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An announcement from Evolution Mining ( (AU:EVN) ) is now available.
Evolution Mining has reported record cash flow figures for the year, driven by high metal prices and adherence to original guidance. The company achieved a significant improvement in safety performance, with a 35% reduction in total recordable injury frequency. The annual operating mine cash flow reached $2.3 billion, and the company ended the year with a cash balance of $760 million after debt repayments. Looking ahead, Evolution expects continued high-margin cash generation in FY26, with a production guidance of 710-780koz of gold and 70-80kt of copper. The company plans to invest $780-980 million in capital projects, focusing on optimizing operations at its key sites, including Mungari and Cowal.
The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.25 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.
More about Evolution Mining
Evolution Mining Limited is a prominent player in the mining industry, primarily focusing on the extraction and production of gold and copper. The company is listed on the Australian Securities Exchange (ASX: EVN) and is known for its operational mines and projects across Australia, with a strategic emphasis on maintaining high safety standards and optimizing production efficiency.
Average Trading Volume: 16,782,526
Technical Sentiment Signal: Buy
Current Market Cap: A$14.9B
For a thorough assessment of EVN stock, go to TipRanks’ Stock Analysis page.