Gold producer Evolution Mining resumes Ernest Henry operations after weather event

Kitco Media
By Vladimir Basov
Published
Updated
Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

Editor noteGet all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here!

(Kitco News) - Australian gold producer Evolution Mining (ASX: EVN) today announced that the Ernest Henry operation has safely resumed mining activities and will continue to safely ramp up activities to reach normal production levels by the end of the June quarter 2023.

As noted in the company's ASX release dated 11 April 2023, the weather impact at Ernest Henry will result in lower gold and copper production of approximately 17,000 ounces and 10,000 tonnes respectively in FY2023 whilst gold and copper production in the March quarter was reduced by ~6,400 ounces and ~4,100 tonnes respectively.

Previously, Evolution Mining reported that the Ernest Henry operation was impacted by a regional weather event in early March.

"On the evening of 8 March 2023 all personnel were safely removed from the mine due to water entering mine workings and the operations have suspended production activities,” the company said.

The Ernest Henry copper-gold operation is a large-scale, long-life mining operation. The operation employs sub-level caving method. It is located 38km north-east of Cloncurry, Queensland on the traditional lands of the Mitakoodi people. A material increase to ore reserves is anticipated with the potential for mine life extension to 2031+.

Evolution Mining operates five wholly-owned mines – Cowal in New South Wales, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada. Financial year 2023 gold production guidance is approximately 660,000 ounces.


Anglo American receives enviro approval for its Los Bronces integrated copper project

Kitco Media

Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

Mdi Earth Logo

Share

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.