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 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 one of the leading gold mining companies listed on the ASX. The company recorded a gross profit of almost 400 million Australian dollars in fiscal year 2018, continuing an upward trend in profit.

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. With a 41 percent of market share, the gold mining sector generated the largest operating revenue in the Australian mining industry in 2016. Historically, mining booms encouraged many immigrants to move to Australia. Today, the gold mining industry accounts for almost 28,000 workers of the 132,000 people employed in the mining industry in Australia.

In financial year 2018, over 800,000 ounces of gold were produced by Evolution Mining and its revenue reached around 1.54 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 as well as Miner of the Year, awarded by the Australian Gold Mining Journal.

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