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Evolution Mining Limited ( (AU:EVN) ) has issued an update.
Evolution Mining Limited reported a record statutory net profit after tax of $365.1 million for the half-year ended 31 December 2024, reflecting a 277% increase from the previous year. The company’s strong financial performance was driven by consistent operational delivery and higher gold and copper prices, resulting in significant cash flow improvements and a substantial rise in earnings per share. Evolution Mining also announced an interim, fully franked FY25 dividend of 7.0 cents per share and highlighted the progress of the Mungari mill expansion, which is ahead of schedule and under budget.
More about Evolution Mining Limited
Evolution Mining Limited is a leading Australian gold mining company operating six mines across Australia and Canada, specializing in the exploration, mine development, and sale of gold and gold-copper concentrate. The company is recognized for its low-cost operations and strategic market focus on gold and copper production.
YTD Price Performance: 18.61%
Average Trading Volume: 5,154
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.38B
For a thorough assessment of EVN stock, go to TipRanks’ Stock Analysis page.
