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Jul 19, 2021

   

Industry News

Evolution Mining plans to pour millions into Red Lake gold complex

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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.