Gold miners pounce on exploration sites

Original article by Tess Ingram
The Australian Financial Review – Page: 16 : 18-Oct-16

Evolution Mining will pay $A3m for Newcrest Mining’s Marsden copper and gold project in New South Wales. The deal includes provision for an additional payment of $A7m should Evolution commence mining within the next 10 years. Evolution has also announced that its total gold output for the September 2016 quarter was 205,307 ounces. Meanwhile, Saracen Mineral Holdings has secured an exploration joint venture with AngloGold Ashanti at two of the former’s gold tenements in Western Australia.

CORPORATES
EVOLUTION MINING LIMITED – ASX EVN, NEWCREST MINING LIMITED – ASX NCM, SARACEN MINERAL HOLDINGS LIMITED – ASX SAR, ANGLOGOLD ASHANTI LIMITED – ASX AGG

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