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Reuters
Reuters
Business

Australia's Evolution Mining December-quarter gold output trimmed by mine sale

(Reuters) - Evolution Mining Ltd <EVN.AX> said on Tuesday second-quarter gold output fell 14.4 percent following the sale of a mine in September, but expects full-year production to be in the upper range of guidance.

Gold production fell to 186,488 ounces in the December quarter from 217,812 ounces a year earlier, in line with the company's forecast of 180,000 to 190,000 ounces, the gold miner said in a statement.

The miner said it expected its full-year production to be above the midpoint of its 750,000 – 805,000 ounces guidance range.

Cost of production, measured on an all-in sustaining (AISC) basis, was A$784 ($634.33) per ounce for the quarter, compared with A$900 spent per ounce a year ago.

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