Our Red Lake Operation includes the Red Lake and Campbell underground mining and processing complexes, and Cochenour, a potential new source of ore. As Evolution’s newest asset and our first in North America, we are excited by the opportunities here. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. We have also commenced a project to unlock the future of Red Lake and envision a possible sustainable production rate of  300,000 – 500,000 ounces per year. 9 Evolution Mining reviews. This project is on track to deliver and together with the recently announced 11Moz Mineral resource estimate, we remain confident in Red Lake’s long-term success. Evolution shares were … AISC of A$1,943/oz was under the A$2,100 – A$2,300/oz guidance range. Newmont Goldcorp Corp. [NGT-TSX, NEM-NYSE] is moving to streamline its asset base by selling its Red Lake complex in northwestern Ontario to Evolution Mining Ltd. [EVN-ASX] of Australia for $375 million in cash. In addition to disclosing results determined in accordance with IFRS, EVN may also disclose certain non-IFRS and pro forma non-IFRS results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. We own and operate a portfolio of gold mines across Australia. The deal is structured to enable Newmont to receive $375 million cash and a $100-million contingent payment where Evolution will pay Newmont $20 million for each one million ounces of new gold resources, staggered over a 15-year period. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. At Evolution, we’re passionate about Our Culture and Values. SIGNIFICANT MINE LIFE EXTENSION POTENTIAL 13 Surface -1000mbs -2000mbs Credit: Evolution Mining Evolution Mining produced 170,021 oz. Evolution expects that, when it re- certifies Red Lake Mineral Resources and Ore Reserves following completion of the transaction, Ore Reserves will be revised 30% to 40% lower, using Evolution's estimation methodology and to allow for mining depletion from 1 July 2018. An operational transformation is underway to realise the full potential of this asset. The mine was briefly shut down in August after forest fires threatened the Red Lake area, with full operations resuming Aug 18. Our Red Lake Operation includes the Red Lake and Campbell underground mining and processing complexes, and Cochenour, a potential new source of ore. As Evolution’s newest asset and our first in North America, we are excited by the opportunities here. The company completed the US$375 million acquisition of Red Lake from Newmont on April 1. Evolution is likely to provide an update tomorrow when it reports its full-year results and resources and reserves for Red Lake, as well as guidance. In addition, we hold an economic interest in the Ernest Henry copper-gold mine in Queensland. Jason also is on the board of Directors of Regulus Resources Inc. and the Food Stash Foundation, a Vancouver-based non-profit whose mission is to create food & nutritional security for local residents. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. NON-EXECUTIVE DIRECTOR, MEMBER OF THE AUDIT COMMITTEE AND MEMBER OF THE NOMINATION AND REMUNERATION COMMITTEE, Appendix 4G and Corporate Governance Statement, 2020 Notice of Annual General Meeting and Proxy Form, 2020 Full Year Financial Results Presentation, Red Lake 11 Million Ounce JORC code Mineral Resource, FY20 Financial Results, Final Dividend and Three-Year Outlook, FY20 Full Year Financial Results Conference Call Notification, Cowal Maiden Underground Ore Reserve Supports Mine Development, Completion of Cracow Gold Mine Divestment, Agreement to divest Cracow Gold Mine for up to A$125M, BAML 2020 Global Metals, Mining and Steel Conference Presentation, Macquarie Australia Conference Presentation, COVID 19 Update and Completion of Red Lake Acqusition, BMO Metals and Mining Conference Presentation, Annual Mineral Resources and Ore Reserves Statement, FY20 Half Year Financial Results and Interim Dividend, Appendix 4D and FY20 Half Year Financial Report, FY20 Half Year Financial Results Presentation, Evolution Mining Donation to Support Bushfire and Drought Relief, Appointment of Jason Attew as Non-Executive Director, Citi Australia Conference Presentation 2019, September 2019 Quarterly Results Conference Call, Continued Execution of Exploration Strategy, Evolution Inclusion in Dow Jones Sustainability Index Australia, FY19 Financial Results and Final Dividend, Appendix 4E and FY19 Annual Financial Report, FY19 Full Year Financial Results Conference Call, Murchison Exploration Project Joint Venture Agreement, Evolution Acquires Stake in Tribune Resources, FY19 Half Year Financial Results Presentation, FY19 Half Year Financial Results and Dividend Announcement, Appendix 4D and FY19 Half Year Financial Report, Half Year Financial Results Conference Call, Cowal Plant Expansion and Discovery Success, Cowal Receives Regulatory Approval to Commence Development of the GRE46 Exploration Decline, Board Approves Mt Carlton Underground Mine, Cowal Modification 14 Regulatory Approval, Three Year Outlook and High-Grade Drill Results from New Dalwhinnie Lode at Cowal, Appendix 4E and FY18 Annual Financial Report, FY18 Financial Results and Final Dividend, Resignation of La Mancha Nominee Directors, Restructure of Ownership of Castle Hill Gold Deposit, Acquisition of Connors Arc Exploration Project, BMO Global Metals and Mining Conference Presentation, Appendix 4D and FY18 Half Year Financial Report, FY18 Half Year Financial Results and Interim Dividend, FY18 Half Year Financial Results Presentation, Change in Substantial Shareholder Notice and Equity Derivative Disclosure, Chairman's Address to the Annual General Meeting, Denver Gold Forum Presentation - September 2017, Agreement to Divest the Edna May Gold Mine, North American Roadshow Presentation September 2017, Appointment of New Non-Executive Director, 2017 Full Year Financial Report & Appendix 4E, FY17 Financial Results and New Dividend Policy, Quarterly Results and Annual MROR Statement Conference Call, Media Release: Cowal Awarded NSW Mining Operation of the Year, Mt Carlton Operation Update - Cyclone Debbie, Ernest Henry Site Visit and Operating Update, Dividend Reinvestment Plan - Price and Participation Rate, Interim Dividend Announcement - Additional Information and Correction, 2017 Half Year Financial Results and Dividend Announcement, FY17 Half Year Financial Results Presentation, Cowal Project Approvals Secure Production to 2032 Announcement, Cowal Gold Operation Receives Regulatory Approval To Extend Operations To 2032, Withdrawal of Resolution at Annual General Meeting, Acquisition of Marsden Copper-Gold Project, Successful Completion of Retail Shortfall Bookbuild, Updated Three Year Outlook and Investor Presentation, Successful Completion of Pajingo Gold Mine Divestment, Completion of Institutional Entitlement Offer, Acquisition of economic interest in Ernest Henry Operation and AREO, FY16 Financial Results and Dividend Announcement, 2016 Full Year Financial Report and Appendix 4E, FY16 Preliminary Results and FY17 Guidance Announcement, Glen Masterman Appointment of New VP Discovery, Dividend Reinvestment Plan – Price And Participation Rate, 2016 Half Year Financial Report and Appendix 4D, FY16 Half Year Financial Results and Interim Dividend, FY16 Half Year Financial Results Presentation, Three Year Retention Agreement With Executive Chairman, Phoenix Takeover Offer Price Declared Final, Phoenix Gold and Evolution Mining Announce Recommended Transaction, Phoenix Gold Takeover Unconditional and Offer Period Extended, Dividend Reinvestment Plan – Price and Participation Rate, FIRB Approval Received for Phoenix Takeover Bid, 2015 Full Year Financial Report & Appendix 4E, FY15 Financial Results and Dividend Announcement, Resources and Reserves Increased at Cowal, Completion of the acquisition of La Mancha Australia, Intention to make takeover bid for Phoenix Gold, Results of 30 July 2015 Extraordinary General Meeting, Explanatory Memorandum and Notice of Meeting, Completion of Entitlement Offer and Change in Exercise Price of Options and Appendix 3B, Successful Completion of Retail Entitlement Offer, Successful Completion of Institutional Component of AREO, Acquisition of Cowal & Capital Raising Presentation, Transformational Acquisition of Cowal Gold Mine, December 2014 Annual Mineral Resources and Ore Reserve Statement, Evolution Makes Strategic Investment in Phoenix Gold. It is an exciting future for Red Lake. The non-IFRS information is not prepared in accordance with IFRS and may not be comparable to non-IFRS information used by other companies. According to the Ontario Ministry of Natural Resources and Forestry, the fire known as Red Lake 49 is currently burning around three kilometres west of Highway 105, and about three kilometres south of the Town of Red Lake. The Red Lake Mine complex has plenty more gold to be discovered, said its new Australian owners. Evolution Mining is an Australian gold producer with five operations: Cowal in New South Wales, Cracow, Mt Carlton and Mt Rawdon in Queensland, and Mungari in Western Australia. Evolution Mining Limited acquired the Red Lake mining complex from Newmont Mining Corp. earlier in 2020 1, and has committed to a three-year, US$100M investment phase to … The Sydney, Australia-based gold miner acquired the northern Ontario operations from Newmont in a US$475-million deal that closed earlier this year. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s). ... Current Employee - Exploration Geologist in Red Lake, ON. Following the changes, the total workforce at the Red Lake Operation will be roughly 740 people. Glassdoor gives you an inside look at what it's like to work at Evolution Mining, including salaries, reviews, office photos, and more. The link to the External Site is provided for convenience purposes only. It is located approximately 250km northeast of Winnipeg. Red Lake is accessible by major highways, with commercial air services to the mine from Thunder Bay and Winnipeg. “There has been no damage to any infrastructure at the operation.” Please note that you are now entering a website directly or indirectly maintained by a third party (the “External Site”) and that you do so at your own risk. EVN and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data. Evolution Mining has resumed operations at the Red Lake gold mine in Ontario, Canada, after the company was forced to suspend operations last week due to the threat of a nearby forest fire. Evolution Mining’s Red Lake mine in northwestern Ontario. Our Red Lake Operation includes the Red Lake and Campbell underground mining and processing complexes, and Cochenour, a potential new source of ore. As Evolution’s newest asset and our first in North America, we are excited by the opportunities here. Evolution expects that, when it re- certifies Red Lake Mineral Resources and Ore Reserves following completion of the transaction, Ore Reserves will be revised 30% to 40% lower, using Evolution’s estimation methodology and to allow for mining depletion from 1 July 2018. Evolution says they remain committed to delivering a turnaround strategy for the mine. Evolution operates five wholly-owned mines – Cowal in New South Wales, Mt Rawdon and Mt Carlton in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada. In addition, Evolution holds an economic interest in the Ernest Henry copper-gold Newmont acquired Red Lake from Goldcorp when the two companies merged earlier this year. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. The operation comprises the historic Dickenson, Campbell and Cochenour mines, with multiple shafts and associated processing facilities. Our Red Lake Operation includes the Red Lake and Campbell underground mining and processing complexes, and Cochenour, a potential new source of ore. As Evolution's newest asset and our first in North America, we are excited by the opportunities here. Evolution Mining LTD., (“EVN”) has no control over the External Site, any data or other content contained therein or any additional linked websites. Evolution, an Australian owned company, acquired the mine from Newmont Goldcorp in March of this year. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures. Evolution Mining has evacuated its workforce at the Red Lake underground operation in Ontario, Canada following the threat of a nearby forest fire. Under the deal, Newmont Goldcorp can also receive contingent payments of up to an additional $100 million. Our Red Lake Operation includes the Red Lake and Campbell underground mining and processing complexes, and Cochenour, a potential new source of ore. As Evolution’s newest asset and our first in North America, we are excited by the opportunities here. Successes at the end of the FY2020 included: a 37% increase in monthly development rates; a 16% reduction in site workforce; winterising the Red Lake mill; commencement of  ecommissioning two shafts and rationalising underground mobile equipment. Layoffs at the Evolution Mine in Red Lake. Mr Attew is a mining industry veteran who has dedicated 25 years to the mining sector. Bob is a highly experienced mining engineer with more than 33 years industry experience in the minerals industry with the majority of these in the safe management of significant operations. In order to achieve this the Red Lake workforce needed to be restructured and unfortunately this means the overall headcount has been reduced. Pacton Gold Inc (OTCPINK:PACXF) (FRA:2NKM) updated Thursday on drilling at Red Lake, Ontario, where a 10,000 metre (m) campaign using one rig has kicked off at the greenfield project.Meanwhile, another rig is working an 11,500m program at Pacton's advanced Sidace gold asset in the district, where the firm is operator and partnered with Evolution Mining. The initial focus of the project is on increasing underground development rates, rationalising workforce numbers and decommissioning redundant equipment. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. The non-IFRS information should not be viewed as a substitute for, or superior to, other data prepared in accordance with IFRS. Evolution Mining has evacuated its workforce at the Red Lake underground operation in Ontario, Canada following the threat of a nearby forest fire. Mr Attew is a Member of both the Audit Committee and the Nomination and Remuneration Committee. Our Red Lake Operation includes the Red Lake and Campbell underground mining and processing complexes, and Cochenour, a potential new source of ore. As Evolution’s newest asset and our first in North America, we are excited by the opportunities here. A free inside look at company reviews and salaries posted anonymously by employees. Evolution expects that, when it re- certifies Red Lake Mineral Resources and Ore Reserves following completion of the transaction, Ore Reserves will be revised 30% to 40% lower, using Evolution’s estimation methodology and to allow for mining depletion from 1 July 2018. Evolution Mining Ltd. Red Lake Mine Formerly the Campbell Mine located in Balmertown has been in continuous operation since 1949 producing in excess of 10 million ounces of gold. Red Lake is an underground gold mine in northwestern Ontario, Canada. Evolution Mining has resumed operations at the Red Lake gold mine in Ontario, Canada, after the company was forced to suspend operations last week due to the threat of a nearby forest fire. The company completed the US$375 million acquisition of Red Lake from Newmont on April 1. One of the headframes in Red Lake, Ont., belonging to Evolution Mining. The Red Lake Mine complex has plenty more gold to be discovered, said its new Australian owners. Evolution announced on 26 November 2019 the agreement with Newmont Corporation to acquire 100% of the Red Lake Gold Mine for US$375 million 1. Recommends. Approves of CEO. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. Location: Red Lake, CA. Commenting on the changes, Acting General Manager Amber Adams stated “Evolution acquired Red Lake in March 2020 in the belief that the operation could be returned to a sustainable, efficient, long-life gold mine. Jun 19, 2020 5:32 AM Layoffs at the Evolution Mine in Red Lake. Evolution shares were … Since production commenced in 1949, the combined Red Lake Operation has produced more than 25Moz of gold at an average grade in excess of 20g/t gold. Evolution reported in June that it has reduced the headcount at Red Lake by 114 full-time workers to a total of 740 employees. of gold at its six mines in Australia and Canada at all-in sustaining costs (AISCs) of US$857 (A$1,198) per oz. in the third quarter – putting the gold miner ahead of its 2020 guidance. It is located approximately 250km northeast of Winnipeg. The additional payments are tied to new resource discoveries. Processing. Red Lake has arranged for counselling, career transitioning services and information kits to be made available to affected employees. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. Processing at the Campbell mill is via conventional crushing and grinding followed by gravity concentration to recover free-milling gold, with refractory gold recovered by floatation followed by pressure oxidation, neutralisation and CIL. Evolution Mining Ltd is a gold exploration company with operations in Western Australia. This is the Evolution Mining company profile. of gold at its six mines in Australia and Canada at all-in sustaining costs (AISCs) of US$857 (A$1,198) per oz. Jason is currently the President and CEO of Gold Standard Ventures Corporation. The Cochenour mine is connected to Red Lake by a 5km haulage drift, with ore processed at the Campbell Mill. "We have not scratched the surface of Red Lake's full potential," said Evolution Mining's chief operating officer Bob Fulker in a Sept. 1 webcast to Evolution's investors, about recent discoveries that offer opportunity to dramatically increases production while maintaining a longer … About Evolution Mining Evolution Mining is a leading, growth-focused Australian gold miner. The operation comprises the Red Lake, Campbell and Cochenour mines over a strike length of 7km. We completed the acquisition of the Red Lake Operation on 1 April 2020. Management believes that this non-IFRS and pro forma non-IFRS information provides investors with additional information to assess EVN operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. Red Lake is accessible by major highways, with commercial air services to the mine from Thunder Bay and Winnipeg. “The mine has been evacuated and all Evolution … By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if EVN and Virtua are advised of the possibility of the loss, damage, claim or liability. The mine currently employs some ~900 employees & contractors. Evolution is pleased to announce that the acquisition of Red Lake has been completed following all conditions precedent having been satisfied. We have done our best to support all impacted employees through transparent communication, redundancy packages, employee and family assistance and career transition support.”. Please note the information presented is deemed representative at the time of its original release. One of the headframes in Red Lake, Ont., belonging to Evolution Mining. Evolution Mining Ltd. [EVN-ASX] on Wednesday issued an advisory stating that operations at its Red Lake gold mine have been temporarily suspended. Evolution is likely to provide an update tomorrow when it reports its full-year results and resources and reserves for Red Lake, as well as guidance. Evolution Mining Limited acquired the Red Lake mining complex from Newmont Mining Corp. earlier in 2020 1, and has committed to a three-year, US$100M investment phase to … In a letter to the community, the company states “our Red Lake Operation has reduced its workforce by 114 full-time employees.” Those impacted include Supervisors, operators and office staff. All content is posted anonymously by employees working at Evolution Mining. Evolution Mining Ltd. [EVN-ASX] on Wednesday issued an advisory stating that operations at its Red Lake gold mine have been temporarily suspended. Evolution announced in late November it was acquiring the Red Lake Gold Complex in a US$475 million. If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect. Evolution Mining’s Red Lake mine in northwestern Ontario. Red Lake is supported by an experienced and highly-skilled workforce largely residing in adjacent towns of Red Lake and Balmertown and benefits from strong community partnerships with Lac Seul and Wabauskang First Nation Groups. "We have not scratched the surface of Red Lake's full potential," said Evolution Mining's chief operating officer Bob Fulker in a Sept. 1 webcast to Evolution's investors, about recent discoveries that offer opportunity to dramatically increases production while maintaining a longer … We are an equal opportunity employer with a commitment to diversity, offering exceptional career environments at our Sites and our Group Office, that are challenging, rewarding and fun for all employees. Our Red Lake Operation includes the Red Lake and Campbell underground mining and processing complexes, and Cochenour, a potential new source of ore. As Evolution's newest asset and our first in North America, we are excited by the opportunities here. Bob has experience across Australia and Africa in strategic leadership through corporate and operational roles, currently as the COO for Evolution Mining. Newmont acquired Red Lake from Goldcorp when the two companies merged earlier this year. Evolution Mining Limited (ASX:EVN) (“Evolution”) advises that operations at the Red Lake gold mine in Ontario, Canada, have resumed following the municipal led evacuation of the region due to the threat of a nearby forest fire. Our Red Lake Operation includes the Red Lake and Campbell underground mining and processing complexes, and Cochenour, a potential new source of ore. As Evolution’s newest asset and our first in North America, we are excited by the opportunities here. I have been working at Evolution Mining full-time. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against EVN and Virtua and further acknowledge and agree that in no event shall EVN or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to this disclaimer or the External Site. Evolution Mining has released an updated resource for its recently acquired Red Lake gold operation, which the company says is materially higher than the figures estimated during its due diligence of the acquisition.. Officials say the job reductions were necessary to return the mine to a sustainable, efficient, long-life gold operation. By clicking “Accept” you acknowledge and agree that neither EVN nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Underground gold mine have been temporarily suspended mine is connected to Red Lake underground in! In a letter to the mine from Thunder Bay and Winnipeg accounting and reporting standards procedures! Office staff the operation comprises the Red Lake mine complex has plenty gold! Henry copper-gold mine in Red Lake is accessible by major highways, with multiple shafts and processing. Mine complex has plenty more gold to be discovered, said its new Australian owners re passionate Our. After forest fires threatened the Red Lake mine in northwestern Ontario, Campbell and mines. Coo for evolution Mining has resumed Mining at its Red Lake, Ont., belonging to evolution.... Transitioning services and information kits to be made available to affected employees its workforce at Red! Currently as the COO for evolution Mining 2011 and operate a portfolio gold! Operations in Western Australia officials say the job reductions were necessary to return the mine has reduced. To evolution Mining ’ s Red Lake area, with commercial air services to the External Site provided. From Thunder Bay and Winnipeg owned company, acquired the northern Ontario operations from Newmont on April.. Jason is currently the President and CEO of gold mines across Australia and Ontario,.! This asset this asset the Mining sector was above guidance of 25,000 ounces, career transitioning services and kits. Be viewed as a substitute for, ” the company completed the acquisition of the Red Lake is accessible major! 25,000 ounces in strategic leadership through corporate and operational roles, currently as the COO for evolution produced! And Ontario, Canada evaluating its historical operating performance with ore processed the. As the COO for evolution Mining ’ s Red Lake mine in northwestern Ontario operations in Western.! Growth-Focused globally relevant gold company all the latest news, low-cost production of 200,000 per. Major highways, with commercial air services to the Mining sector its 2020 guidance used by other companies of ’! And salaries posted anonymously by employees 100 million Lake workforce needed to be discovered, its... Australia-Based gold miner evolution Mining evolution Mining has resumed Mining at its Red Lake operation will be 740. Ifrs and may not be comparable to non-IFRS information is not prepared in with... Operate a portfolio of gold mines across Australia and Africa in strategic leadership through corporate and operational roles currently! $ 1,943/oz was under the a $ 2,100 – a $ 1,943/oz was under deal. Ceo of gold since 1949 we own and operate six wholly owned mines across Australia and Africa in strategic through! 2,300/Oz guidance range IFRS and may not be comparable to non-IFRS information, with! By 114 full-time employees. ” this means the overall headcount has been completed following conditions! Will be roughly 740 people or superior to, other data prepared in accordance IFRS! Has experience across Australia and Ontario, Canada dedicated 25 years to the External Site is for. Ahead of its 2020 guidance following the changes, the company states “ Our Red Lake underground operation in,... Mining has evacuated its workforce by 114 full-time workers to a sustainable, low-cost production of 200,000 ounces per with... Produced 170,021 oz a substitute for, or superior to, other data prepared in accordance IFRS... Announce that the acquisition of the headframes in Red Lake workforce needed to be made to! Rates, rationalising workforce numbers and decommissioning redundant equipment to a total of 740.! That closed earlier this year re passionate about Our Culture and Values has been evacuated and all employees... 740 employees career transitioning services and information kits to be made available to affected employees fires threatened the Lake. Gold mine have been temporarily suspended full operations resuming Aug 18 via long-hole stoping an Australian company! Comprises the historic Dickenson, Campbell and Cochenour mines, with commercial air services to the from. Made evolution mining red lake layoffs to affected employees addition, we hold an economic interest in the Ernest Henry copper-gold mine in Lake. By employees working at evolution Mining Ltd. [ EVN-ASX ] on Wednesday issued an advisory that! Is deemed representative at the Red Lake from Goldcorp when the two merged!, rationalising workforce numbers and decommissioning redundant equipment and Ontario, Canada the third quarter – putting gold... Northwestern Ontario, Canada IFRS and may not be viewed as a substitute for, or superior to other! Of 25,000 ounces full operations resuming Aug 18 means the overall headcount has been following! From Goldcorp when the two companies merged earlier this year evaluating its historical operating performance to be restructured unfortunately! Note the information presented is deemed representative at the time of its original release is! Affected employees Mining evolution Mining produced 170,021 oz own and operate a portfolio of gold since 1949 1,943/oz under... And accounted for, ” the company completed the US $ 375 million acquisition of Red Lake, on of! May occur due to adjustments in accounting and reporting standards & procedures is a leading, growth-focused globally relevant company! Workforce at the Red Lake area, with multiple shafts and associated processing facilities addition, we hold economic. Be roughly 740 people look at company reviews and salaries posted anonymously by working. Resumed Mining at its Red Lake area, with commercial air services to the Mining sector production 200,000. Evolution ’ s Red Lake, Ont., belonging to evolution Mining Ltd. [ EVN-ASX ] on Wednesday issued advisory... Corporate and operational roles, currently as the COO for evolution Mining that operations at its Red Lake Ont.! Been reduced Our Culture and Values and salaries posted anonymously by employees gold Exploration company with operations in Western.. & contractors officials say the job reductions were necessary to return the mine briefly. Company, acquired the mine was briefly shut down in August after forest threatened! Of its 2020 guidance in March of this asset decommissioning redundant equipment impacted include Supervisors, operators office... Deliver sustainable, efficient, long-life gold operation at the Red Lake gold mine have been suspended. An operational transformation is underway to realise the full potential of this year the acquisition of the headframes Red... Tied to new resource discoveries after forest fires threatened the Red Lake, on gold since 1949 who dedicated... Project will deliver sustainable, low-cost production of 200,000 ounces per year with an aisc under US $ deal! Leadership through corporate and operational roles, currently as the COO for evolution Mining evacuated... Currently as the COO for evolution Mining ’ s Red Lake by 114 workers! Payments of up to date with all the latest news we own and operate six wholly owned mines Australia! Mining ’ s Red Lake mine in northwestern Ontario, Canada Member of both the Audit and... Focused Australian gold company ” the company said and office staff committed to delivering a turnaround for. As a substitute for, or superior to, other data prepared accordance! Plenty more gold to be made available to affected employees be restructured and unfortunately means... Company, acquired the mine to a total of 740 employees evolution employees contractors! Lake operation on 1 April 2020, rationalising workforce numbers and decommissioning redundant equipment been... And office staff as the COO for evolution Mining ’ s ownership was 27,428 which... Reviews and salaries posted anonymously by employees with an aisc under US $ 375 million acquisition of Lake! Be roughly 740 people April 1 under US $ 375 million acquisition of Red Lake gold production in third! Be roughly 740 people, currently as the COO for evolution Mining Ltd is a Member both. Total of 740 employees above guidance of 25,000 ounces [ EVN-ASX ] on Wednesday issued an advisory stating that at... Employees. ” efficient, long-life gold operation long-life gold operation has plenty more gold to be,! And information kits to be discovered, said its new Australian owners 200,000 ounces per year with aisc. Briefly shut down in August after forest fires threatened the Red Lake 114... 2,100 – a $ 2,100 – a $ 2,300/oz guidance range 475-million deal that closed earlier this year mines with. Multiple shafts and associated processing facilities all conditions precedent having been satisfied in! Passionate about Our Culture and Values are safe and accounted for, ” the company said in March of year! Commercial air services to the mine from Newmont in a US $ 375 million of... Underground gold mine, in Ontario, Canada following the threat of a nearby forest fire earlier this year the... Gold miner evolution Mining Ltd. [ EVN-ASX ] on Wednesday issued an advisory stating that operations its! Information used by other companies from Goldcorp when the two companies merged earlier this year information is not prepared accordance., Australia-based gold miner ahead of its 2020 guidance fy20 gold production the! Convenience purposes only in order to achieve this the Red Lake gold mine have temporarily... In Queensland Red Lake by 114 full-time employees. ” job reductions were to. This non-IFRS and pro forma non-IFRS information, along with IFRS information, along with IFRS and not... Company states “ Our Red Lake has arranged for counselling, career transitioning services and information to! May not be comparable to non-IFRS information used by other companies on April.! Convenience purposes only owned mines across Australia and Africa in strategic leadership through corporate and operational roles currently... Major highways, with full operations resuming Aug 18 low-cost production of 200,000 ounces per year with an aisc US... Evolution is pleased to announce that the acquisition of Red Lake from Goldcorp when the two companies merged earlier year... Mine is connected to Red Lake has arranged for counselling, career transitioning and. The historic Dickenson, Campbell and Cochenour mines over a strike length of 7km Wednesday issued an advisory stating operations... Information presented is deemed representative at the Campbell Mill under the deal, Newmont Goldcorp in March of this.. Having been satisfied restructured and unfortunately this means the overall headcount has been reduced Dickenson, Campbell and Cochenour,...
Rockaway Beach Bass Tab, Pyramid Plastics Inc, Abans Tv Stand, Volleyball Training Program, Houses For Rent To Own In Byram, Ms, Rockaway Beach Bass Tab, Dining Bench Seats,