Speculation is mounting that Evolution Mining Limited (ASX:EVN) could soon place its Mungari gold mine up for sale that analysts value at between $600 million and $1 billion. The understanding is that the $10 billion listed gold miner controlled by Jake Klein has had suitors interested in the West Australian asset lately, including Zijin Mining Group Company Limited (SEHK:2899), which owns the Norton Gold Fields in Kalgoorlie. Other WA gold miners would also likely be interested in the asset, and a sale by Evolution would be logical given it is the only asset it owns in the state.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
5.600 AUD | +0.18% | +8.11% | +16.42% |
Dec. 19 | Evolution Mining CFO to Step Down in March 2025 | MT |
Dec. 19 | Evolution Mining Limited Announces Resignation of Barrie Van Der Merwe as Chief Financial Officer | CI |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
15.04HKD | +1.35% | +2.45% | 56.73B | ||
5.600AUD | +0.18% | +8.11% | 6.92B | ||
Quarterly revenue - Rate of surprise
- Stock Market
- Equities
- EVN Stock
- News Evolution Mining Limited
- Evolution Reportedly Plans to Sell Mungari Gold Mine