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HC Diary submitted a new article: Evolution coughs up for Cowal...

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25/05/15

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Post #: 15343496
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HC Diary submitted a new article:

Evolution coughs up for Cowal as Independence agrees bid for Sirius - HCDiary

Is it Monday madness in overdrive?

The answer depends on which side of this morning's two spectacular deals you sit.

Evolution Mining (EVN) has stunned onlookers by writing a A$705 million cheque for Barrick's Cowal gold mine in NSW.

The price is about A$200 million more than many had expected Barrick to get and represents a stunning A$430 per reserve ounce.

Evolution said upon completion of the Cowal deal and its recently-announced acquisition of La Mancha's WA assets, the company...

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