Evolution Mining stock jumps as underground production starts at Cowal. mining
Evolution Mining Ltd shares surged as much as 11.
2% on Monday as the Australian gold miner“We are now on the pathway to increase Cowal’s production from the current FY23 guidance of ~275,000 ounces to FY24 outlook of ~320,000 low cost ounces,” Evolution CEO Lawrie Conway said in a news release.According to the company, the project remains within the original $380 million budget. The completion of the accommodation village and commissioning of the paste plant remain on track for the June 2023 quarter.
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