Australia Gold Miner Evolution to Power Ahead With Expansion

Evolution Mining Ltd. will use its record profits off the back of high gold prices to push ahead with two major high-grade expansion plans, according to Chief Executive Officer Lawrie Conway.

Australia’s second-largest gold miner will proceed with A$794 million ($562 million) worth of expansions at its Northparkes mine in New South Wales and its Ernest Henry copper-gold hub in Queensland, while also widening its footprint in Canada, Conway said in an interview with Bloomberg TV on Wednesday. The projects were chosen because of their high rate of return.