CAHPF - Evolution Mining: A Strong Finish To H1 2021

• Evolution Mining reported another strong quarter in fiscal Q2 2021 and is well on track to meet its FY2021 guidance of 700,000 ounces of annual production at the mid-point.
• While production has remained relatively flat over the past two years due to shuffling the project portfolio, both Cowal and Red Lake should significantly boost production growth by FY2023.
• At a share price of US$3.55 per share, Evolution is valued at just $231.00~/oz, which is dirt-cheap valuation for a producer getting ounces out of the ground for $900.00~/oz.
• I continue to see Evolution Mining as a top-10 gold producer, and I see this current correction as a low-risk buying opportunity.

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