
Gold miner set to evolve globally
FORMED less than 12 months ago, gold-focussed Evolution Mining plans to become a mid-tier gold producer at a global level within the next five years. According to Evolution executive chairman Jake Klein, Australia only has one major gold producer among the world’s heavyweights – Newcrest Mining. Mr Klein said that ASX-listed mid-tier Australian gold producers with annual output of between 400,000oz and 800,000oz were basically non-existent. “The best place for an investor to invest in the gold space is the mid-tier sector. “That delivers secure returns more consistently than other alternatives: senior producers and juniors. The seniors struggle to provide meaningful growth and the juniors struggle to fund their developments and develop operational predictability, which investors want,” he said. “The…