Cowal

Cowal Gold Operations is a world-class open pit gold mine site located 350km west of Sydney and operated by Evolution since July 2015, on the traditional lands of the Wiradjuri people. Cowal produced 312,644 ounces at an AISC of $1,338 per ounce. Operating cash flow was $604.9 million, sustaining capital was $38.6 million, and major capital was $108 million.

Mungari

Mungari Operations is located 600km east of Perth and 20km west of Kalgoorlie in Western Australia, on the lands of the Marlinyu Ghoorlie people and other knowledge holders. In FY24, Mungari produced 123,673 ounces of gold at an average AISC of $2,536 per ounce. Operating mine cash flow improved to $122.9 million.

Ernest Henry

Ernest Henry Operations is a large-scale, long-life, copper-gold asset located 38km north-east of Cloncurry, Queensland, on the traditional lands of the Mitakoodi people. The operations commenced as an open pit mine in 1998 and transitioned to underground mining in 2011. The operation achieved full-year production in FY24 of 78,763 ounces of gold and 52,057 tonnes of copper, at a negative AISC of $2,124 per ounce.

Mt Rawdon

Mt Rawdon Operations is located 75km south-west of Bundaberg, Queensland and is surrounded by the traditional lands of the Bailai, Gurang, Gooreng Gooreng, and Taribelang Bunda peoples. Mt Rawdon produced 68,635 ounces of gold at an AISC of $2,165 per ounce in FY24. Operating mine cash flow was $77.9 million, sustaining capital was $3.2 million.

Northparkes

Northparkes Operations include a copper-gold mine located 27km north-west of Parkes in New South Wales, Australia, situated on the traditional lands of the Wiradjuri people. In December 2023, Evolution Mining acquired an 80 percent interest in Northparkes joining the Sumitomo Group in a longstanding Joint Venture. Northparkes produced 20,284 ounces of gold and 15,805 tonnes of copper during the period 16 December 2023 to 30 June 2024, at an AISC of $(2,726) per ounce (Evolution’s 80% attributable share). Operating cash flow of $152.3 million and net mine cash flow of $74.2 million was achieved for the period, after delivering on stream obligations to Triple Flag.

Red Lake

Red Lake Operations is an underground gold mine in north-western Ontario and is situated in one of the highest-grade Archean gold camps in Canada, on the traditional lands of the Wabauskang and Lac Seul First Nations, acquired in April 2020. In FY24, Red Lake produced 112,700 ounces of gold at an AISC of $2,802 per ounce. Operating mine cash flow was $98.9 million, sustaining capital was $40.1 million and major capital was $168 million.