Page 58 - Evolution Mining News Today

Peter Milios from Finance News Network with all the news from today's morning trading session on the ASX.

The Australian stock market is sharply higher on Monday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 7,200 level, following the broadly positive cues from global markets on Friday, with gains across all sectors, led by iron ore miners and energy stocks.

Elders Ltd (ASX:ELD) and Pilbara Minerals Ltd (ASX:PLS) are two of four ASX shares rising on Monday. Here's why...

Australia's third biggest gold miner, Evolution Mining, has approved a $250 million expansion of its Mungari operations near Kalgoorlie, despite concerns about the overheated construction sector.

Gold miner strongly outperforming ASX peers in Monday trade

Australian gold miner announces debt restructure and extends mine lives at two operations

Gold producer Evolution Mining used its 2023 investor day on Monday to unveil a series of significant announcements, including news about life extensions at two of its Australian mines.   At Mungari, Evolution has committed $250-million for a process plant expansion that will unlock a large regional resource base, lower all-in sustaining costs (AISC) and boost production, CEO Lawrie Conway said.

Local shares had their best day in two months after hopes of Chinese demand boosted iron ore prices, while an energy rally lost steam.

The Australian stock market is notably higher on Friday, extending the gains in the previous session, with the benchmark S&P/ASX 200 staying above the 7,100 level, following the broadly positive cues from global markets overnight, with gains across most sectors, led by miners and technology stocks.

Asian stock markets are mostly higher on Friday, following the broadly positive cues from global markets overnight, as risk sentiment improved after the bill to raise US debt limit and cap government spending in the U.