Evolution Mining announced that the Ernest Henry operation in Queensland, Australia, has safely resumed mining activities and will continue to safely ramp up activities to reach normal production levels by the end of the June quarter. Evolution suspended operations briefly due to issues related to excessive rainfall.
The company said weather-related impacts at Ernest Henry will result in lower gold and copper production of approximately 17,000 oz and 10,000 metric tons (mt) respectively for FY2023 while gold and copper production in the March quarter was reduced by approximately 6,400 oz and 4,100 mt respectively.
Prior to the weather event at Ernest Henry, Evolution was tracking toward the lower end of group production guidance and below the group all-in-sustaining cost guidance of $1,240/oz for gold. Copper production was tracking above the guidance of 55,000 mt by approximately 2,000 mt.
