evolution mining red lake layoffs

Mr Attew is a Member of both the Audit Committee and the Nomination and Remuneration Committee. Our Red Lake Operation includes the Red Lake and Campbell underground mining and processing complexes, and Cochenour, a potential new source of ore. As Evolution's newest asset and our first in North America, we are excited by the opportunities here. Management believes that this non-IFRS and pro forma non-IFRS information provides investors with additional information to assess EVN operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. “There has been no damage to any infrastructure at the operation.” Our Red Lake Operation includes the Red Lake and Campbell underground mining and processing complexes, and Cochenour, a potential new source of ore. As Evolution's newest asset and our first in North America, we are excited by the opportunities here. In addition, Evolution holds an economic interest in the Ernest Henry copper-gold The mine was briefly shut down in August after forest fires threatened the Red Lake area, with full operations resuming Aug 18. Evolution Mining has evacuated its workforce at the Red Lake underground operation in Ontario, Canada following the threat of a nearby forest fire. We are an equal opportunity employer with a commitment to diversity, offering exceptional career environments at our Sites and our Group Office, that are challenging, rewarding and fun for all employees. Newmont acquired Red Lake from Goldcorp when the two companies merged earlier this year. Please note that you are now entering a website directly or indirectly maintained by a third party (the “External Site”) and that you do so at your own risk. I have been working at Evolution Mining full-time. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. The operation comprises the historic Dickenson, Campbell and Cochenour mines, with multiple shafts and associated processing facilities. The operation comprises the Red Lake, Campbell and Cochenour mines over a strike length of 7km. We own and operate a portfolio of gold mines across Australia. Approves of CEO. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures. As part of this change, the Ge… Temas Resources Welcomes Red Lake Mining Veteran and Financier as President and CEO Contacts Contact: Nick Spencer, Investor Relations Phone: +1 (604) 332-0902 Email: ir@temasresources.com The Sydney, Australia-based gold miner acquired the northern Ontario operations from Newmont in a US$475-million deal that closed earlier this year. Positive Outlook. At the time of the purchase they said “Red Lake is an under-capitalized asset which, through a committed investment in development and exploration, is intended to become a cornerstone asset in the Evolution portfolio.”. Newmont acquired Red Lake from Goldcorp when the two companies merged earlier this year. The Red Lake Mine complex has plenty more gold to be discovered, said its new Australian owners. Evolution shares were … Evolution Mining has released an updated resource for its recently acquired Red Lake gold operation, which the company says is materially higher than the figures estimated during its due diligence of the acquisition.. AISC of A$1,943/oz was under the A$2,100 – A$2,300/oz guidance range. Keep up to date with all the latest news. Layoffs at the Evolution Mine in Red Lake. This three-year project will deliver sustainable, low-cost production of 200,000 ounces per year with an AISC under US$1,000/oz. Evolution Mining Limited acquired the Red Lake mining complex from Newmont Mining Corp. earlier in 2020 1, and has committed to a three-year, US$100M investment phase to … Evolution announced in late November it was acquiring the Red Lake Gold Complex in a US$475 million. At Evolution our best discoveries are found every day through the innovation displayed by our people, our great teams, our 100% focus on getting our people home safely and our commitment to building an exceptional company. NON-EXECUTIVE DIRECTOR, MEMBER OF THE AUDIT COMMITTEE AND MEMBER OF THE NOMINATION AND REMUNERATION COMMITTEE, Appendix 4G and Corporate Governance Statement, 2020 Notice of Annual General Meeting and Proxy Form, 2020 Full Year Financial Results Presentation, Red Lake 11 Million Ounce JORC code Mineral Resource, FY20 Financial Results, Final Dividend and Three-Year Outlook, FY20 Full Year Financial Results Conference Call Notification, Cowal Maiden Underground Ore Reserve Supports Mine Development, Completion of Cracow Gold Mine Divestment, Agreement to divest Cracow Gold Mine for up to A$125M, BAML 2020 Global Metals, Mining and Steel Conference Presentation, Macquarie Australia Conference Presentation, COVID 19 Update and Completion of Red Lake Acqusition, BMO Metals and Mining Conference Presentation, Annual Mineral Resources and Ore Reserves Statement, FY20 Half Year Financial Results and Interim Dividend, Appendix 4D and FY20 Half Year Financial Report, FY20 Half Year Financial Results Presentation, Evolution Mining Donation to Support Bushfire and Drought Relief, Appointment of Jason Attew as Non-Executive Director, Citi Australia Conference Presentation 2019, September 2019 Quarterly Results Conference Call, Continued Execution of Exploration Strategy, Evolution Inclusion in Dow Jones Sustainability Index Australia, FY19 Financial Results and Final Dividend, Appendix 4E and FY19 Annual Financial Report, FY19 Full Year Financial Results Conference Call, Murchison Exploration Project Joint Venture Agreement, Evolution Acquires Stake in Tribune Resources, FY19 Half Year Financial Results Presentation, FY19 Half Year Financial Results and Dividend Announcement, Appendix 4D and FY19 Half Year Financial Report, Half Year Financial Results Conference Call, Cowal Plant Expansion and Discovery Success, Cowal Receives Regulatory Approval to Commence Development of the GRE46 Exploration Decline, Board Approves Mt Carlton Underground Mine, Cowal Modification 14 Regulatory Approval, Three Year Outlook and High-Grade Drill Results from New Dalwhinnie Lode at Cowal, Appendix 4E and FY18 Annual Financial Report, FY18 Financial Results and Final Dividend, Resignation of La Mancha Nominee Directors, Restructure of Ownership of Castle Hill Gold Deposit, Acquisition of Connors Arc Exploration Project, BMO Global Metals and Mining Conference Presentation, Appendix 4D and FY18 Half Year Financial Report, FY18 Half Year Financial Results and Interim Dividend, FY18 Half Year Financial Results Presentation, Change in Substantial Shareholder Notice and Equity Derivative Disclosure, Chairman's Address to the Annual General Meeting, Denver Gold Forum Presentation - September 2017, Agreement to Divest the Edna May Gold Mine, North American Roadshow Presentation September 2017, Appointment of New Non-Executive Director, 2017 Full Year Financial Report & Appendix 4E, FY17 Financial Results and New Dividend Policy, Quarterly Results and Annual MROR Statement Conference Call, Media Release: Cowal Awarded NSW Mining Operation of the Year, Mt Carlton Operation Update - Cyclone Debbie, Ernest Henry Site Visit and Operating Update, Dividend Reinvestment Plan - Price and Participation Rate, Interim Dividend Announcement - Additional Information and Correction, 2017 Half Year Financial Results and Dividend Announcement, FY17 Half Year Financial Results Presentation, Cowal Project Approvals Secure Production to 2032 Announcement, Cowal Gold Operation Receives Regulatory Approval To Extend Operations To 2032, Withdrawal of Resolution at Annual General Meeting, Acquisition of Marsden Copper-Gold Project, Successful Completion of Retail Shortfall Bookbuild, Updated Three Year Outlook and Investor Presentation, Successful Completion of Pajingo Gold Mine Divestment, Completion of Institutional Entitlement Offer, Acquisition of economic interest in Ernest Henry Operation and AREO, FY16 Financial Results and Dividend Announcement, 2016 Full Year Financial Report and Appendix 4E, FY16 Preliminary Results and FY17 Guidance Announcement, Glen Masterman Appointment of New VP Discovery, Dividend Reinvestment Plan – Price And Participation Rate, 2016 Half Year Financial Report and Appendix 4D, FY16 Half Year Financial Results and Interim Dividend, FY16 Half Year Financial Results Presentation, Three Year Retention Agreement With Executive Chairman, Phoenix Takeover Offer Price Declared Final, Phoenix Gold and Evolution Mining Announce Recommended Transaction, Phoenix Gold Takeover Unconditional and Offer Period Extended, Dividend Reinvestment Plan – Price and Participation Rate, FIRB Approval Received for Phoenix Takeover Bid, 2015 Full Year Financial Report & Appendix 4E, FY15 Financial Results and Dividend Announcement, Resources and Reserves Increased at Cowal, Completion of the acquisition of La Mancha Australia, Intention to make takeover bid for Phoenix Gold, Results of 30 July 2015 Extraordinary General Meeting, Explanatory Memorandum and Notice of Meeting, Completion of Entitlement Offer and Change in Exercise Price of Options and Appendix 3B, Successful Completion of Retail Entitlement Offer, Successful Completion of Institutional Component of AREO, Acquisition of Cowal & Capital Raising Presentation, Transformational Acquisition of Cowal Gold Mine, December 2014 Annual Mineral Resources and Ore Reserve Statement, Evolution Makes Strategic Investment in Phoenix Gold. The deal is structured to enable Newmont to receive $375 million cash and a $100-million contingent payment where Evolution will pay Newmont $20 million for each one million ounces of new gold resources, staggered over a 15-year period. Evolution Mining Limited acquired the Red Lake mining complex from Newmont Mining Corp. earlier in 2020 1, and has committed to a three-year, US$100M investment phase to … The initial focus of the project is on increasing underground development rates, rationalising workforce numbers and decommissioning redundant equipment. It is an exciting future for Red Lake. Mining at Red Lake is undertaken predominantly via long-hole stoping. Mr Attew is a mining industry veteran who has dedicated 25 years to the mining sector. We completed the acquisition of the Red Lake Operation on 1 April 2020. “The mine has been evacuated and all Evolution … One of the headframes in Red Lake, Ont., belonging to Evolution Mining. Glassdoor gives you an inside look at what it's like to work at Evolution Mining, including salaries, reviews, office photos, and more. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. Evolution reported in June that it has reduced the headcount at Red Lake by 114 full-time workers to a total of 740 employees. Our Red Lake Operation includes the Red Lake and Campbell underground mining and processing complexes, and Cochenour, a potential new source of ore. As Evolution’s newest asset and our first in North America, we are excited by the opportunities here. Those impacted include Supervisors, operators and office staff. Evolution is likely to provide an update tomorrow when it reports its full-year results and resources and reserves for Red Lake, as well as guidance. Credit: Evolution Mining Evolution Mining produced 170,021 oz. Evolution says they remain committed to delivering a turnaround strategy for the mine. Evolution Mining’s Red Lake mine in northwestern Ontario. Our Red Lake Operation includes the Red Lake and Campbell underground mining and processing complexes, and Cochenour, a potential new source of ore. As Evolution’s newest asset and our first in North America, we are excited by the opportunities here. "We have not scratched the surface of Red Lake's full potential," said Evolution Mining's chief operating officer Bob Fulker in a Sept. 1 webcast to Evolution's investors, about recent discoveries that offer opportunity to dramatically increases production while maintaining a longer … In addition, we hold an economic interest in the Ernest Henry copper-gold mine in Queensland. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. Evolution expects that, when it re- certifies Red Lake Mineral Resources and Ore Reserves following completion of the transaction, Ore Reserves will be revised 30% to 40% lower, using Evolution's estimation methodology and to allow for mining depletion from 1 July 2018. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. "We have not scratched the surface of Red Lake's full potential," said Evolution Mining's chief operating officer Bob Fulker in a Sept. 1 webcast to Evolution's investors, about recent discoveries that offer opportunity to dramatically increases production while maintaining a longer … Evolution Mining is a leading, growth focused Australian gold company. We have done our best to support all impacted employees through transparent communication, redundancy packages, employee and family assistance and career transition support.”. The mine currently employs some ~900 employees & contractors. Successes at the end of the FY2020 included: a 37% increase in monthly development rates; a 16% reduction in site workforce; winterising the Red Lake mill; commencement of  ecommissioning two shafts and rationalising underground mobile equipment. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. Jason also is on the board of Directors of Regulus Resources Inc. and the Food Stash Foundation, a Vancouver-based non-profit whose mission is to create food & nutritional security for local residents. In addition to disclosing results determined in accordance with IFRS, EVN may also disclose certain non-IFRS and pro forma non-IFRS results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Evolution Mining’s Red Lake mine in northwestern Ontario. Recommends. By clicking “Accept” you acknowledge and agree that neither EVN nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. 9 Evolution Mining reviews. Evolution, an Australian owned company, acquired the mine from Newmont Goldcorp in March of this year. Evolution Mining LTD., (“EVN”) has no control over the External Site, any data or other content contained therein or any additional linked websites. Gold miner Evolution Mining has resumed mining at its Red Lake gold mine, in Ontario. Evolution shares were … Evolution Mining has resumed operations at the Red Lake gold mine in Ontario, Canada, after the company was forced to suspend operations last week due to the threat of a nearby forest fire. It spans 42,000 hectares and has produced over 29 million ounces of gold since 1949. It is located approximately 250km northeast of Winnipeg. Previously he served as the Chief Financial Officer at Goldcorp Inc. where, in addition to leading the finance and investor relations operations, he was responsible for Goldcorp’s corporate development and strategy culminating in the US$32 billion merger with Newmont Mining Corp. Jason has extensive capital markets experience from his time in investment banking with the BMO Global Metals and Mining Group where he was at the forefront of structuring and raising significant growth capital as well as advising on both formative and transformational mergers and acquisitions for corporations that have become industry leaders over the past two decades. In order to achieve this the Red Lake workforce needed to be restructured and unfortunately this means the overall headcount has been reduced. Our Red Lake Operation includes the Red Lake and Campbell underground mining and processing complexes, and Cochenour, a potential new source of ore. As Evolution’s newest asset and our first in North America, we are excited by the opportunities here. Red Lake has arranged for counselling, career transitioning services and information kits to be made available to affected employees. Evolution Mining Limited (ASX:EVN) (“Evolution”) advises that operations at the Red Lake gold mine in Ontario, Canada, have resumed following the municipal led evacuation of the region due to the threat of a nearby forest fire. Following the changes, the total workforce at the Red Lake Operation will be roughly 740 people. Management uses this non-IFRS and pro forma non-IFRS information, along with IFRS information, in evaluating its historical operating performance. The non-IFRS information is not prepared in accordance with IFRS and may not be comparable to non-IFRS information used by other companies. Jun 19, 2020 5:32 AM Layoffs at the Evolution Mine in Red Lake. Jason is currently the President and CEO of Gold Standard Ventures Corporation. Evolution Mining has evacuated its workforce at the Red Lake underground operation in Ontario, Canada following the threat of a nearby forest fire. Red Lake is accessible by major highways, with commercial air services to the mine from Thunder Bay and Winnipeg. in the third quarter – putting the gold miner ahead of its 2020 guidance. EVN and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data. Evolution Mining is a leading, growth-focused globally relevant gold company. Bob is a highly experienced mining engineer with more than 33 years industry experience in the minerals industry with the majority of these in the safe management of significant operations. Since production commenced in 1949, the combined Red Lake Operation has produced more than 25Moz of gold at an average grade in excess of 20g/t gold. Officials say the job reductions were necessary to return the mine to a sustainable, efficient, long-life gold operation. The non-IFRS information should not be viewed as a substitute for, or superior to, other data prepared in accordance with IFRS. Please note the information presented is deemed representative at the time of its original release. Pacton Gold Inc (OTCPINK:PACXF) (FRA:2NKM) updated Thursday on drilling at Red Lake, Ontario, where a 10,000 metre (m) campaign using one rig has kicked off at the greenfield project.Meanwhile, another rig is working an 11,500m program at Pacton's advanced Sidace gold asset in the district, where the firm is operator and partnered with Evolution Mining. On 13 August 2020, Evolution announced its first JORC Code 2012 Mineral Resource estimate at Red Lake of 48.1Mt grading 7.1g/t for 11.0Moz 2.This includes 4.3Moz at … Processing at the Campbell mill is via conventional crushing and grinding followed by gravity concentration to recover free-milling gold, with refractory gold recovered by floatation followed by pressure oxidation, neutralisation and CIL. Credit: Evolution Mining Evolution Mining produced 170,021 oz. The company completed the US$375 million acquisition of Red Lake from Newmont on April 1. This is the Evolution Mining company profile. In a letter to the community, the company states “our Red Lake Operation has reduced its workforce by 114 full-time employees.”. Evolution is likely to provide an update tomorrow when it reports its full-year results and resources and reserves for Red Lake, as well as guidance. According to the Ontario Ministry of Natural Resources and Forestry, the fire known as Red Lake 49 is currently burning around three kilometres west of Highway 105, and about three kilometres south of the Town of Red Lake. By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if EVN and Virtua are advised of the possibility of the loss, damage, claim or liability. “The mine has been evacuated and all Evolution employees and contractors are safe and accounted for,” the company said. Processing. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s). At Evolution, we’re passionate about Our Culture and Values. , we ’ re passionate about Our Culture and Values from Thunder Bay and Winnipeg Lake from in... They remain committed to delivering a turnaround strategy for the mine from Newmont on April 1 uses this non-IFRS pro... Have been temporarily suspended information presented is deemed representative at the Red Lake gold mine in northwestern.! Committed to delivering a turnaround strategy for the mine from Thunder Bay and Winnipeg the Mining sector company said Values... Provided for convenience purposes only August after forest fires threatened the Red Lake has been reduced ore at! A letter to the community, the company states “ Our Red Lake complex... 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