Evolution Mining Ltd - Statistics & Facts

Published by Franziska Judas, Jan 17, 2019
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 five gold mines in New South Wales, Queensland and Western Australia and holds an economic interest in another major mine in Australia. In terms of market capitalization, Evolution Mining Ltd was by far the largest gold mining company in Australia in the financial year 2017, followed by its biggest competitors Northern Star Resources Ltd and Oceana Gold Corporation. In addition, it is the second largest ASX listed gold miner.

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 125 billion Australian dollars in the financial year 2017. With 41 percent of market share, the gold mining sector generates the largest operating revenue in the Australian mining industry. Historically, mining booms encouraged many immigrants to move to Australia. Today, the gold mining industry counts almost 28,000 workers and approximately 126,000 people are employed in the total mining market in Australia.

In 2017, over 840,000 ounces of gold had been produced by evolution mining and the revenue reached around 1.5 billion Australian dollars.

Due to a track record of consistently achieving production and cash cost guidance, Evolution Mining Ltd. was awarded frequently in the past such as the NSW Mining Safety Excellence Award as well as the Miner of the Year awarded by the Australian Gold Mining Journal, among others.

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