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. We completed the acquisition of the Red Lake Operation on 1 April 2020. 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. Please note the information presented is deemed representative at the time of its original release. We own and operate a portfolio of gold mines across Australia. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. 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. 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. Evolution Mining LTD., (“EVN”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The operation comprises the Red Lake, Campbell and Cochenour mines over a strike length of 7km. Red Lake is accessible by major highways, with commercial air services to the mine from Thunder Bay and Winnipeg. 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 non-IFRS information is not prepared in accordance with IFRS and may not be comparable to non-IFRS information used by other companies. Positive Outlook. 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. 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. 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. At the time of the purchase they said “Red Lake is an under-capitalized asset which, through a committed investment in development and exploration, is intended to become a cornerstone asset in the Evolution portfolio.”. 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. AISC of A$1,943/oz was under the A$2,100 – A$2,300/oz guidance range. "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 … Mining at Red Lake is undertaken predominantly via long-hole stoping. Evolution Mining is a leading, growth-focused globally relevant gold company. The company completed the US$375 million acquisition of Red Lake from Newmont on April 1. in the third quarter – putting the gold miner ahead of its 2020 guidance. 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. One of the headframes in Red Lake, Ont., belonging to Evolution Mining. 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. This three-year project will deliver sustainable, low-cost production of 200,000 ounces per year with an AISC under US$1,000/oz. I have been working at Evolution Mining full-time. In order to achieve this the Red Lake workforce needed to be restructured and unfortunately this means the overall headcount has been reduced. 9 Evolution Mining reviews. of gold at its six mines in Australia and Canada at all-in sustaining costs (AISCs) of US$857 (A$1,198) per oz. 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. Newmont acquired Red Lake from Goldcorp when the two companies merged earlier this year. The mine currently employs some ~900 employees & contractors. 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. 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 has evacuated its workforce at the Red Lake underground operation in Ontario, Canada following the threat of a nearby forest fire. 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. 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. SIGNIFICANT MINE LIFE EXTENSION POTENTIAL 13 Surface -1000mbs -2000mbs 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. Approves of CEO. 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 were created in late 2011 and operate six wholly owned mines across Australia and Ontario, Canada. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. The initial focus of the project is on increasing underground development rates, rationalising workforce numbers and decommissioning redundant equipment. 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. Mr Attew is a Member of both the Audit Committee and the Nomination and Remuneration Committee. “The mine has been evacuated and all Evolution … 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 … About Evolution Mining Evolution Mining is a leading, growth-focused Australian gold miner. The Cochenour mine is connected to Red Lake by a 5km haulage drift, with ore processed at the Campbell Mill. The operation comprises the historic Dickenson, Campbell and Cochenour mines, with multiple shafts and associated processing facilities. 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 Ltd. [EVN-ASX] on Wednesday issued an advisory stating that operations at its Red Lake gold mine have been temporarily suspended. This is the Evolution Mining company profile. Red Lake is accessible by major highways, with commercial air services to the mine from Thunder Bay and Winnipeg. We have done our best to support all impacted employees through transparent communication, redundancy packages, employee and family assistance and career transition support.”. 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 on 26 November 2019 the agreement with Newmont Corporation to acquire 100% of the Red Lake Gold Mine for US$375 million 1. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures. 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. Jason is currently the President and CEO of Gold Standard Ventures Corporation. 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. Jun 19, 2020 5:32 AM Layoffs at the Evolution Mine in Red Lake. All content is posted anonymously by employees working at Evolution Mining. 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. The Red Lake Mine complex has plenty more gold to be discovered, said its new Australian owners. Those impacted include Supervisors, operators and office staff. The additional payments are tied to new resource discoveries. 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.