{"id":18150,"date":"2023-06-04T20:08:41","date_gmt":"2023-06-05T00:08:41","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/evolution-extends-lives-of-two-mines-restructures-debt\/"},"modified":"2023-06-04T20:08:41","modified_gmt":"2023-06-05T00:08:41","slug":"evolution-extends-lives-of-two-mines-restructures-debt","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=18150","title":{"rendered":"Evolution Extends Lives of Two Mines, Restructures Debt"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230604-700974\" role=\"document\">\n<p>By Rhiannon Hoyle<\/p>\n<pre><\/pre>\n<p>Evolution Mining on Monday said it has extended the lives of two mining operations in Australia, and that it has restructured its debts.<\/p>\n<p>The company said it has extended the life of its Mungari gold mine to 2038 and approved a 250 million Australian dollar (US$165 million) investment in a plant expansion there.<\/p>\n<div class=\"paywall\">\n<p>&#8220;This plant expansion unlocks the very large regional resource base, reduces all-in sustaining costs by 18% to A$1,750 per ounce, extends the mine life out to 15 years, and grows production to over 200,000 [troy] ounces post commissioning,&#8221; said Chief Executive Lawrie Conway.<\/p>\n<p>Evolution separately said it has completed a prefeasibility study that extends the life of its Ernest Henry copper and gold mine to 2040. It said it will invest A$15 million in a feasibility study and A$7.5 million in a drilling program there.<\/p>\n<p>The miner also said it has restructured its debt maturity profile to increase the flexibility of its balance sheet, which involved a US$200 million U.S. private placement and has not increased Evolution&#8217;s total debts.<\/p>\n<pre><\/pre>\n<p>Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/evolution-extends-lives-of-two-mines-restructures-debt-39f76564?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Rhiannon Hoyle Evolution Mining on Monday said it has extended the lives of two mining operations in Australia, and that it has restructured its debts. The company said it has extended the life of its Mungari gold mine to 2038 and approved a 250 million Australian dollar (US$165 million) investment in a plant expansion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-18150","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Evolution Extends Lives of Two Mines, Restructures Debt | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Rhiannon Hoyle Evolution Mining on Monday said it has extended the lives of two mining operations in Australia, and that it has restructured its debts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=18150\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Evolution Extends Lives of Two Mines, Restructures Debt | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"By Rhiannon Hoyle Evolution Mining on Monday said it has extended the lives of two mining operations in Australia, and that it has restructured its debts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=18150\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-05T00:08:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=18150#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=18150\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Evolution Extends Lives of Two Mines, Restructures Debt\",\"datePublished\":\"2023-06-05T00:08:41+00:00\",\"dateModified\":\"2023-06-05T00:08:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=18150\"},\"wordCount\":193,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=18150#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=18150\",\"url\":\"https:\/\/ifintechworld.com\/?p=18150\",\"name\":\"Evolution Extends Lives of Two Mines, Restructures Debt | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-05T00:08:41+00:00\",\"dateModified\":\"2023-06-05T00:08:41+00:00\",\"description\":\"By Rhiannon Hoyle Evolution Mining on Monday said it has extended the lives of two mining operations in Australia, and that it has restructured its debts.\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=18150#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=18150\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=18150#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Evolution Extends Lives of Two Mines, Restructures Debt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Evolution Extends Lives of Two Mines, Restructures Debt | iFintechWorld","description":"By Rhiannon Hoyle Evolution Mining on Monday said it has extended the lives of two mining operations in Australia, and that it has restructured its debts.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=18150","og_locale":"en_US","og_type":"article","og_title":"Evolution Extends Lives of Two Mines, Restructures Debt | iFintechWorld","og_description":"By Rhiannon Hoyle Evolution Mining on Monday said it has extended the lives of two mining operations in Australia, and that it has restructured its debts.","og_url":"https:\/\/ifintechworld.com\/?p=18150","og_site_name":"iFintechWorld","article_published_time":"2023-06-05T00:08:41+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png","type":"image\/png"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=18150#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=18150"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Evolution Extends Lives of Two Mines, Restructures Debt","datePublished":"2023-06-05T00:08:41+00:00","dateModified":"2023-06-05T00:08:41+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=18150"},"wordCount":193,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=18150#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=18150","url":"https:\/\/ifintechworld.com\/?p=18150","name":"Evolution Extends Lives of Two Mines, Restructures Debt | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-05T00:08:41+00:00","dateModified":"2023-06-05T00:08:41+00:00","description":"By Rhiannon Hoyle Evolution Mining on Monday said it has extended the lives of two mining operations in Australia, and that it has restructured its debts.","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=18150#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=18150"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=18150#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Evolution Extends Lives of Two Mines, Restructures Debt"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/18150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18150"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/18150\/revisions"}],"predecessor-version":[{"id":18151,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/18150\/revisions\/18151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1898"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}