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Cowal Gold Operations

Key facts
Living and working at Cowal
Community information

Location

350km west of Sydney, 40km north-east of West Wyalong, New South Wales, Australia

Producing

Gold and silver

Management

Owner operator

Our 100% owned and operated Cowal operation is a world-class open pit and underground gold mine. Cowal has been operated by Evolution since 2015 and is a cornerstone asset for the company. The mine has a permitted life to 2042, following approvals in 2025 to support the continuation of open pit mining and the development of additional open pits.

The site encompasses a large tenement package and a workforce of ~1,200, including around 480 employees. Ore mined from the open pit is ~8Mt per annum, with the underground mine, which reached commercial production in 2024, expected to ramp up to 2.4Mt per annum in FY26, contributing significantly to total gold output. The processing plant is permitted to process up to 9.8Mt per annum.

Cowal’s favourable geological profile, as well as the team’s strong community engagement and strategic investment decisions, have positioned it as one of Australia’s most significant gold mining operations.

KEY FACTS

Ownership 100%
Current mine life 2042
Workforce ~480 employees
~800 contractors
Mining method Underground and open pit
Process method Crushing, two stage grinding, sulphide flotation, regrind and carbon-in-leach recovery
Processing FY25 ~8.0Mtpa (permit to 9.8Mtpa), ~87% gold recovery
Mineral Resources 280Mt at 0.98g/t gold for 8.9Moz of contained gold
Ore Reserves 140Mt at 1.01g/t gold for 4.4Moz of contained gold
Mineralisation type Structurally hosted sheeted veins and shear hosted lodes (epithermal to mesothermal)
FY25 gold production 330,008oz
FY25 AISC $1,752/oz

Organic growth

Cowal Gold Operations continues to demonstrate strong growth potential, both within the existing underground mine and the broader surrounding area.

Our underground exploration program is focused on identifying new, independent mining zones that could extend the life of underground production well into the future. Additional open pit mining will play a key role in supporting development and access, to fully realise the underground potential. We undertake surface drilling to help define future open pit ore sources – including promising targets at South Cowal and along the western corridor.

Learn more

At Cowal, Evolution’s mantra of ‘never say never’ has led to a longer mine life as we have boldly reimagined our future – taking our successful open pit operation underground in just seven years. Combined with unique work opportunities across processing, maintenance and support teams, our operational diversity at Cowal is great for uplifting careers.

The Cowal team is committed to fostering a diverse and inclusive workplace and making Evolution a career highlight for our people.

Search employment opportunities

Our Cowal community

Our Cowal Gold Operations sits within the Bland Shire, adjacent to the Lachlan and Forbes Shires on the traditional lands of the Wiradjuri people.

Our strong community support includes:

Local focus

We invest in and partner with communities to achieve meaningful outcomes, prioritising local procurement, employment and training opportunities, as well as health and wellbeing initiatives. We work in partnership with schools to raise awareness of the benefits of mining and future career pathways.

Being a residential mine site means our people live in and are connected to the community in which we operate. Around 70% of our employees reside in the Central West region.

We have an ongoing strong relationship with local Traditional Owners as well as the Wiradjuri Condobolin Corporation. Around 8% of our employees identify as Indigenous.

Proud to support

For many years, we have supported projects and initiatives across the Bland, Lachlan and Forbes Shires through sponsorship, donations and long-term partnerships to foster strong and sustainable communities that will thrive well beyond life of mine. These include our Galari Agricultural Company partnership, Lake Cowal Foundation and InHabitat partnership, Bland Shire Youth Art Project, Grazing Down the Lachlan and our five-year partnership wih the Bland Shire Council Skin Check Truck.

Living and working at Cowal

Cowal is a residential site where we encourage you to live nearby and enjoy the close-knit communities and lifestyles of the surrounding areas. The majority of our employees reside in West Wyalong and Forbes.

Transport

We provide bus transport to and from West Wyalong and Forbes to site via a bus. Travel time from Forbes to site is approximately 1 hour and 10 minutes, and 40 minutes from West Wyalong.

Accommodation and housing

Subject to availability, employees moving to West Wyalong may have the option of utilising Evolution accommodation. You also have the benefit of salary sacrificing your rental deductions. We also offer relocation packages.

Activities and sport

Being a regional town, sporting and social activities are core to the community. In West Wyalong, there are art classes, a range of sports to get involved in, a splash park, and an Olympic-sized swimming pool.

Find out more about the area

Bland Shire Council
Lachlan Shire Council
Forbes Shire Council

We are committed to building strong and enduring relationships with our local communities, grounded in respect, honesty, two-way dialogue and transparency.

Community engagement

Partnerships play a vital role in our engagement approach. We work closely with the Wiradjuri Condobolin Corporation (WCC) to support cultural heritage and community development, and with the Lake Cowal Conservation Foundation (LCF) to promote environmental stewardship. We also work with Bland, Forbes, and Lachlan Shire Councils to align our activities with regional priorities and contribute to sustainable local growth.

 

 

Community Environmental Monitoring & Consultative Committee (CEMCC)

Cowal’s CEMCC is a forum for the Cowal team to provide operational updates, and for community members to discuss issues with the operational team. The CEMCC meets quarterly. The minutes of the CEMCC meetings can be found in our Document Centre.

More information

Community investment

Through our Cowal Partnering Program, we support community organisations that aim to deliver positive outcomes across local infrastructure, economic development, health and wellbeing, community resilience, skills, education and training, environmental stewardship and arts, culture and sport. We also welcome requests for in-kind support, material donations or volunteer assistance in addition to financial contributions.

Guidelines
Application form

Community newsletters

Our community newsletter, Cowal Update, is published biannually and can be found in our Document Centre.

Cowal Update – December 2025

 

Community contact information

Contact us for more information, to provide feedback or to lodge a complaint.

General enquiries:
+61 2 6975 3454
[email protected]

Community enquiries and complaints (24/7):
+61 2 6975 3454