Evolution Mining Ltd - Statistics & Facts

Founded in 2011 through the merger of Catalpa Resources Ltd and Conquest Mining Ltd, Evolution Mining Ltd is now a leading Australian gold miner with a strong focus on growth. The company operates gold mines in New South Wales, Queensland, and Western Australia and holds an economic interest in Ernest Henry mine in Queensland. The company is involved in gold, silver, and copper exploration and mining operations, with most of its revenue coming from the gold segment. In terms of market capitalization, Evolution Mining was one of the leading gold mining companies listed on the ASX in 2020. Evolution Mining estimated its contribution to the Australian economy was approximately 1.28 billion Australian dollars in fiscal year 2019.

Mining in Australia is a significant primary industry and large contributor to the Australian economy. The value added by the mining industry in Australia amounted to approximately 149 billion Australian dollars in financial year 2018. Globally, gold is seen as a robust investment, with gold jewelry accounting for around half of the total global gold demand. The total gold production volume in Australia was around 321 metric tons in 2019. Unsurprisingly, gold is Australia’s fifth largest resource export by value. Historically, mining booms have encouraged many immigrants to move to Australia. In 2021, the gold mining industry was forecasted to account for around 32,000 employees.

In financial year 2019, around 753 thousand ounces of gold were produced by Evolution Mining and its revenue amounted to around 1.5 billion Australian dollars. Due to a track record of consistently achieving production and cash cost guidance, Evolution Mining has frequently been awarded accolades such as the NSW Mining Safety Excellence Award and Miner of the Year, awarded by the Australian Gold Mining Journal.

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