Evolution Mining, a leading Australian gold producer, is making a big-splash entry into Canada by acquiring the Red Lake Gold Complex from Newmont Goldcorp in a cash deal worth US$475 million.. The Sydney and Perth-headquartered gold miner made the announcement on Nov. 26, Australian time. The news release included details of a three-year “turnaround” plan to “reinvigorate” the northwestern.. At Evolution’s Canadian operations – Red Lake in Ontario – which it acquired from Newmont in early 2020, Evolution has made progress on its plans to transform the asset to a producer of more than 200,000 oz. of gold per year at AISCs of less than US$1,000 per oz. The Sydney, Australia-based company established an initial JORC-compliant.
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Red Lake (also known as Lake Ghilcoş or the Killer lake) is a natural dam lake formed following
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The largest player in the Red Lake, Ont., mining camp is about to have an even bigger piece of the golden pie. Evolution Mining proposed to buy out Battle North Gold in a cash transaction worth.. RLGM was created on May 12, 2006, when Dickenson and Campbell Mines merged into a single mining operation. Production, reserves and exploration projects were combined, making it the largest mine in Red Lake’s history. Exploration continued, and RLGM completed 554,427.8 metres (1,818,989 feet) of definition, delineation and exploration diamond.
