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Evolution completes Red Lake acquisition

Evolution Mining has completed the US$375 million (A$552 million) acquisition of Newmont’s Red Lake gold operations in Ontario.

Kristie Batten
Evolution Mining's new Red Lake mine in Ontario, Canada

Evolution Mining's new Red Lake mine in Ontario, Canada

The acquisition was funded via a A$570 million term loan from a syndicate of six banks. The loan is $30 million less than previously announced due to a foreign currency hedge put in place at the time...

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