Evolution Mining doubles profit and jacks up | Australian Markets

Evolution Mining will bathe traders with the spoils of a report profit that more than doubles final 12 months’s, in a roaring consequence that would set the scene for a bumper goldie reporting season.

The Sydney-based miner, which not too long ago accomplished a main manufacturing growth to the Mungari mine close to Kalgoorlie, elevated profit by 119 per cent to $926 million for the 2025 financial 12 months.

Prices for the tumult and inflation-hedge pushed commodity reached an all-time high in April, sending Evolution’s achieved gold price up 35 per cent to $4300 on the 750,512 ounces of gold produced during the 12 months.

All-in sustaining prices of $1653 an ounce have been up 12 per cent, nonetheless, because the miner made probably the most of larger costs and processed its lower-grade stockpiles.

The board declared a absolutely franked closing dividend of 13¢ a share for the 12 months, in comparison with 5¢ a share within the prior 12 months.

Evolution chief government Lawrie Conway stated the miner could be centered on delivering high margins within the new financial 12 months, when it expects to hit manufacturing of between 710,000 and 780,000oz.

“Our cost and production performance in the year saw our balance sheet continue to strengthen, with gearing levels falling while successfully delivering several major capital projects,” he stated.

Evolution runs two mines in NSW, two in Queensland, and one in WA — the Mungari gold project, about 20km west of Kalgoorlie. It additionally owns the Red Lake mine in Canadian province of Ontario.

It’s among the many first gold miners to report for the 2025 full-year outcomes period.

More to return.