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BRIEF-Evolution Mining Lowers FY20 Gold Production View

Published 19/06/2020, 08:40 am
© Reuters.

June 19 (Reuters) - Evolution Mining Ltd EVN.AX :

* FY20 GOLD PRODUCTION AT MT CARLTON IS NOW ESTIMATED TO BE AROUND 60,000 OUNCES

* FOR FY21, OPERATION AT MT CARLTON NOW EXPECTED TO PRODUCE AROUND 50,000 OUNCES

* NON-CASH IMPAIRMENT ESTIMATED AT BETWEEN A$75-A$100 MILLION POST-TAX EXPECTED TO BE RECORDED IN FY20

* FOR FY21, OPERATION AT MT CARLTON IS NOW EXPECTED TO PRODUCE AROUND 50,000 OUNCES

* CO'S FY20 GROUP GOLD PRODUCTION, EXCLUDING RED LAKE, NOW EXPECTED TO BE AROUND 715,000 OUNCES

* NO CHANGE TO FY20 GROUP AISC GUIDANCE, EXCLUDING RED LAKE, OF A$990 PER OUNCE

* RED LAKE ON TRACK FOR JUNE QUARTER GUIDANCE OF AROUND 25,000 OUNCES AT AISC OF A$2,100 - A$2,300/OUNCE

* ALL OPERATIONS, OTHER THAN MT CARLTON, PERFORMING IN LINE OR BETTER THAN PLAN FOR JUNE QUARTER

* GEOLOGICAL CONTROLS ON GRADE DISTRIBUTION INDICATED REDUCTION OF ABOUT 75,000 OZ FROM LIFE OF MINE PLAN AT MT CARLTON

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