Evolution Mining has raised hopes that the inflation tide may be starting to turn after an easing in oil, power and steel costs since the start of the financial year.
The gold miner expects labour costs to rise between 5 per cent-6 per cent across its operations in financial 2023, but welcomed some relief in inflationary pressure across other key inputs since June 30.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
