Evolution increases gold production in June quarter, says Red Lake mine output up 17% kitconews gold silver metals finance economics investing mining
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The company said that in Australia, Cowal gold production increased 14% to 60,899oz, Ernest Henry gold and copper production were both higher this quarter, Mungari production increased to 35,561oz of gold , and Mt Rawdon produced 16,304oz of gold . Importantly, the company noted that consistent mining performance contributed to the Campbell and Red Lake plants achieving a record for quarterly ore processing at 258,000 tonnes. This, along with an 8% higher processed grade, lifted production 17% from the prior quarter to 38,620 ounces, Evolution said.
The company’s gold production is expected to grow by 25% over next two years: Guidance for FY23 is an increase of 12% to around 720,000 ounces +/- 5%, with FY24 outlook increasing a further 11% to 800,000 ounces +/- 5%.
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