Jake Klein

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The 257th Sydney Mining Club – Lunch
at 12:30 pm on 1 April 2021 at the Ivy Ballroom

Jake Klein

Evolution Mining MD brings us the 2021 story of the Australian and now Canadian gold superstar.

Evolution Mining – Buying up, divesting down, drilling, mining and growing. Executive Chairman Jake Klein’s gold company just keeps on giving

Executive Chairman of Evolution Mining Jake Klein is moving mining mountains. In March 2018, this Australian gold producer had a market cap of around $5Bn. Today it is over 10 times that, even after a recent retreat by the gold bulls. When Jake last presented the Lake Cowal gold mine acquisition in NSW, it was with 3.4Moz in Resources. Today, its expanded mill has the safety of 9.0Moz on its runway letting it happily sail as Evolution’s Flagship.

The Edna May and Cracow mines were divested from its Australian portfolio and in a huge step offshore, last year Evolution acquired Canada’s iconic Red Lake gold mine. Company guidance indicates an initial 125,000 oz in FY21 expanding to 300,000 to 500,000 ounces in the years ahead – from a juicy headgrade of 6.5g/t. In news to hand as we write Evolution will now also acquire Battle North Gold Corporation TSX:BNAU with expansive holdings adjacent to the Red Lake operations for C$343m.

Beneath his signature unassuming style and cautious demeanour, Jake Klein continues to hard drive gold production. In a China of long ago, as president of Sino Gold Mining Ltd, he led them into becoming one of the largest foreign companies in the Chinese gold industry, building the company from a market capitalisation of $100M to a sell price of over $2Bn in just seven years. What’s next? Come hear an update of this cracker Australian gold growth story as told by one of the most investable leaders in the sector.

Welcome Drinks
12:30–13:00

Have a drink while you re-connect with friends and colleagues from the club. Relax and unwind before sitting down to hear our speakers and enjoy a sumptuous meal.

  • Julian Malnic
Introduction by Julain Malnic, Chairman
13:00–13:15

Julian welcomes the members to the event and gives us a run-down on Mining and Resources News since the last event.

Chairman, Sydney Mining Club
  • Jake Klein
Evolution Mining
13:15–14:00

In 2010, an opportunity was identified to fill a vacuum in the Australian gold mining sector by creating a new mid-tier producer.
Our first asset was a resource in North Queensland that others believed was not feasible to develop. Undeterred, our Executive Chairman and founder, Jake Klein, with the assistance of a small management team, pursued a series of bold and complex deals to form Evolution in November 2011 and successfully turned that initial resource at Mt Carlton into one of the world’s highest-grade open pit gold mines. It’s all in the name… we’ve evolved from a small company into a globally relevant gold mining business with a reputation of delivering value for all stakeholders. Underpinning it all, is our Australian story and spirit. Since day one, our overriding priority has been safety. We dare our people to think differently, we act like owners and we live our values of safety, accountability, excellence and respect. We want people’s time at Evolution to be a highlight of their career, forging a company that’s known for sustainable excellence, and attracting the best talent, not only to Evolution, but also to our industry. We’ve weathered storms to become a company that prospers through the cycle. We’ve stayed true to our vision and become a global leader in low-cost gold production. We recognise that along our journey comes change. Embracing technology and innovation are important for our future success, and sustainability is more critical than ever. As we grow, we want to continue to combine ambition and our entrepreneurial mindset with humility. We want our people and our communities to grow as we grow. And we believe that together, we can become the best mid-tier gold mining company in the world.

Executive Chairman, Evolution Mining
Coffee and wrap-up
14:00–14:30

The presentation will wrap-up, coffee will be served. There may be time for questions.

Drinks by the Pool
14:30

To continue the conversation members are invited to the Ivy's famous 'Pool Bar' upstairs

Julian Malnic

Julian Malnic

Chairman, Sydney Mining Club
Jake Klein

Jake Klein

Executive Chairman, Evolution Mining

    Event Detail

    1 April 2021 12:30
    1 April 2021 15:30
    Ballroom
    320 George Street, Sydney NSW 2000

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