Evolution receives first Mt Carlton payment

Company News

Evolution Mining Limited (ASX:EVN) has received the first payment for the sale of concentrate from its wholly owned Mt Carlton gold-silver-copper mine in North Queensland.

Evolution says the first shipment left the site, bound for China, last month and arrived without delay, with a second shipment currently enroute.

The miner continues to produce from its silver rich deposit at Mt Carlton however plans to switch production to a gold focused deposit in the September quarter this year.

Evolution says it is progressing well with a ramp-up of its Mt Carlton processing plant and expects full capacity to be achieved later this year.

Evolution Mining posted a first half net profit of $40.7 million in the current financial year.