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Evolution produces record 208,963 gold ounces in Q3'16

Evolution MiningLtd. said April 8 that it posted record gold production of 208,963 ouncesin the third quarter of fiscal 2016, at an all-in sustaining cost of A$1,015 perounce.

The company also reported record operating mine cash flow ofA$154.9 million and net mine cash flow, after sustaining and major capital, of A$105.8million for the March quarter, compared to operating mine cash flow of A$141.9 millionand net mine cash flow of A$97.8 million in the December 2015 quarter.

Evolution noted that it has reduced its total debt to A$400.0million with A$80.0 million in early debt repayments made during the quarter. Aninterim dividend cash payment of A$12.1 million has been declared.

The company swungto an after-tax loss of A$15.5 million in the first half of fiscal 2016 from anafter-tax profit of A$43.1 million in the corresponding half of the prior year.