Upbeat Evolution flags higher 2018 cash flow

Original article by Tess Ingram
The Australian Financial Review – Page: 18 : 17-Oct-17

Evolution Mining produced 220,971 ounces of gold in the September 2017 quarter, which is 1.3 per cent higher than in the three months to June. The gold miner has reported an all-in sustaining cost of $US620 ($A786) per ounce for the latest quarter. Evolution’s operating cash flow rose to a record $707m in 2016-17, and finance director Lawrie Conway believes that this can increase by 15-20 per cent in 2017-18. This is despite the recent sale of the Edna May mine to Ramelius Resources.

CORPORATES
EVOLUTION MINING LIMITED – ASX EVN, RAMELIUS RESOURCES LIMITED – ASX RMS, GLENCORE PLC, BARRICK GOLD CORPORATION, RBC CAPITAL MARKETS

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