CAHPF - Evolution Mining trending above plan seeks approval for Cowal underground project

Evolution Mining ([[CAHPF]] +2.6%) says that the company has exceeded production expectations in the September quarter, producing 170,021 ounces of gold with an all-in sustaining cost of A$1,198 per ounce, with all-in cost of A$1,663/oz and an all-in cost margin of A$871/oz.The miner said that the quarterly results were ahead of the 2021 financial year plans, with the results excluding any contribution from the Cracow operation, which was divested in July.Operating mine cash flow was reported at A$272.3M in the first quarter, with net mine cash flow at A$183.4M and net bank debt recorded at A$180.3M post the final dividend.During the quarter under review, the company also announced the submission of the Cowal underground mine development plan to the New South Wales Department of Planning, Industry and Environment.“The submission for approval of the Cowal underground mine is another important step towards achieving our objective of producing 350,000 oz/y of low-cost

For further details see:

Evolution Mining trending above plan, seeks approval for Cowal underground project