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BRIEF-Evolution Mining Says Dec Quarter Group Gold Production Of 170,890 Ounces

Published 10/01/2020, 12:22 pm
Updated 10/01/2020, 12:29 pm
EVN
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Jan 10 (Reuters) - Evolution Mining Ltd EVN.AX :

* DEC QUARTER GROUP GOLD PRODUCTION OF 170,890 OUNCES AT AN ALL-IN SUSTAINING COST OF A$1,069 PER OUNCE

* ACHIEVED GOLD PRICE OF A$2,091 PER OUNCE DURING QUARTER

* GROUP PRODUCTION FOR FY20 WILL BE AT BOTTOM END OF GUIDANCE OF AROUND 725,000 OUNCES

* GROUP FY20 AISC GUIDANCE OF A$940 - A$990 PER OUNCE REMAINS UNCHANGED

* SEES NEGATIVE IMPACT ON MT CARLTON FY20 AISC WHICH IS NOW EXPECTED TO BE BETWEEN A$1,150 – A$1,225 PER OUNCE

* FY20 ESTIMATED PRODUCTION RANGE OF 70,000 - 75,000 OUNCES FOR MT CARLTON

* ALSO IN THE PROCESS OF RE-ESTIMATING THE MINERAL RESOURCES AND ORE RESERVES AT MT CARLTON

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