Slide 1: Quarterly Results December 2014
For personal use only Quarterly Results December 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: December quarter highlights
December quarter highlights Production For personal use only Record quarterly Group production of 113,280oz gold at a C1 cash cost of A$692/oz (US$593/oz1) and AISC2 of A$990/oz (US$848/oz1) – the lowest reported costs since Evolution’s formation Innovation and cost reduction initiatives at all
Slide 4: December quarter production
December quarter production For personal use only Mar quarter Jun quarter Sep quarter Dec quarter Units FY14 FY14 FY15 FY15 Gold produced1 oz 101,408 111,899 107,165 113,280 By-product silver produced oz 191,827 68,729 132,808 122,641 C1 cash cost 2 A$/oz 811 747 728 692 All-in sustaining cost3 A$/o
Slide 5: Operations
For personal use only Operations
Slide 6: Cracow
Cracow For personal use only A 7% increase in gold production to 23,280oz in December quarter C1 cash costs reduced by 16% to A$670/oz and AISC reduced to A$1,046/oz Cost savings: New supply agreements Utilisation of Pajingo’s surplus Production drilling at Cracow water truck and ROM loade
Slide 7: Pajingo
Pajingo For personal use only Lower gold production of 14,118oz due to lower mined grades C1 cash cost increased to A$853/oz and AISC of A$1,265/oz Stoping costs decreased by 33% to A$62/t and development costs reduced a further 19% to A$4,784/m compared to FY14 results Increased production
Slide 8: Edna May
Edna May For personal use only Record quarterly gold production of 29,906oz – a 40% increase on the prior quarter C1 cash cost reduced by 43% to A$535/oz and AISC of A$667/oz New mobile crusher helping to Edna May’s new mobile crusher improve plant throughput Transition to 24-hour mining in
Slide 9: Mt Rawdon
Mt Rawdon For personal use only Strong gold production of 27,066oz C1 cash of A$698/oz and AISC of A$896/oz Owner-miner running smoothly post transition with an estimated operating expenditure saving of A$9.0M in FY15 Good progress on cost savings in equipment maintenance, drilling and Mt Ra
Slide 10: Mt Carlton
Mt Carlton For personal use only Gold production of 18,909oz from V2 deposit C1 cash costs and AISC increased to A$837/oz and A$1,088/oz largely due to lower grade, lower by- product credits and accounting Mt Carlton V2 open pit adjustments following final A39 Mt Carlton plant shipment settlemen
Slide 11: Exploration
For personal use only Exploration
Slide 12: Exploration Highlights
Highlights For personal use only High-grade intersections at Pajingo (Camembert) – potential to extend resources along a new structure defined by 3D seismic survey 3.7m at 14.4g/t Au from 382m JMRD3973W1 4.2m at 7.6g/t Au from 426m JMRD3976W1 Cracow – Phase1 drilling in seismic cube commence
Slide 13: Pajingo – Camembert
Pajingo – Camembert For personal use only 13
Slide 14: Pajingo – Camembert
Pajingo – Camembert For personal use only 14
Slide 15: Pajingo – Camembert
Pajingo – Camembert For personal use only 15 Note: Jandam orebody and development is annotated to illustrate relative scale only
Slide 16: Financials
For personal use only Financials
Slide 17: Record mine cash flow
Record mine cash flow For personal use only Strong revenue of A$170M driven by record production Cost reduction and innovation activities positively impacting on cashflow Lower capital expenditure of A$41.1M Record mine cash flow of A$39.9M All operations again cash positive A$M Mine Cash
Slide 18: Healthy cash and balance sheet position
Healthy cash and balance sheet position Cash balance building For personal use only 31 Dec 2014 cash balance of A$47.4M (30 Sep 2014: A$37.9M) Unsold doré and concentrate of A$5.9M Balance sheet strengthened with corporate loan facility refinanced A$200M syndicated revolving credit facilit
Slide 19: Summary
Summary For personal use only Record production, record low costs and record cash generation through a continued focus on cost reduction initiatives, productivity improvements and capital discipline Operational stability and predictability delivered through a portfolio of five mines Strong fin
Slide 20: Evolution Mining
For personal use only Evolution Mining ASX Code: EVN www.evolutionmining.com.au
Slide 21: Production summary
Production summary December 2014 quarter Units Cracow Pajingo Edna May Mt Rawdon Mt Carlton Total / Average For personal use only UG lateral development - capital m 792 584 0 0 0 1,377 UG lateral development - operating m 567 885 0 0 0 1,452 Total UG lateral development m 1,359 1,470 0 0 0 2,829 UG