https://www.engineeringnews.co.za

Evolution confirms talks to buy WA assets from La Mancha

Evolution confirms talks to buy WA assets from La Mancha

Photo by Bloomberg

27th March 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Australian gold miner Evolution Mining on Friday confirmed reports that the company had been engaging private gold producer La Mancha in negotiations regarding potential asset acquisitions.

Evolution reported that discussions with La Mancha had taken place regarding a possible transaction involving the private firm’s Western Australian assets; however, the company was quick to point out that no sales terms had been agreed upon.

“There is no certainty that these discussions will lead to a transaction,” Evolution said in a statement.

La Mancha has a combined measured and indicated resource of 34.1-million tonnes, grading 2.08 g/t gold for 2.28-million ounces of gold in Western Australia, along with proven and probable reserves of 10.3-million tonnes, grading 2.93 g/t gold for 971 000 oz of gold.

The flagship Frog’s Leg underground mine is about 20 km from Kalgoorlie, with the White Foil openpit mine about 2 km from the Frog’s Leg operation. The White Foil project was restarted in mid-2014, following the construction of the on-site Mungari mill.

White Foil was expected to deliver between 30 000 oz and 35 000 oz of gold in the full-year, with Frog’s Leg expected to produce between 130 000 oz and 135 000 oz.

Evolution at the end of the December interim period had reported record production of 220 444 oz of gold equivalent ounces from its own operations.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.049 1.073s - 140pq - 2rq
Subscribe Now