New Australian gold mine opens in Queensland

By Kerry Hall

Australia’s Evolution Mining Ltd. (ASX: EVN) opened its new Mt. Carlton gold-silver-copper mine in Queensland on Wednesday.

The mine is expected to a have a life of 12 years with a projected output of about 55,000 ounces of gold per year at a cost of A$500 per …read more

Other Favorite Posts You Might Like...

Golden replica of Messi's left foot on sale f... By Cecilia Jamasmie A pure gold replica of 25-year-old soccer phenomenon, Lionel Messi's left foot, was revealed in Japan on Tuesday. Created by Tokyo-based jeweller Ginza Tanaka, the piece is value...
Tsunami-wracked Japanese city gets $250,000 anonym... By Cecilia Jamasmie A Japanese port city wracked by the 2011 tsunami received an anonymous parcel containing two 1 kilogram gold bars only weeks before the second anniversary of the catastrophe, AFP...
John Paulson’s gold fund dove 18% in February By Cecilia Jamasmie Beaten up bullion investor, John Paulson, logged an 18% drop in his Gold Fund last month triggered by the ongoing slump in gold prices, and is now down 26% YTD, reports Bloomberg...