Slide 1: Quarterly Results March 2014
For personal use only Quarterly Results March 2014
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Evolution Mining Limited (“Evolution Mining”) and consists of slides for a presentation concerning the Company. By reviewing/attending this presentation, you acknowledge and agree the following. This presentation includes fo
Slide 3: March 2014 quarter highlights
March 2014 quarter highlights For personal use only Production Consistent Group production of 101,408oz delivered at an average cash cost of A$811/oz (US$727/oz1) and AISC2 of A$1,079/oz (US$968/oz) Standout performance at Mt Carlton with 26,109 AuEq3 ounces produced at an average C1 cash cost o
Slide 4: March 2014 quarter production
March 2014 quarter production For personal use only Mar quarter Dec quarter Sep quarter Year to date Units 2014 2013 2013 FY14 Gold produced1 oz 101,408 107,201 107,195 315,804 By-product silver produced oz 191,827 60,388 234,259 486,474 C1 Cash Cost2 A$/oz 811 764 769 781 C3 Total Cost3,5 A$/oz 1,1
Slide 5: Improved safety performance
Improved safety performance For personal use only 25.0 30 Sustained improvements in Group safety performance 20.0 25 Injury prevention programs Number of TRI's driving risk reduction TRI Average 15.0 20 Group total recordable injury 10.0 15 frequency rate is 13.3 Group lost time injury rate
Slide 6: March 2014 quarter AISC
March 2014 quarter AISC $1.03 For personal use only $1,400 $1.05 $0.92 $0.93 $0.90 $1,200 $0.90 $1,000 $0.75 $800 $0.60 US$1,213 A$1,178 A$1,091 A$1,079 A$1,053 US$1,000 $600 $0.45 US$978 US$968 $400 $0.30 $200 $0.15 $0 $0.00 FY13 Q1 FY14 Q2 FY14 Q3 FY14 Group AISC ($A/oz) Group AISC (US$/oz) US Exc
Slide 7: Delivering stability & predictability
Delivering stability & predictability For personal use only Ten consecutive quarters of consistent, reliable operating performance A portfolio of five assets delivering operational stability and predictability A focus on capital discipline and productivity efficiencies 400 - 450koz 392,918oz G
Slide 8: Operations
For personal use only Operations
Slide 9: A focus on cost reductions
A focus on cost reductions For personal use only A$21/oz A$4/oz A$96/oz A$1,178/oz A$21/oz A$1,079/oz AISC FY13 C1 Cash cost Royalty Sustaining Admin Expenses AISC Mar 2014 Capex Qtr Note: In FY13 AISC was reported as A$1,228/oz (included Discovery costs). In FY14, AISC definition excludes Discovery
Slide 10: Cracow
Cracow For personal use only Consistent gold production of 24,321oz (Dec qtr: 24,016oz) Cash cost of A$616/oz, AISC of A$938/oz (Dec qtr: C1 A$712/oz, AISC A$1,034/oz) Cost savings following change to owner-miner estimated to be A$18-20M in FY14 (A$180 – A$200 per ounce AISC saving) 127,591t
Slide 11: Pajingo
Pajingo For personal use only March quarter production of 15,068oz of gold (Dec qtr: 12,346oz) – 76,253t processed at 6.42g/t Au (Dec qtr: 81,682t at 4.93g/t Au) Cash cost of A$814/oz, AISC of A$1,114/oz (Sep qtr: C1 A$1004/oz, AISC A$1,481/oz) Total site costs per month of A$6.3M for March qu
Slide 12: Edna May
Edna May For personal use only Gold production of 17,879oz (Dec qtr: 20,382oz). Cash cost of A$1,263/oz, AISC A$1,434/oz (Dec qtr: C1 A$978/oz, AISC A$1,172/oz) 667,110t processed at 0.90g/t Au (Dec qtr: 644,459t at 1.04g/t Au) Unit costs higher due to lower grade and unplanned shutdowns (powe
Slide 13: Mt Rawdon
Mt Rawdon For personal use only Gold production of 18,033oz at a cash cost of A$1,139/oz and AISC of A$1,285/oz (Dec qtr: 27,710oz, C1 A$520/oz, AISC A$674/oz) Lower production due to rainfall restricting mining access and lower grade in upper areas of Stage 3 pit Western waste dump clearing a
Slide 14: Mt Carlton
Mt Carlton For personal use only Gold equivalent production of 26,109oz at a cash cost of A$454/oz and AISC of A$615/oz (Dec qtr: 22,747oz, C1 A$795/oz, AISC A$986/oz) Significantly higher production than December quarter due to higher grade and processing predominantly V2 ore (costs reduced for
Slide 15: Exploration
For personal use only Exploration
Slide 16: Exploration Highlights
Exploration Highlights For personal use only Exploration expenditure of A$3.0M for the quarter and A$10.8M YTD At Cracow, Empire South structure extended south towards Coronation 2D seismic enables direct targeting Proof of concept drill holes Building 4D datasets Structure + alteration
Slide 17: Exploration - Pajingo
Exploration - Pajingo For personal use only Proof of concept diamond holes 1.2km x 1.6km area of 3D survey Location of Vera Nancy fault 0 2,000m 3km depth Syn-mineral normal faults Post-mineral inversion Stratigraphic markers in volcanic sequence 17
Slide 18: Financials
For personal use only Financials
Slide 19: Financials
Financials For personal use only Revenue from operations was A$154M – comprised of gold doré revenue of A$115M and Mt Carlton concentrate revenue of A$39M Gold sales of 92,669oz at an average price A$1,461/oz Strong cash inflow from operating activities of A$28M A$M Cash Flow A$200 A$180 A$95.
Slide 20: Capital discipline
Capital discipline For personal use only Gold hedge book total stands at 184,774oz at average A$1,595/oz Cash in bank at 31 March 2014 of A$36.7M (Dec qtr: A$37.0M) Corporate debt is at A$141.8M with available credit A$58.2M at 31 March 2014 Total capital expenditure was A$31.6M – 52% invest
Slide 21: Evolution Mining
Evolution Mining For personal use only Operational stability and predictability with a portfolio of five operations FY14 production and guidance maintained: 400,000 – 450,000 gold equivalent with cash operating costs in the range of A$770 – A$820/oz All-in Sustaining Cost range of A$1,080 – A$
Slide 22: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au
Slide 23: Appendix - Production Summary
Appendix - Production Summary For personal use only March 2014 Quarter Units Cracow Pajingo Edna May Mt Rawdon Mt Carlton Total / Average UG lateral development - capital m 639 656 - - - 1,295 UG lateral development - operating m 759 506 - - - 1,265 Total UG lateral development m 1,398 1,163 - - - 2