The West

Evolution s Edna May gold mine east of Perth.
Evolution's Edna May gold mine east of Perth.

UPDATE 2.50pm: Evolution Mining has announced a 15 per cent jump in quarterly gold production to a record 97,149 ounces, with its Mt Rawdon and Cracow mines in Queensland being standout performers.

The output was achieved on cash costs of less than $780 an ounce, down from $809 an ounce in the previous quarter.

Evolution executive chairman Jake Klein said the production figures were a testament to the benefits of having a diverse portfolio of assets which allowed the company to deliver a level of operational predictability that was not possible in single asset companies.

Evolution said construction of the Mt Carlton gold-silver-copper project in Queensland was advancing well and remained on schedule for commissioning in the December quarter.

The company said it would release its quarterly report before the open on July 26.

Evolution was formed from the merger of Conquest Mining and Catalpa Resources and the concurrent purchase of Newcrest Mining's interests in the Cracow and Mt Rawdon mines.

Evolution also owns the Edna May gold mine east of Perth and the Pajingo gold mine in Queensland.

Shares in the company closed up four cents, or 3.16 per cent, at $1.305 after hitting an earlier peak of $1.415 in early trade.

The West Australian

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