Evolution Mining is a leading, growth-focussed Australian gold miner. Evolution operate five wholly-owned mines – Cowal in New South Wales; Mt Carlton, Mt Rawdon, and Cracow, in Queensland; and Mungari in Western Australia. In addition Evolution holds an economic interest in Ernest Henry, in Queensland, that will deliver 100% of future gold and 30% of future copper and silver produced from an agreed life of mine area. Outside of the life of mine area Evolution will have a 49% interest in future copper, gold and silver production from Ernest Henry.
In FY18 Evolution produced 801,187 ounces of gold at an AISC of A$797 per ounce to reach seven consecutive years of achieving production and cost guidance. Evolution has guided FY19 Group gold production of 720,000 – 770,000 ounces at an All-in sustaining cost of A$850 – A$900 per ounce of gold.
Evolution Mining was created in late 2011 to form a mid-tier Australian gold producer through the merger of Catalpa Resources Ltd and Conquest Mining Ltd and the concurrent acquisition of Newcrest Mining’s interests in the Cracow and Mt Rawdon mines. The Company has continued to grow through acquisition, completing the acquisition of Cowal in July 2015 and Mungari in August 2015.
Evolution has a reputation for consistency and reliability. It has a track record of consistently achieving production and cash cost guidance.
As a result of our achievements, Evolution has been announced as winner of the NSW Mining Safety Excellence Award and coming runner up in the Community Excellence Award (August 2017), NSW Mining operation of the year awarded by NSW Minerals Council (April 2017), Craig Oliver Award, RIU Explorers Conference (February 2017), 2016 Miner of the Year, Australian Gold Mining Journal (February 2017), 2016 Dealer Award at Diggers and Dealers (August 2016), Best Asia-Pacific Mining Deal at Mines and Money Hong Kong (April 2016) and winner of 8th Annual International M&A awards (April 2016).
Evolution Mining owns and operates five gold operations. Three of the operations are located in Queensland, Australia, one in New South Wales and one in Western Australia. Evolution Mining’s diversified portfolio combining production and growth has made it become the third largest ASX listed gold miner.
The focus of Evolution Mining is on operating its projects safely and efficiently and developing them to their full potential.
Evolution Mining has a 100% interest in its projects which are located in very prospective regions. In addition Evolution holds an economic interest in Ernest Henry, in Queensland, that will deliver 100% of future gold and 30% of future copper and silver produced from an agreed life of mine area. Outside of the life of mine area Evolution will have a 49% interest in future copper, gold and silver production from Ernest Henry.
At December 2017, Evolution Mining’s global Ore Reserves were 7.05 million ounces of gold and Mineral Resources were increased to 14.24 million ounces of gold. Group gold production for FY18 totalled 801,187 ounces at an All-in Sustaining Cost of A$797 per ounce. Evolution has guided FY19 Group gold production of 720,000 – 770,000 ounces at an All-in Sustaining Cost of A$850 – A$900 per ounce.
Jake assumed the role of Executive Chairman at Evolution Mining Limited in November 2011 following the merger with Conquest Mining Limited where he was Executive Chairman. Prior to joining Conquest Mining, Jake had been President and CEO of Sino Gold Mining Limited where he managed the development of that company into the largest foreign participant in the Chinese gold industry. Sino Gold Mining Limited was listed on the ASX in 2002 with a market capitalisation of $100 million and was purchased by Eldorado Gold Corporation in late 2009 for over $2 billion. It became an ASX/S&P 100 Company, operating two award-winning gold mines and engaging over 2,000 employees and contractors in China. Prior to joining Sino Gold (and its predecessor) in 1995, Mr Klein was employed at Macquarie Bank and PricewaterhouseCoopers.
Lawrie was appointed Finance Director and Chief Financial Officer of Evolution Mining Limited with effect from 1 August 2014 (previously a Non-Executive Director since October 2011). Lawrie has more than 26 years’ experience in the resources sector across a diverse range of commercial, financial and operational activities. He has held a mix of corporate and operational commercial roles within Australia, Papua New Guinea and Chile with Newcrest and prior to that with BHP Billiton. He most recently held the position of Executive General Manager – Commercial and West Africa with Newcrest Mining where he was responsible for Newcrest’s group Supply and Logistics, Marketing, Information Technology and Laboratory functions as well as Newcrest’s business in West Africa.
Bob is a highly experienced mining engineer with more than 33 years industry experience in the minerals industry with the majority of these in the safe management of significant operations. Bob has experience across Australia and Africa in strategic leadership through corporate and operational roles, currently as the COO for Evolution Mining. Recent roles have included: COO of a major Australian Copper producer, CEO of a junior African Copper producer and as Asset President of the BHP Billiton Cannington Silver Lead Zinc operation. Throughout his career Bob has traversed the Australian continent with periods in Africa and South America, his strive to continuous improvements operating and company performance through innovative solutions in safety, operations and profitability have delivered results across many minerals sectors.
Aaron was originally an exploration geologist with experience in Australia and Papua New Guinea across a range of commodities. He has spent most of his career working in the finance industry, initially as a mining analyst with a global stock broking firm and more recently in investment banking where he provided strategic corporate advice to junior and mid-tier mining companies in Australia and Asia. He has over 20 years’ of experience in mining finance and corporate advice and has led a number of successful corporate transactions (acquisitions, takeovers and mergers), equity raisings and project financings. Prior to his current role he was General Manager Corporate for Conquest where he oversaw the exploration and business development functions.
Glen has more than 20 years’ experience within the gold sector and has held senior technical and management roles both in Australia and internationally. Most recently he held the position of Executive Director, Geology and Corporate Development for Beadell Resources. Prior to his role at Beadell, Glen held the position of Senior Vice President, Exploration and Chief Geoscientist at Kinross Gold. During this time he led a workforce in excess of 200 people and built a world class exploration team across four continents. Glen and his team were responsible for a number of significant near-mine discoveries in Russia and Chile. Prior to Kinross, Glen was the General Manager Exploration for Bolnisi Gold where he became the lead geologist in the discovery and development of the Palmarejo silver-gold deposit in Mexico.
Evan was appointed as the Company Secretary and Vice President for Information Technology in October 2011 following the merger of Conquest Mining Limited and Catalpa Resources Limited. Previously he served as Company Secretary of Conquest Mining. He is a Chartered Accountant, Chartered Secretary, and a member of Chartered Accountants Australia and New Zealand, the Institute of Chartered Secretaries and Administrators and the Governance Institute of Australia. Mr Elstein has over 25 years’ experience in senior financial, commercial and technology roles, where his responsibilities have included the roll out of IT projects and services, business improvement initiatives and merger and acquisition activities. He has held senior positions with IT consulting companies in Australia, and previously served as the Chief Financial Officer and Company Secretary of Hartec Limited. Prior to that, Mr Elstein held senior finance and operations positions at Dimension Data in South Africa.
Paul is the Vice President for People and Culture, with responsibility for human resources, people, organisational development and culture. Paul has operated at a senior level across a range of industries, including FMCG, Finance, Industrials Services, and Mining and driven strategic and innovative business solutions. Paul has worked in a number of countries and different environments, including Australia, New Zealand, the UK and parts of Europe, in both business management and People and Culture / Human Resources roles. Paul has a high level of expertise across the full spectrum of HR and prides himself on delivering frameworks, tools, initiatives and support, that is aligned to delivering on the strategic objectives of the business, while being practical and fit for purpose.