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TDUX
Apr 30 - 10:55 PM

Gold - Australia's Evolution Mining Advances On Lifting Gold Resource Reserve Outlook

By Kumar Tanishk  —  Apr 30 - 09:24 PM

• Shares of Evolution Mining jump as much as 4.5% to A$12.44, their strongest intraday rise since April 15

• The miner lifts group gold resources to 31 million ounces, underscoring a long-life, high-quality portfolio, with expansion studies adding upside and scope to grow copper beyond 4.2 million metric tons as exploration intensifies at Ernest Henry and Northparkes mines

• Adds that rising resources and reserves at Cowal project strengthen confidence in mineable inventory

• Despite the rise, Evolution stock still in on track to book a 4.9% decline over the week.


(Reporting by Kumar Tanishk in Bengaluru)

((; X: @thatstanishk Click here))

Source:
London Stock Exchange Group | Thomson Reuters

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