Slide 1: Quarterly Results September 2014
For personal use only Quarterly Results September 2014
Slide 2: Disclaimer: Forward looking statements
For personal use only DISCLAIMER Forward looking statements These materials prepared by Evolution Mining Limited (or “the Company”) include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “
Slide 3: September quarter highlights
September quarter highlights Production For personal use only Strong start to FY15 with Sep quarter production of 107,165oz gold equivalent1 delivered at an average cash cost of A$728/oz (US$673/oz2) and AISC3 of A$1,083/oz (US$1,002/oz2) Good progress on cost reductions Production and cost gu
Slide 4: September quarter production
September quarter production For personal use only Dec quarter Mar quarter Jun quarter Sep quarter Units FY14 FY14 FY14 FY15 Gold equivalent produced1 oz 107,201 101,408 111,899 107,165 By-product silver produced oz 60,388 191,827 68,729 132,808 C1 cash cost 2 A$/oz 764 811 747 728 All-in sustaining
Slide 5: Operations
For personal use only Operations
Slide 6: Cracow
Cracow For personal use only Consistent gold production of 21,804oz in Sep quarter C1 cash costs of A$801/oz and AISC of A$1,179/oz Resource definition drilling focussed on defining and extending mineralisation at Kilkenny, Tipperary and Empire areas Ore hauling at Cracow Stoping commenced a
Slide 7: Pajingo
Pajingo For personal use only Continued improvement at Pajingo with a ~10% lift in gold production to 18,067oz in the Sep quarter C1 cash costs reduced by 8% to A$717/oz compared to prior quarter and AISC of A$1,137/oz All key metrics met or exceeded during the quarter Further cost reduction
Slide 8: Edna May
Edna May For personal use only September quarter gold production of 21,310oz C1 cash cost of A$934/oz and AISC of A$1,117/oz Unit costs reduced due to lower operating costs Increased capital waste movement saw AISC increase Edna May open pit: September 2014 as planned 1,263 1,200 978 945 934
Slide 9: Mt Rawdon
Mt Rawdon For personal use only Strong gold production of 26,540oz C1 cost of A$594/oz and AISC of A$947/oz Better than expected productivity and operating costs to date – post shift to owner-miner 1 July 2014 Unit mining rates reduced to A$3.41/t Mt Rawdon: celebrating the mine’s 40th tonne
Slide 10: Mt Carlton
Mt Carlton 795 50,000 737 For personal use only Sep quarter gold equivalent production of 19,443oz – mainly V2 ore 615 600 C1 cash costs and AISC decreased to 454 A$615/oz and A$809/oz due to higher 25,000 26,109oz by-product credits (V2 ore) and higher 22,747oz 300 20,193oz 19,443oz than expect
Slide 11: Exploration
For personal use only Exploration
Slide 12: Exploration highlights
Highlights For personal use only Pajingo – all six holes into Camembert prospect intersected epithermal veins and gold mineralisation Cracow – 3D seismic interpretation and selection of targets for drilling in Dec 2014 qtr Tennant Creek JV – encouraging ore- grade gold and copper intercepts fr
Slide 13: Seismic update
Seismic update For personal use only Pajingo Initial processing of 3D survey completed – 1,400m long fault extending from Zed to Camembert clearly mapped 3D being reprocessed to seek further improvements Cracow Exceptional survey – faults correspond to known orebodies Fault strand geomet
Slide 14: Pajingo exploration
Pajingo exploration For personal use only Camembert – a new vein system intersected in 6 holes ±100m below an arsenic+antimony+mercury enriched sinter Top of system - narrow veins with >10g/t assays and vein morphology > 1200m strike potential between Zed-Camembert Further drill targets from
Slide 15: Financials
For personal use only Financials
Slide 16: Financials
Financials For personal use only Revenue from operations of A$155M - Gold doré revenue of A$126M Breakdown of Mine Contribution to - Concentrate revenue of A$29M Operating Cash Flow of A$17.1M Gold sales at an average price of A$1,431/oz Mt Carlton Cracow Operating costs to plan and improving
Slide 17: Capital discipline
Capital discipline For personal use only Cash balance increased during the quarter - Up to A$37.9M from $31.5M at end of June 2014 - Unsold doré and concentrate decreased to A$7.0M (30 Jun 2014: A$9.8M) Corporate debt under revolving credit facility - Unchanged at A$126.8M - Available credit of
Slide 18: Summary
Summary For personal use only Operational stability and predictability with all five mines performing well Group production and costs within FY15 guidance Continued focus on cost reductions, production efficiencies and capital discipline Strong financial position – all sites generating cash,
Slide 19: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au
Slide 20: Production summary
Production summary September 2014 quarter Units Cracow Pajingo Edna May Mt Rawdon Mt Carlton Total / Average For personal use only UG lateral development - capital m 823 583 0 0 0 1,406 UG lateral development - operating m 806 741 0 0 0 1,547 Total UG lateral development m 1,628 1,324 0 0 0 2,953 UG
Slide 21: Competent person statement
For personal use only Competent person statement The information in this statement that relates to the exploration results listed in the table below is based on work compiled by the person whose name appears in the same row, who is employed on a full-time basis by Evolution Mining Limited and is a m