‘No current plan to sell’: Evolution Mining says no deal afoot for Kalgoorlie Mungari mine | USAEMALL.com

Gold producer Evolution Mining has sought to put the kibosh on speculation its Mungari mine near Kalgoorlie is about to hit the market.

An Evolution spokesman on Monday said the listed company had “no current plan to sell the asset” — which is the only gold mine the Sydney-based company has in the State.

The denial was in response to an east coast media report at the weekend that suggested there were suitors “interested” in the asset, including China’s Zijin Mining and “other WA gold miners”.

“We have no current plan to sell the asset,” the Evolution spokesman said.

“Our Mungari 4.2 mill expansion project is progressing well, placing it ahead of schedule and within budget. Upon completion, we expect Mungari to be a major cash contributor with annual production of up to 200,000 ounces in the first five years post expansion as part of a mine life of approximately 15 years.”

Evolution is in the process of upgrading the WA asset to double its mill capacity from 2 million tonnes per annum to 4.2mtpa under a $250 million expansion, and is due to finish the works in March 2026.