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NEWS

admin, December 2016

December 2016

Gold miner, Evolution Mining (ASX:EVN), has a strong capital position and across its portfolio of assets, mining costs are heavily biased to the first and second quartile of global production (i.e. low-cost mines).

Australian gold miners have benefited in recent times from the falling Australian dollar which increases the value of gold sales, while the bulk of their costs are Australian-dollar based. With costs across the whole mining sector falling as miners seek large productivity improvements, this has been highly favourable to the gold names as the gold price has trended higher.

We recently added EVN to our Ralton Australian Shares portfolio and expect the company to participate in further industry consolidation as it arises.

October 2016 reports