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BRIEF-Evolution Mining says sold forward 300,000 ounces of gold with scheduled deliveries out to Dec 31 2019

Published 01/09/2015, 09:00 am
Updated 01/09/2015, 09:07 am
© Reuters.  BRIEF-Evolution Mining says sold forward 300,000 ounces of gold with scheduled deliveries out to Dec 31 2019
EVN
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Sept 1 (Reuters) - Evolution Mining Ltd EVN.AX :

* Implementation of additional gold hedge EVN.AX

* Says has sold forward 300,000 ounces of gold at an average price of A$1,638 per ounce with scheduled deliveries out to 31 December 2019

* Says remaining 200,000 ounces will be delivered during the January 2018 to December 2019 period

* Says additional hedging includes 100,000 ounces of gold for delivery in FY 2016

* Says Evolution will have a gearing ratio of approximately 27-28%

* Hedge contracts have been entered into with evolution's banking syndicate

* Evolution's total gold hedge book as at 31 August 2015 stands at 821,311 ounces of gold at an average price of A$1,590 per ounce

* Source text for Eikon ID:nASX84sFVD

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