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Evolution to buy Barrick's Cowal

JAKE Klein's Evolution Mining is set to become Australia's second-largest listed gold producer after announcing a "transformational" $US550 million ($A704.4 million) deal to acquire Barrick Gold's sought-after Cowal mine in New South Wales.

Kristie Batten
Evolution Mining will acquire Barrick Gold’s coveted Cowal mine for $US550 million.

Evolution Mining will acquire Barrick Gold’s coveted Cowal mine for $US550 million.

The acquisition comes only a month after Evolution inked a deal to merge with La Mancha Australia, but the company had thought to be in the hunt for Cowal, which was put on the market earlier this year....

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