The Playbook Behind Evolution’s $20B Gold Success

This co-hosted podcast episode delves into the history and strategic deal-making of Evolution Mining, an Australian gold mining company. The discussion traces Evolution's journey from its origins through key acquisitions, including North Queensland Metals, Catalpa Resources, and Ernest Henry, to its current status as a major player in the gold industry. The hosts analyze Evolution's consistent strategy of acquiring and divesting assets to improve portfolio quality, highlighting the importance of timing, capital allocation, and a disciplined approach to M&A. They also discuss the company's culture, leadership, and the impact of commodity tailwinds on its growth, while also touching on the challenges and lessons learned from ventures like the Red Lake acquisition in Canada.