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Evolution Mining approves $165m expansion of Australian gold mine

From mining-technology.com

The board of Australia’s Evolution Mining has approved a $165m (A$250m) expansion of its Mungari gold mine following the completion of a pre-feasibility study. The investment will extend the mine’s operational life by 17 years to 2038. It involves the construction of a process plant to increase the mine’s throughput from two million tonnes per annum (mtpa) to 4.2mtpa. Evolution managing director and CEO Lawrie Conway said: “Mungari has demonstrated its capacity to consistently and reliably deliver approximately 135,000oz per annum in recent years. “This plant expansion unlocks the very large regional resource base, ... (full story)

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  • Category: Fundamental Analysis