Evolution Mining

From Wikipedia, the free encyclopedia
Evolution Mining Ltd
TypePublic company
ASX: EVN
Founded2011 in Australia
Headquarters
Sydney
,
Australia
Areas served
Australia
Key people
Jake Klein (Executive Chairman)
RevenueIncrease A$1,949.1 million (2020)[1] (2020)
Increase A$405.3 million (2020)[1]
Total assetsIncrease A$3,674.6 million (2020)[1] (2020)
Number of employees
2,099[1] (2020)
Websiteevolutionmining.com.au

Evolution Mining is an Australian gold mining company with projects across Australia and in Ontario, Canada.

Evolution owns and operates mines at Cowal, New South Wales; Mt Carlton, Mt Rawdon, and Ernest Henry, Queensland; and Mungari, Western Australia.

Mine locations[]

The Cowal gold operation is an open-pit gold operation approximately 350 km west of Sydney. The Mt Carlton operation is approximately 150 km south of Townsville, Queensland. The Mt. Rawdon open pit gold operation is approximately 75 km south-west of Bundaberg, 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.[2]

History[]

In 2010 Evolution moved to acquire a site at Mt Carlton in North Queensland that others considered not feasible to develop. Executive Chairman and founder, Jake Klein, and a small management team, pursued a series of deals to form Evolution in November 2011 and turned that initial resource at Mt Carlton into a high-grade open pit gold mine. It has since expanded to five mines in Australia and one in Canada.[3]

This growth has seen it become a mid-tier Australian mining company and 52 on the ASX top 200 Australian publicly listed companies.[4]

Controversies[]

In July 2019 Evolution announced it would have to improve safety at its mines after it had 8.3 injuries per 100 workers over the year, and its safety performance worsened each quarter.[5]

In 2016, Evolution Mining was fined $95,000 after one of its workers was injured at one of its mines.[6]

References[]

  1. ^ a b c d "EVN Report 2020" (PDF).
  2. ^ Reuters Editorial. "EVN.AX - Evolution Mining Ltd Profile | Reuters". www.reuters.comundefined. Retrieved 28 May 2021.
  3. ^ "Our Story – Evolution Mining". evolutionmining.com.au. Retrieved 28 May 2021.
  4. ^ "Evolution Mining Ltd (ASX:EVN) Share Price - Market Index". MarketIndex.com.au. Retrieved 28 May 2021.
  5. ^ "Evolution Mining to refocus on safety". 7NEWS.com.au. 24 July 2019. Retrieved 28 May 2021.
  6. ^ "Evolution Mining fined $95,000 after worker injured at Goldfield mine | Australian Institute of Health & Safety". www.aihs.org.au. Retrieved 28 May 2021.

External links[]

Retrieved from ""