Evolution Mining Announces Dividend Reinvestment Plan Outcome

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Evolution Mining Announces Dividend Reinvestment Plan Outcome

Evolution Mining Limited ( (AU:EVN) ) just unveiled an update.

Evolution Mining Limited has announced the outcome of its Dividend Reinvestment Plan (DRP) for the interim fully franked dividend for the half year ended 31 December 2024. The DRP price is set at $5.9612 per share, with 55.81% shareholder participation, resulting in the issuance of 13,035,776 new shares. This initiative reflects the company’s strategic approach to enhance shareholder value and optimize capital management, potentially strengthening its market position and providing implications for stakeholders regarding future growth and financial health.

More about Evolution Mining Limited

Evolution Mining is a leading gold mining company with a global presence, operating six mines across Australia and Canada. The company focuses on gold and copper production, with a projected output for the financial year 2025 of 710,000 to 780,000 ounces of gold and 70,000 to 80,000 tonnes of copper, maintaining a competitive cost structure.

YTD Price Performance: 26.53%

Average Trading Volume: 5,897

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $7.71B

Find detailed analytics on EVN stock on TipRanks’ Stock Analysis page.

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