Gold boom won’t last, warns Evolution

By Kim Christian

Major Australian gold producer Evolution Mining has sounded a warning to the booming gold sector: the party won’t last forever.

Evolution chairman Jake Klein says his company has had a “huge” couple of years, building up a portfolio of seven operations after major global players left Australia following a slump in prices.

Now a 145 per cent surge in the gold miners index in 2016 had come, albeit from a low base, and made gold companies feel like “rock stars”.

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