Evolution Mining Ltd
ASX:EVN

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Evolution Mining Ltd
ASX:EVN
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Price: 12 AUD 2.56% Market Closed
Market Cap: 24.4B AUD

Evolution Mining Ltd
Investor Relations

Evolution Mining Ltd., an Australian gold miner, has carved a strategic niche in the international mining landscape through a blend of operational proficiency and a keen focus on sustainability. Founded in 2011, Evolution emerged from a merger of three resourceful companies, quickly establishing itself as a formidable player in the gold mining industry. The company operates several projects across Australia and Canada, notably its flagship mine, Cowal, in New South Wales. These assets offer a robust production capacity and long mine life, contributing significantly to the firm's overall output. By efficiently managing these resources through best-in-class practices and cutting-edge technology, Evolution Mining has managed to optimize its gold extraction process, increasing yield while minimizing environmental impact.

The firm's business model is grounded in the notion of creating value through the entire lifecycle of its assets. From exploration to development, and finally, to extraction, Evolution Mining continually seeks to enhance shareholder value. Its revenue stream flows primarily from the sale of gold, which is refined and marketed globally. Additionally, Evolution’s strategy of disciplined cost management ensures profitability even amidst volatile market conditions. By focusing on high-quality, low-cost assets and maintaining a relentless drive for operational excellence, Evolution Mining not only sustains its profitability but also positions itself for future growth in the ever-changing landscape of precious metals. This steadfast approach, coupled with a commitment to safety and community engagement, underscores its standing as a conscientious leader in the mining sector.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Oct 14, 2025
AI Summary
Q1 2026

On-Track Guidance: Evolution Mining confirmed it is on track to deliver FY '26 commitments for production, costs, and capital, with all major projects on schedule and on budget.

Strong Cash Flow: The company delivered record net mine cash flow of $366 million, with group cash flow at $196 million for the quarter, and expects significantly higher cash flows if current metal prices persist.

Safety Performance: Safety metrics continued to improve, with the total recordable injury frequency rate (TRIF) remaining below 5.

Project Updates: Mungari’s plant expansion was completed 15% under budget, now set for commercial production, while Cowal’s key infrastructure project remains on track.

Capital Management: Gearing has improved to 11%, all term loans have been repaid with no further debt repayments due until FY '29.

Market Tailwinds: Management highlighted structural shifts in gold (central bank buying) and copper (tight supply and rising demand), supporting strong price outlooks.

Cost Guidance Maintained: All-in sustaining cost (AISC) guidance remains at $1,720–$1,880/oz, with current performance below the guided range.

Key Financials
Gold Production
174,000 ounces
Copper Production
18,000 tonnes
All-In Sustaining Cost
$1,724 per ounce
Net Mine Cash Flow
$366 million
Operating Mine Cash Flow
$676 million
Group Cash Flow
$196 million
Gearing
11%
Cash Balance
$780 million
Term Loan Repayment
$170 million repaid in quarter; $110 million repaid post quarter
Mungari Plant Expansion Final Cost
$212 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jacob Klein A.C.A., B.Com., BCom (Hons)
Executive Chairman
No Bio Available
Mr. Lawrence John Conway BBus, C.P.A., MAICD
CEO, MD & Director
No Bio Available
Mr. Barend Johannes Van Der Merwe CA (SA)
Chief Financial Officer
No Bio Available
Mr. Matthew O'Neill
Chief Operating Officer
No Bio Available
Ms. Nancy Guay
Chief Technical Officer
No Bio Available
Mr. Paul Eagle CAHRI, MNLP
Vice President of People & Culture
No Bio Available
Ms. Fiona Murfitt
Vice President of Sustainability
No Bio Available
Peter O'Connor
General Manager of Investor Relations
No Bio Available

Contacts

Address
NEW SOUTH WALES
Sydney
L 24 175 Liverpool Street
Contacts