Jul 19, 2021
Evolution Mining plans to pour millions into Red Lake gold complex
< 1 MIN READ
Australian miner on three-year spending spree to boost gold production, expand mill capacity and add 15 years of mine life.
Australia’s Evolution Mining plans to sink a lot of money into its Red Lake gold mining and milling operations over the next three years.
The company’s board of directors recently approved a plan with a three-year capital investment timetable for Red Lake with the intent to boost gold production to more than 350,000 ounces a year by 2026, and extend mine life in the prolific northwestern Ontario camp by more than 15 years.
In a July 16 news release outlining its strategy, Evolution said the May acquisition of its Red Lake neighbour – Battle North Gold’s Bateman Mine – only served to “accelerate” its growth plan to restore Red Lake into one of Canada’s premier mining districts.
To read the entire article from Northern Ontario Business, click HERE.