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EVOLUTION MINING LIMITED — Board/Management Information 2024
Dec 19, 2024
64885_rns_2024-12-19_d7936691-c29d-4f97-81c9-d267fd5e1fb1.pdf
Board/Management Information
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Evolution Mining Limited
ABN 74 084 669 036
Sydney Office P +61 2 9696 2900 F +61 2 9696 2901 Level 24 175 Liverpool Street Sydney NSW 2000
ASX Announcement
20 December 2024
Leadership Team Update
Evolution Mining Limited (ASX: EVN) (‘Evolution’ or ‘the Company’) wishes to inform that Evolution’s Chief Financial Officer, Barrie Van der Merwe, has decided to leave the Company to pursue another opportunity within the industry. The decision was based on a number of factors including personal circumstances in terms of job location.
Mr Van der Merwe joined Evolution on 1 March 2023 and has played an important role in continuing the previous work on the Company’s financial position. This included securing a $600M refinancing in June 2023, successful debt financing of the Northparkes acquisition in December 2023 ($200M), ongoing deleveraging of the balance sheet, and driving operational efficiencies to support increased cash generation.
A search to identify an appropriate replacement is underway. Mr Van der Merwe will remain in the role until late March 2025 to ensure a seamless and efficient transition.
Managing Director and Chief Executive Officer, Lawrie Conway, said:
“Barrie has made a very good contribution to Evolution in his time with us and, on behalf of the Board and management, I thank him and wish him every success in his future endeavours.”
Approval
This announcement is authorised by Evolution Mining’s Executive Chair, Jake Klein.
For further information please contact:
| Investor enquiries | Media contact |
|---|---|
| Peter O’Connor | Michael Vaughan |
| General Manager Investor Relations | Media Relations |
| Evolution Mining Limited | Fivemark Partners |
| T +61 2 9696 2933 | T +61 422 602 720 |
About Evolution Mining
Evolution Mining is a leading, globally relevant gold miner. Evolution operates six mines, comprising five whollyowned mines – Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, and an 80% share in Northparkes in New South Wales. Financial Year 2025 gold production guidance is 710,000 – 780,000 ounces and copper production of 70,000 to 80,000 tonnes at an All-in Sustaining Cost range of $1,475 - $1,575 per ounce.
Evolution Mining Limited