EVOLUTION Mining has restructured its debt maturity profile to increase balance sheet flexibility and approved an increase in production from its Mungari gold mine in Western Australia and a feasibility study for its Ernest Henry base metals extension project in Queensland.
Evolution had doubled copper and gold reserves and extended the mine life of Ernest Henry out to 2040.
Evolution's board approved capital investment of $250 million for the Mungari plant expansion from 2 million tonnes per annum to 4.2Mtpa following completion of the feasibility study. The feasibility...
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