The Playbook Behind Evolution’s $20B Gold Success

This is the story of how Evolution Mining rose from a junior with a busted project to be one of Australia’s best business success stories, all in under 15 years.

We trace the journey back to the Sino Gold days, uncovering how Jake Klein and his team built China’s largest foreign gold miner, then sold it all and started again.

From the deals that defined Evolution to the close calls along the way, we unpack how one of the country’s great mining stories came together.

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TIMESTAMPS  

(00:00) Introduction

(03:41) The China Years – Jake Klein and Nick Curtis

(07:30) Sino Gold – Building a Chinese Gold Miner

(14:19) Conquest Mining – The Foundation

(31:44) The Creation of Evolution Mining – 2011 Merger

(37:47) Cowal Acquisition from Barrick

(48:05) Buying Mungari from La Mancha

(1:06:56) Initial "economic interest" in Ernest Henry

(1:31:00) Red Lake Acquisition

(1:35:27) Consolidating Ernest Henry

(1:38:55) Northparkes

(1:41:22) Evolution’s Deal-Making Philosophy

(2:02:07) Reflections and Future Outlook

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