Evolution (ASX:EVN) has maintained its annual production and cost targets despite the recent disruption at the Mt Rawdon open-cut gold mine in Queensland due to ex-tropical cyclone Oswald.
The gold producer expects to deliver between 370,000 and 410,000 ounces of gold in the current financial year at a cost of between $730 to $790 per ounce.
Evolution produced a record 101,633 ounces at an average cost of $764 per ounce in the second quarter.
The quarterly result exceeded guidance and was 55 per cent higher than the quarter before on the back of a increase in production at its Pajingo mine in Queensland.
Evolution Mining posted a net profit of $37.3 million in the 2012 financial year.
