Evolution Mining Limited (AU:EVN) has released an update.
Evolution Mining Limited has reported strong cash flows with a cash balance above $320 million as of May 2024, despite weather and seismic challenges impacting gold production. Gold output was 26,000 ounces below expectations, but copper production exceeded plans, and the company maintains competitive All-in Sustaining Costs, slightly above its $1,410/oz guidance. The leadership team is now fully staffed with new COO and CTO appointments as the company prepares for an investor visit to its operations.
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