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Evolution, BHP raise hopes inflation has peaked

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 was a reporter at The Australian Financial Review

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    Original URL: https://www.afr.com/companies/mining/evolution-admits-not-living-up-to-expectations-20220818-p5bauw