Seeking Alpha
 

Evolution Mining Ltd. (CAHPF)

- OTCPK - Current
  • Mon, Apr. 20, 1:23 PM
    • Hecla Mining (NYSE:HL) and Australia's Newcrest Mining (OTCPK:NCMGF, OTCPK:NCMGY) reportedly are among the bidders for Barrick Gold's (ABX -0.3%) Australian Cowal mine, which is on the block as ABX continues to shrink its global footprint.
    • Gold Fields (NYSE:GFI) and Evolution Mining (OTCPK:CAHPF) also are said to be among other companies to have made it through to a second round of bidding for Cowal.
    • ABX in February started a process to sell the mine, as well as a joint venture in Papua New Guinea; Cowal could be worth as much as $700M after the open-pit mine produced 268K oz. of gold last year.
    | 2 Comments
Visit Seeking Alpha's
CAHPF vs. ETF Alternatives
Company Description
Evolution Mining is a growth focused Australian gold company. It owns and operates five gold and silver mines in Queensland and Western Australia. The company holds 100% interest in all of its operations.<br /><br />Evolution Mining was created in late 2011 to form a mid-tier Australian gold... More
Industry: Gold
Country: Australia