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45 stories mentioning ASX:EVNUpdated 13d ago

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Asia

Evolution Mining Posts Lower June Quarter Gold Production

Evolution Mining (ASX:EVN) reported group production of 179,655 ounces of gold for the June quarter, according to a Wednesday Australian bourse filing.Group production was 182,388 ounces of gold in the prior corresponding period, an earlier filing showed.The group produced 192,959 ounces of silver and 18,810 tonnes of copper, compared with 203,305 ounces of silver and 19,197 tonnes of copper a year earlier.Meanwhile, the company sold 177,909 ounces of gold and 208,928 ounces of silver during the quarter at achieved prices of AU$5,928 and AU$93 per ounce, respectively, compared with 178,385 ounces of gold and 198,848 ounces of silver a year earlier.Copper sales were 21,485 tonnes at an achieved price of AU$19,314 per tonne, compared with 18,873 tonnes a year earlier.The company expects fiscal 2027 production capacity to remain largely unchanged, with elevated inflation, higher sustaining capital investment, and increased mine development expenditure planned across key operations.

ASX:EVN
Asia

Newmont, Evolution Mining, Northern Star Resources Shares Fall as Gold Prices Decline

Northern Star Resources (ASX:NST) shares fell past 2%, and Evolution Mining (ASX:EVN) shares dropped by almost 1% in recent Tuesday trade, while Newmont (ASX:NEM) shed slightly to 0.3%, as gold prices declined.Spot gold fell below $4,000 per ounce as rising Middle East tensions increased bets of a US Federal Reserve rate hike.

ASX:EVNASX:NEMASX:NST
Research

Morgans Financial Upgrades Evolution Mining to Buy from Accumulate; Price Target is AU$15

Evolution Mining (ASX:EVN) has an average rating of overweight and mean price target of AU$14.18, according to analysts polled by FactSet.

ASX:EVN
Asia

Market Chatter: Queensland Government Scraps Repurposing Plan for Evolution Mining's Mt Rawdon Gold Mine

The Queensland government will not proceed with its plan to repurpose Evolution Mining's (ASX:EVN) Mt Rawdon gold mine to a pumped hydro electricity generating facility, the Australian Broadcasting Corporation reported Monday, citing Evolution Mining Chairman Jake Klein.Klein said the budget shows Mt Rawdon is not a Queensland government priority, with investment instead directed to the Borumba pumped hydro project, a decision he described as surprising and disappointing, ABC reported.The state will proceed with early works on the Borumba pumped hydro project while also evaluating additional sites, including Capricornia near Mackay, per the report.Klein added that the company is now exploring private funding options for Mt Rawdon as its current low-grade gold processing operations are set to end in September, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:EVN
Asia

Gold Miners' Stock Price Rises As Precious Metal Steadies

Shares of Northern Star Resources (ASX:NST), Newmont (ASX:NEM), and Evolution Mining (ASX:EVN) all rose over 2% in recent trading on Friday as the price of gold rose to around $4,000 per ounce.Gold remains on track for a fourth weekly loss as investors react to a potential hawkish trajectory from the US Federal Reserve.

ASX:EVNASX:NEMASX:NST
Asia

Newmont, Evolution Mining, Northern Star Resources Shares Fall as Gold Prices Decline

Newmont (ASX:NEM) and Evolution Mining (ASX:EVN) shares fell about 5% in recent Friday trade, while Northern Star Resources (ASX:NST) shed over 2%, as gold prices declined.Comex gold futures were down 1% and the spot gold price retreated 0.8% after the US and Iran struck a peace deal to end the Middle East conflict, and following a rate hold by the US Federal Reserve earlier this week.

ASX:EVNASX:NEMASX:NST
Research

Macquarie Upgrades Evolution Mining to Outperform from Neutral; Price Target is AU$13

Evolution Mining (ASX:EVN) has an average rating of overweight and mean price target of AU$14.41, according to analysts polled by FactSet.

ASX:EVN
Asia

Newmont, Evolution Mining Shares Decline As Gold Falls

Shares of both Newmont (ASX:NEM) and Evolution Mining (ASX:EVN) dropped over 3% in recent trading on Wednesday as the price of gold fell to $4,225 per ounce.

ASX:EVNASX:NEM
Asia

Newmont, Evolution Mining, Northern Star Resources Fall as Gold Hits Two-Month Low

Major gold mining stocks declined in recent Thursday trade as the price of the precious metal fell to a two-month low.Newmont (ASX:NEM) shed more than 6%, while Evolution Mining (ASX:EVN) and Northern Star Resources (ASX:NST) both tumbled past 5%.The spot gold price was down 1.6% to $4,383.35 per ounce, while Comex gold futures retreated around 1.5%.

ASX:EVNASX:NEMASX:NST
Asia

Newmont, Evolution Mining, Northern Star Resources Shares Fall as Gold Price Declines

Major gold mining stocks fell in recent Tuesday trade after the price of the precious metal declined amid US strikes in the Strait of Hormuz that cast doubt on the outcome of Middle East peace talks.Newmont (ASX:NEM) shed nearly 3%, while Northern Star Resources (ASX:NST) and Evolution Mining (ASX:EVN) both fell nearly 2%.Spot gold prices were down 0.8% on worries that the US strikes could jeopardize peace negotiations, Bloomberg reported. US forces targeted missile launch sites in Iran as well as boats that were attempting to lay mines in the Strait of Hormuz, the report said, citing a US Central Command statement.

ASX:EVNASX:NEMASX:NST
Asia

Australian Mining Stocks Rally as Gold Price Ticks Higher

Australian gold mining stocks jumped in recent Monday trade as the price of the precious metal ticked higher.Northern Star Resources (ASX:NST) and Newmont (ASX:NEM) both advanced nearly 5%, while Evolution Mining (ASX:EVN) gained more than 4%.Comex gold futures were up nearly 1%, and spot gold prices rose past 1%.

ASX:EVNASX:NEMASX:NST
Asia

Market Chatter: Copper Benefiting From Long-Term Structural Demand Drivers, UBS Says, AFR Reports

Copper is benefiting from long-term structural demand drivers, including demand for electric vehicles, electric grid build-out, data center expansion, and constrained new supply, and UBS lifted its price forecasts for 2026, 2027, and 2028 by 13%, 4%, and 3%, respectively, the Australian Financial Review reported on Friday.UBS lifted its long-term copper price assumption to $5.50 per pound, in real terms, with higher prices required to incentivize new supply. Analyst Levi Spry said industry conditions are worsening on the supply side.It upgraded Evolution Mining (ASX:EVN) to a buy recommendation and Sandfire Resources (ASX:SFR) to a neutral recommendation.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:EVNASX:SFR
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Alcoa Corp (ASX:AAI): +4%, AU$93.22South32 (ASX:S32): +4%, AU$4.29Capstone Copper (ASX:CSC): +3%, AU$13.81James Hardie Industries (ASX:JHX): +3%, AU$28.97Evolution Mining (ASX:EVN): +3%, AU$12.18Rio Tinto (ASX:RIO): +2%, AU$186.03NEXTDC (ASX:NXT): +2%, AU$14.91SGH (ASX:SGH): +2%, AU$41.81Lynas Rare Earths (ASX:LYC): +2%, AU$18.92Pilbara Minerals (ASX:PLS): +2%, AU$6.28

ASX 200ASX:AAIASX:CSCASX:EVNASX:JHXASX:LYCASX:NXTASX:PLSASX:RIOASX:S32ASX:SGH
Asia

Australian Gold Producers Flush With Free Cash Flow, Says Euroz Hartleys

Australian gold producers generated record free cash flows in the March quarter despite higher capital spending on growth projects, Euroz Hartleys said in a note on Wednesday.Cash flows were helped by higher prices, with gold averaging roughly at AU$6,998 per ounce, even as production remained largely flat.According to the investment firm, around 21 companies collectively generated free cash flow of about AU$2.7 billion, up from AU$1.53 billion in the December quarter."We believe it is important to keep one eye on the real total costs of production, otherwise you risk buying a producer with more leverage than you bargained for," analysts at the brokerage said.The firm added that concerns related to diesel supply are largely a pricing issue rather than a shortage and are already reflected in valuations.Euroz Hartleys said West African Resources (ASX:WAF) was the cheapest gold stock on a cashflow yield basis, while Greatland Resources (ASX:GGP) was the lowest-cost producer.

ASX:EVNASX:GCPASX:NEMASX:NSTASX:PNRASX:RRLASX:WAF
Asia

Evolution Mining Posts 3% Rise in Group Gold Mineral Resources to 31 Million Ounces

Evolution Mining's (ASX:EVN) group mineral resources reached an estimated 31 million ounces of gold and 4.2 million tonnes of copper net of depletion, with contained gold increasing by 900,000 ounces or 3% year-on-year, driven by continued growth at Cowal of 1.2 million ounces and Northparkes open pits of 170,000 ounces, according to a Friday Australian bourse filing.The company said group ore reserves stand at 12 million ounces of gold and 1.3 million tonnes of copper net of depletion, with contained gold increasing by 500,000 ounces or 5%, underpinned by reserve additions at Cowal of 670,000 ounces and Red Lake Tailings of 200,000 ounces.Mining depletion at Ernest Henry and updates at Marsden contributed to a decline in copper mineral resources of 200,000 tonnes or 4%, while mining depletion at Ernest Henry and Northparkes contributed to a decrease in copper ore reserves of 100,000 tonnes or 4%, the filing added.The Northparkes expansion study, expected to be completed by the end of fiscal year 2027, is expected to deliver further growth to group mineral resources and ore reserves as studies are completed and execution work progresses, the company added.The company's shares rose 1% in recent Friday trade.

ASX:EVN
Asia

ASX Biggest Gainers

Here are the 10 ASX-listed companies with the biggest gains on Monday.Elevra Lithium (ASX:ELV): +7%, AU$12.92Newmont (ASX:NEM): +6%, AU$166.42IGO (ASX:IGO): +5%, AU$7.39Pilbara Minearls (ASX:PLS): +3%, AU$5.99Breville Group (ASX:BRG): +2%, AU$31.53Evolution Mining (ASX:EVN): +2%, AU$13.08Greatland Resources (ASX:GGP): +2%, AU$14.23Life360 (ASX:360): +1%, AU$21.23Sandfire Resources (ASX:SFR): +1%, AU$17.34Mineral Resources (ASX:MIN): +1%, AU$60.24

ASX 200ASX:360ASX:BRGASX:ELVASX:EVNASX:GGPASX:IGOASX:MINASX:NEMASX:PLSASX:SFR
Asia

Newmont Shares Soar Despite Decline in Gold Prices Recover Losses

Newmont's (ASX:NEM) shares soared over 6% in recent trading on Monday, while those of Evolution Mining (ASX:EVN) gained over 1%, as gold prices recovered losses.Spot gold recovered to $4,707.75 per ounce, ​after falling 0.8% earlier in the session. The precious metal declined 2.5% in the previous week.Shares of Northern Star Resources (ASX:NST) were almost flat.

ASX:EVNASX:NEMASX:NST
Asia

Evolution Mining Shows Ability to Translate Gold Fundamentals to Cash Generation, Jefferies Says

Evolution Mining (ASX:EVN) exhibited a potent ability to translate current gold fundamentals through to cash generation even as it posted a resounding miss to fiscal third-quarter metrics, Jefferies said in a Thursday note.The company's operational issues in the quarter were temporary and it has a better cash flow outlook for the fiscal fourth quarter, while increasing optics on capital management are outweighing a softer fiscal 2027 outlook, the equity research firm said.Although lower Cowal mine volumes and higher all-in sustaining costs represent headwinds, the transition to processing low-grade stockpiles should support lower cash costs and help sustain operating mine cash flow.Jefferies added that Evolution Mining's balance sheet is in good order, and its liquidity position of roughly AU$1.90 billion, with no debt repayments due until fiscal 2029, give it plenty of flexibility to finance growth initiatives."We continue to see upside risk to [capital expenditure] beyond FY26, with the stronger balance sheet supporting concurrent project funding rather than prior sequencing, while [Evolution Mining's] stated ambition to manage up to eight assets leaves M&A an option," Jefferies said.It maintained an underperform rating and AU$11 price target on the company.Evolution Mining's shares fell almost 4% in recent Friday trade.

ASX:EVN
Asia

ASX Biggest Losers

Here are the seven ASX-listed companies with the biggest losses on Friday.4D Medical (ASX:4DX): -5%, AU$6.08Evolution Mining (ASX:EVN): -4%, AU$13.30Whitehaven Coal (ASX:WHC): -3%, AU$8.13Alcoa (ASX:AAI): -3%, AU$96.50Westgold Resources (ASX:WGX): -3%, AU$6.25New Hope (ASX:NHC): -2%, AU$5.33Capricorn Metals (ASX:CMM): -2%, AU$11.53

ASX 200ASX:4DXASX:AAIASX:CMMASX:EVNASX:NHCASX:WGXASX:WHC
Asia

Jarden Adjusts Evolution Mining's Price Target to AU$8.60 from AU$8.50, Keeps at Underweight

Evolution Mining (ASX:EVN) has an average rating of hold and mean price target of AU$14.64, according to analysts polled by FactSet.

ASX:EVN

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