Our operations
Evolution currently operates six mines, being 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, and an 80% share of Northparkes in New South Wales.
Cowal Gold Operations
Learn moreA world-class open pit and underground gold mine and cornerstone asset
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Ernest Henry Operations
Learn moreA large-scale, long-life underground mining operation endowed with a world-class copper and gold orebody
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Northparkes Operations
Learn moreAn established underground and open pit copper and gold operation with an ~80-year endowment
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Red Lake Operations
Learn moreA premier underground gold mine situated in one of the highest-grade gold districts in Canada
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Mungari Operations
Learn moreA gold mining and processing hub offering optionality in Western Australia’s resource rich Goldfields
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Mt Rawdon Operations
Learn moreOpen pit gold mine transitioning to the end of mining following a successful 25-year mine life
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FY25 highlights
We produced 750,512 ounces of gold at an All-in sustaining cost (AISC) of $1,572 per ounce, and 76,261 tonnes of copper.
Gold production
751koz
Copper production
76kt
Operating mine cash flow
$2.3B
Group cash flow
$787M
All-in sustaining cost (AISC)1
$1,572/oz
Underlying profit after tax
$958M
EBITDA
~$2.2B
Full-year dividend
20c/share
Minerals Resources December 2024 – contained gold2
30Moz
Mineral Resources December 2024 – contained copper2
4.4Mt
improvement in TRIF during the year to 4.983
35%
Ore Reserves December 2024 – contained copper
1.4Mt
- AISC calculated for continuing operations excluding Mt Rawdon, which ceased mining operations in FY25. AISC includes C1 cash cost, plus royalties, sustaining capital, general corporate and administration expense, calculated per ounce sold. In line with World Gold Council guidelines. AISC is non-IFRS financial information and not subject to audit.
- As at 31 December 2024 and compared to the 31 December 2023 estimates. See the Mineral Resources and Ore Reserves section of this Report for further information.
- Total recordable injury frequency (TRIF): The frequency of total recordable injuries per million hours worked. Financial year results are based on 12-month moving average as at 30 June each year.
