Goldminer Evolution Mining says it will make a voluntary debt repayment of $35 million as a falling Australian dollar helps it generate cash.
It has reduced debt by 28 per cent to $91.8 million, due to strong free cash flow of $27 million during the quarter.
Evolution also reported a preliminary gold production result for the March quarter of 103,305 ounces, in line with guidance but below the previous quarter's 113,280 ounces.
Chairman Jake Klein said the company was making successful inroads in reducing costs and improving operational efficiency.
"With gold now trading close to A$1,600 an ounce we are optimistic about our future," he said, with gold miners benefiting from a falling Australian dollar as prices for the precious metal stay flat.
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