Carnaby exploration spending highlighted after Evolution Mining takeover
Moelis Australia says Carnaby’s fiscal results are immaterial now that it agreed to be taken over by Evolution Mining, and notes the company continued exploration spending and delivered new exploration increments.
MA Moelis Australia said Carnaby's fiscal results are now immaterial to its stock after it agreed to be taken over by gold producer Evolution Mining. The results did show the company kept spending on exploration through the year and was able to uncover some exciting incremental findings.