Evolution Mining Limited
(ASX:EVN) says the commissioning of its 800,00 tonne per annum processing plant at its Mt Carlton gold-silver-copper mine in North Queensland has commenced.
Mt Carlton is forecast to contribute between 25,000 and 30,000 ounces of gold in the 2013 full year.
The project is forecast to produce 720 thousand ounces of gold, 14.4 million ounces of silver and 25 thousand tonnes of copper in concentrate over its initial 12 year life.
Executive Chairman Jake Klein says the commencement of commissioning for the project within 12 months of receiving mining lease approval is a tremendous achievement.
Mr Klein said Mt Carlton is expected to become Evolution’s lowest cost gold producer.
Evolution Mining generated a net profit of $37.3 million in the 2012 financial year.
