Rising gold price makes Evolution think twice about acquisitions

Original article by Brad Thompson
The Australian Financial Review – Page: 18 : 14-Feb-19

Evolution Mining has reported a 2018-19 interim net profit of $92m, down from $122.5m previously. Executive chairman Jake Klein anticipates further consolidation in the gold sector and he says the mid-tier miner is open to acquisitions. However, he stresses that Evolution will only consider assets that enhance the company’s portfolio and add value for shareholders. Meanwhile, Northern Star Resources has posted an interim net profit of $82m and revenue of $633.5m.

CORPORATES
EVOLUTION MINING LIMITED – ASX EVN, NORTHERN STAR RESOURCES LIMITED – ASX NST, BARRICK GOLD CORPORATION, RANDGOLD RESOURCES LIMITED, RBC CAPITAL MARKETS

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