Evolution Mining Ltd Reported the performance for the June Quarter 2018

Consolidated production and sales performance for the June Quarter 2018: Evolution Mining Ltd.’s (ASX: EVN) stock has witnessed a fall of 4.44% on July 19, 2018 after the company for the June 2018 Quarter witnessed Group gold production of 202,254 ounces (Mar qtr: 191,474oz) at an AISC of A$846/oz (Mar qtr: A$768/oz). Further, during the June quarter, the company has posted the record operating mine cash flow of A$221.9 million and net mine cash flow of A$136.0 million. The Group cash balance rose by A$115.2 million to A$323.2 million. The company has reduced the net bank debt by 62% to A$71.8 million (31 Mar 2018: A$187.0M). Moreover, during the June quarter, the drilling at Cowal GRE46 has extended mineralisation with best intercept of 10.0m (7.5m etw) grading 10.0g/t Au. The company acquired Connors Arc exploration project in Queensland during the quarter. Additionally, for FY 19,  EVN projects Group gold production in the range of 720,000 – 770,000 ounces with AISC in the range of A$850 – A$900 per ounce. Meanwhile, EVN stock has fallen 5.41% in one month as on July 18, 2018.


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