In times of uncertainty, gold has been the go-to for investors looking to weather the storm. And there’s plenty of it, currently. With the price of gold on the up, expecting to hit US$10,000 in the next few years, Australia’s gold miners could once again be providing sanctuary for investors...
Today, Evolution Mining announced its preliminary 2019 financial year operating results, as well as next year’s guidance.Gold production between the June 2019 quarter, sat around 194,886 ounces, with an All-in Sustaining Cost (ASIC) of $915 per ounce.Additionally, the company says cash generation of $109.4 million has thrust Evolution to a net cash position of $35.2 million as of 30 June.
Shares of Evolution Mining [ASX:EVN] fell by 3.27% on Thursday, closing at $0.74. The share price has pretty much gone sideways for a month now.
Shares of Evolution Mining [ASX:EVN] fell by 5.77% on Monday, closing at $0.735.
Evolution Mining [ASX:EVN] shareholders have had bragging rights this year; the share price increased close to 100% since its December 2013 low.