Ernest Henry and Northparkes production includes copper production converted to gold equivalent using the formula [Cu (t) * 2024 achieved Cu price ($/t) / 2024 achieved Au price ($/oz)]. ... All-in Sustaining Cost (AISC) includes C1 cash cost, plus royalties, sustaining capital, general corporate and administration expense, calculated per ounce ...
Block cave mining accounts for the majority of ore production at Northparkes, with minor contributions from surface stockpile reclamation and open pit mining. ... C1 cash costs: Copper: USD: 1.08 / lb ** 0.92 / lb ** ** Net of By-Product. Financials. Units 2023 2022 2021 2020 2019 2018 2017; Capital expenditures (planned) M USD: 63.1 : Revenue ...
Our diversified portfolio of streams and royalties provides exposure to production from a suite of long-life mining assets, including the Northparkes copper-gold mine in Australia (Evolution), the Cerro Lindo polymetallic mine in Peru (Nexa), the Fosterville gold mine in Australia (Agnico Eagle), the Buriticá gold mine in Colombia (Zijin), the Impala Bafokeng …
NORTHPARKES COPPER-GOLD MINE Evolution Mining Limited (ASX:EVN) ("Evolution") is pleased to announce it has completed the acquisition of ... Evolution's share of Northparkes production, sales and costs will be reported consistently with all other assets ... cash position of the Northparkes operation before delivery into the stream and in ...
Let's start by plotting Actual Production of Copper in Tons on the x-axis, and Cash Cost (in $ per lb.) on the y-axis. The five lowest cost producers are highlighted in green. tom1.png
The cost data is sourced from our copper mine cost service and modelled using our latest macroeconomic and price assumptions. The excel download includes: Current year C1 cash cost curve on a composite basis; Mine-by-mine production and cash cost breakdown to C3; Mine ownership information; Metal price assumptions for …
Evolution agreed to buy the stake for $400 million in cash and a copper price-linked contingent consideration of up to $75 million. It will also take on CMOC's $356 million gold and silver ...
Copper trading in New York was pegged at $2.132 a pound ($4,700 a tonne) in afternoon trade, on track for a weekly decline of nearly 14% and the lowest close since early 2016, which marked the ...
TB Copper is anticipated to be a low-cost and long-life operation with a 1st quartile cost copper operation Globally Significant Copper Mines by Copper and Gold Grade ... Northparkes Telfer Red Dome Didipio Batu Hijau Khoemacau Tampakan Elang 0.0 0.5 1.0 1.5 ... 2024 production guidance US$2.67 /lb Cash cost in Q1 2024 Ownership: …
Once the transaction is completed, Northparkes will add about 19 000 oz of gold and 12 500 t of copper to Evolution's 2024 financial year guidance of 789 000 oz of …
In 2023, operating cash cost per pound of copper, including byproduct revenue credits, was $1.03. The $0.25 increase in cash cost reported versus the $0.78 per pound in 2022 was mainly attributable to $0.17 per pound increase in production cost and $0.08 reduction in byproduct revenue credits. At this point, we believe we're seeing the end of
Amid the Australian gold price reaching $3680 per ounce on August 5, Evolution Mining executive chair Jake Klein predicted that the price will continue to soar. "Since we emerged from the fog of COVID-19 in 2022 and the associated travel restrictions, I've stood at this podium for the last two years telling you that the price of gold would be higher the next …
cash flow and ROE. As 2022, the Year of Construction rolled out, two world-class projects of KFM and TFM mixed mine in the DRC progressed smoothly, ready to start production in 2023 and double our copper and cobalt production capacity. We maintained A MSCI ESG rating like leading peers such as Rio Tinto and joined the UN
Realised gold prices pumped 23% to $3190/oz, while copper prices rose 9% to $13,657/t, with all-in sustaining costs up 2% to $1477/oz. The final dividend, EVN's 23rd in a row, will see $99.3m returned to the pockets of EVN shareholders, whose response to the news bounded beyond the excitement of analysts, who felt the dividend …
Northparkes is a copper-gold underground mining operations and the first to use the block cave mining method in Australia. ... incorporating a number of granular data metrics to ultimately produce our industry standard cash operating costs. This report contains a detailed asset note giving you a holistic view of the asset, including an ...
MINING CYCLE >> 7-YEARS OF PLENTY FOLLOWED BY 7-YEARS OF DROUGHT Maintaining capital discipline, driving operational efficiencies across the value chain (mining, concentrating, smelting, refining ...
Northparkes had C1 + Sustaining Capex cash costs of US$1.15 /lb copper 1 in 2019, placing it in the first quartile on the global copper mine cost curve. Multi-decade mine life, providing robust ...
The applied flow model cut-off grades of 0.50 % and 0.75% copper equivalent ('CuEq') are determined through an economic evaluation process which considers the Net Smelter …
Group cash flow building as deleveraging gains momentum Gold production of 161,073 ounces at an All-in Sustaining Cost (AISC)1 of $1,618 per ounce (US$1,052/oz)2 in the quarter Group cash flow of $78.8 million (prior to dividends and Northparkes acquisition funding), up $105.2 million on the September quarter.
Evolution says it is creating a portfolio of long-life gold & copper assets and that Northparkes represents an immediate cash generating asset plus is a well-established, long-life operation. …
In December 5, 2023, Evolution Mining's informed the market about the acquisition of an 80% Interest in Northparkes Copper-Gold Mine, ... AISC is considered to be a more comprehensive measure of the cost of production than other metrics such as cash costs or total costs, as it takes into account the full lifecycle of a gold mine, including ...
Low-cost, long-life copper and gold operation with a pre-tax NPV 7 of A$560 million, IRR of 22% and Life of Mine net cash flow of A$1,081 million Estimated pre-production capital cost of A$279 million with average C1 costs for the first 10 years of steady-state operations of US$1.73/lb Cu (including by-product credits)
production guidance is 789,000 ounces (±5%) and copper production of 62,500 tonnes (±5%) at a sector leading All-in Sustaining Cost of $1,340 per ounce (±5%). Created Date
Once the transaction is completed, Northparkes will add about 19 000 oz of gold and 12 500 t of copper to Evolution's 2024 financial year guidance of 789 000 oz of gold and 62 500 t of copper.
Northparkes is the 2nd largest porphyry copper mine in Australia (to Cadia) 22 discoveries to date, of which 9 with proven economics ... Cumulative Mill Losses Cumulative Production Northparkes an expanding and very profitable mine ... • First quartile cash costs supported by efficient caving mining methods & above average grades
Net Sales: $3,818 million, a growth of 36% compared to the second quarter of the previous year. Copper Production: 242,474 tons in the second quarter, with a 15% increase in Peru. Molybdenum Production: Increased by 21% in the second quarter compared to the same period last year. Silver Production: Mined silver increased by …
Advertisement. Evolution Mining has entered into a binding agreement to acquire an 80% interest in the Northparkes Copper-Gold Mine from CMOC Group Limited. Evolution will acquire Northparkes, …
The Northparkes Operations include a copper-gold mine located 27km north-west of Parkes in New South Wales, Australia. ... Mining production from the E48 block cave finished in December 2023 …
interest in the Northparkes Copper -Gold Mine (" Northparkes " or " Northparkes JV ") from CMOC Group Limited ("CMOC ") (the "Transaction"). Evolution will acquire Northparkes, located in New South Wales, for total cash consideration of up to US$475 million, comprised of: i. upfront cash consideration of US$400 million; and ii.
• Evolution acquired an 80% interest in the Northparkes copper-gold mine from CMOC Group Limited ('CMOC') in December 2023. ... 140,000 hedged at $2,078/oz). An increase in Ernest Henry copper production following its full recovery from the FY23 weather event, as well as an increase in the achieved copper price from $12,500/t to $13,657/t ...
Cash cost and AISC Indicative Financial Metrics ... Northparkes Telfer Red Dome Didipio Batu Hijau Khoemacau Tampakan Elang 0.0 0.5 1.0 1.5 2.0 2.5 ... Underground Open Pit/ Mixed Development Production Global Copper Cost Curve – AISC . 18 Investor Presentation – August 2024
TORONTO, July 12, 2020 /CNW/ - Triple Flag Precious Metals Corp. ('TFPM') is pleased to announce that its wholly-owned subsidiary, Triple Flag Min...
Record quarterly group cash flow up 171% to $2301 million (Mar qtr: $85 million) Gold production up 14% to 212,070 ounces. Copper production consistent at 20,318 tonnes All-in Sustaining Cost (AISC)2 reduced by 13% to $1,275 per ounce (US$842/oz)3 Record quarterly net mine cash flow up 74% to $242 million, equivalent to $1,170 per ounce
1. Northparkes net mine cash flow YTD covers the period from 16 December 2023 to 31 May 2024 2. As at 14 June 2024 using a spot copper price of $4.46/lb 3. The Group Mineral Resource is reported inclusive of the Northparkes Mineral Resource, which excludes the Northparkes Ore Reserve.
Northparkes undergoing mine expansion with life to 2047 from 5 orebodies + PEA/resource upside1. Commenced production in 1994: Reserve 68Mt. 25 years on: Reserves 133Mt and 483Mt Resources. Continued …
Exchange Act of 1934. Non-IFRS/non-GAAP measures in this presentation include gearing, sustaining capital, major product capital, major mine development, production cost information such as All-in Sustaining Cost and All-in Cost. Evolution believes this non-IFRS/non-GAAP financial
