$300m acquisition boosts Evolution portfolio
By Rachel Dally-Watkins 21 April, 2015 EVOLUTION Mining is set to become Australia’s third biggest gold producer with the $300 million acquisition of La Mancha Group International’s Australian assets. On 20 April Evolution announced it had entered a binding agreement to acquire the high-grade Frog’s Leg underground gold mine, the adjacent White Foil open-pit gold mine and the 1.5 million tonne per annum carbon in leach processing plant, all close to Kalgoorlie in WA. The acquisitions boast combined production of between 130,000oz and 160,000oz of gold per annum, at an all-in sustaining cost of between...