestment of Mt Carlton gold mine. The update to the FY22 AISC incorrectly calculated the impact of higher by-product credits that were planned for production at Mt Carlton in the second half of FY22. The impact for FY22 is a lowering of group AISC by A$20/oz (rather than A$40/oz) and corrected group FY22 AISC guidance is A$1,200 – A$1,260/oz. There are no other changes to the FY22 Guidance and Three Year outlook.
For completeness the FY22 guidance by operation are shown below.
| AISC | Sustaining Capital | Major Capital | ||
|---|---|---|---|---|
| FY22 Guidance | Gold production (oz) | |||
| **(A$/oz) * ** | (A$M) ** |
(A$M) ** |
||
| Cowal | 230,000 – 250,000 | 1,180 – 1,220 | 35.0 – 40.0 | 260.0 – 280.0 |
| Red Lake | 155,000 – 165,000 | 1,600–1,660 | 55.0 – 60.0 | 130.0 – 155.0 |
| Mungari | 115,000 – 125,000 | 1,750 – 1,800 | 15.0 – 22.5 | 25.0 – 40.0 |
| Mt Rawdon | 75,000 – 80,000 | 1,470 – 1,520 | 5.0 – 10.0 | 12.5 – 17.5 |
| Mt Carlton* | 15,000 | 1,830 | 3.0 | 2.5 |
| Ernest Henry | 80,000 – 90,000 | (780) – (720) | 10.0 – 12.5 | 0 |
| Corporate | 70 – 75 | |||
| Group | 670,000 – 725,000 | 1,200 – 1,260 | 123.0 – 148.0 | **430.0 – 495.0 ** |
- AISC assumes A$2,200/oz Au and A$11,000/t Cu for royalties and by-products **Corporate capital of A$3M (Sustaining) and A$2M (Major) not included above *** Estimated September 2021 quarter performance
This announcement has been authorised for release to the ASX by the Executive Chairman.
For further information please contact:
Martin Cummings Michael Vaughan General Manager Investor Relations Media Relations Evolution Mining Limited Fivemark Partners Tel: +61 2 9696 2900 Tel: +61 422 602 720
About Evolution Mining
Evolution Mining is a leading, globally relevant gold miner. Evolution operates four wholly-owned mines, post completion of this divestment – Cowal in New South Wales, Mungari in Western Australia, Mt Rawdon in Queensland, and Red Lake in Ontario, Canada. In addition, Evolution holds an economic interest in the Ernest Henry copper-gold mine in Queensland.