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Evolution Mining's revenue FY 2011-2020

Evolution Mining Limited is one of Australia’s leading mid-tier mining companies, with its operations concentrated on the gold, silver, and copper mining segments. In the 2020 financial year, the revenue of Evolution Mining Limited amounted to about 1.94 billion Australian dollars. This was an increase from the previous year and was also reflected in an increase in gross profit for the company in the same period.

Evolution Mining’s operations

The company owns the Cracow, Mt Rawdon, Mt Carlton, Mungari, Ernest Henry, and Cowal mines, with the latter contributing to the largest portion of revenue generated. Evolution Mining’s revenue was primarily generated from gold production, with silver and copper mining supporting its business. The volume of gold produced decreased to 746.5 thousand ounces in 2020. Evolution Mining had committed to almost doubling their spend on discovery for financial year 2020, with the focus on drilling at Cowal, Mungari, and various greenfield projects.

Who are the competition?

Evolution Mining followed only Newcrest Mining and Northern Star Resources to join the ranks as one of the leading Australian gold mining companies by market capitalization. Of the three, Newcrest Mining was the most dominant, with mines in Australia, Canada, and Papua New Guinea. Difficult mining conditions at its Lihir mine and the sale of its interests in another mine led to Newcrest cutting its gold production forecast for fiscal year 2020. Nevertheless, Newcrest still looks set to top the gold mining market in Australia in the upcoming years.

Total revenue of Evolution Mining Limited from financial year 2011 to 2020

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Source

Release date

October 2020

Region

Australia

Survey time period

financial years 2011 to 2020

Supplementary notes

Australia's financial year runs from July 1 to June 30; for example, financial year 2017 starts on July 1, 2016 and ends on June 30, 2017.

Values have been rounded.

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Statistics on "Evolution Mining"

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