Slide 1: Quarterly Results March 2015
For personal use only Quarterly Results March 2015
Slide 2: Disclaimer
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: March 2015 quarter highlights
March 2015 quarter highlights Production For personal use only Group production in line with guidance at 103,305 gold ounces (pre-released on 8 April 2015) C1 cash cost of A$736 per ounce (US$579/oz1) and AISC2 of A$1,024 per ounce (US$806/oz1) – both below the lower end of FY15 guidance FY15
Slide 4: March quarter production
March quarter production For personal use only Jun quarter Sep quarter Dec quarter Mar quarter Units FY14 FY15 FY15 FY15 Gold produced1 oz 111,899 107,165 113,280 103,305 By-product silver produced oz 68,729 132,808 122,641 115,832 C1 cash cost 2 A$/oz 747 728 692 736 All-in sustaining cost3 A$/oz 1
Slide 5: Operations
For personal use only Operations
Slide 6: Cracow
Cracow For personal use only March 2015 quarter gold production of 20,112oz C1 cash cost of A$834/oz and an AISC of A$1,162/oz Higher unit costs due to mining lower grade stopes during the quarter FY15 YTD cost saving initiatives include: Production drilling at Cracow Surface contract (dus
Slide 7: Pajingo
Pajingo For personal use only Improved March quarter with production increasing by 29% to 18,151oz C1 costs reduced by 11% to A$758/oz; AISC reduced by 16% to A$1,068/oz Planned higher grade stopes contributed to higher gold production and good site cash flow generation Gold pour at Pajingo
Slide 8: Edna May
Edna May For personal use only Another strong quarter with production of 25,267oz C1 cash cost of A$663/oz; AISC of A$825/oz To update Continued positive reconciliation of mined grade at 1.18g/t 24-hour mining recommenced in mid-February Stage 1 and 2 – March 2015 Evolution’s highest gold
Slide 9: Mt Rawdon
Mt Rawdon For personal use only March quarter production of 21,315oz C1 cash of A$680/oz and AISC of A$864/oz Operation briefly interrupted due to ex-cyclone Marcia. Access to high grade ore on pit floor temporarily restricted. Production has since returned to normal Mt Rawdon open pit looking
Slide 10: Mt Carlton
Mt Carlton For personal use only Gold production consistent at 18,460oz C1 cash costs reduced by 8% to A$773/oz and AISC reduced by 15% to A$921/oz Optimisation projects are well advanced to maximise plant efficiencies for V2 ore Mt Carlton V2 deposit – March 2015 Board approved purchase of
Slide 11: Exploration
For personal use only Exploration
Slide 12: Exploration Highlights
Highlights For personal use only Target drilling in seismic cubes at Cracow and Pajingo Eight new intersections into Camembert vein at Pajingo 1.6m @ 16.66g/t Au from 364m (JMRD 3984) 2.9m @ 6.07g/t Au from 448m (JMRD 3985) Tennant Creek JV – 18,000m drill programme commenced which will fo
Slide 13: Financials
For personal use only Financials
Slide 14: Record free cash flow
Record free cash flow For personal use only Record quarterly free cash flow of A$26.9 million Cash flow from operations of A$39.4 million – on par with December’s record site cash flow despite sales volume being 12% lower (Dec 2014 qtr: $A39.9 million) A$35.0 million debt repayment made during
Slide 15: Summary
Summary For personal use only Strong margin expansion sees record cash flow generation Another consistent quarter of meeting production guidance and continued improvements to cost base Operational stability and predictability delivered through a portfolio of five mines Strong financial posit
Slide 16: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au
Slide 17: Production summary
Production summary March Quarter FY15 Units Cracow Pajingo Edna May Mt Rawdon Mt Carlton Group For personal use only UG lateral development - capital m 630 548 0 0 0 1,178 UG lateral development - operating m 722 759 0 0 0 1,481 Total UG lateral development m 1,352 1,307 0 0 0 2,659 UG ore mined kt
Slide 18: 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