Evolution Mining expects to benefit from higher gold prices and renewed interest in the sector despite swinging to a $15.5 million half year loss. Evolution, which owns and operates seven gold mines in Queensland, NSW and Western Australia, has upgraded its full year production guidance after first half underlying profit jumped 150 per cent to $107.9 million, helped by recent acquisitions and cost reductions. Chief executive Jake Klein said the increase in underlying net profit was a reflection of the improved quality of the company's portfolio and operational performance.
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