Evolution targets 890 000 oz/y by 2019

Gold miner Evolution Mining was targeting a 890 000 oz gold output by 2019, following the divestment of its Panjingo mine and its acquisition of a stake in the Ernest Henry mine, both in Queensland. Evolution in August this year agreed to divest of its Panjingo mine to an emerging Chinese miner in a deal valued at A$52-million. In that same month, the gold miner agreed to pay A$880-million for a 30% stake in the Ernest Henry mine.