Want to see AU:EVN full AI Analyst Report?
Earnings Data
Report Date
Aug 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.36Last Year’s EPS
0.29Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive overall: the company reported substantial improvements in production, a marked acceleration in cash generation (large increases in underlying and reported cash flow), meaningful balance sheet repair (cash balance near $1 billion, gearing down to 6%, no near-term debt), and successful project execution (Cowal OPC ahead of schedule, Mungari commercial). The main negatives were a significant weather-related disruption at Ernest Henry that will modestly reduce FY26 copper and gold volumes, a small uptick in recordable injuries at specific sites, and some mill capacity constraints that limit immediate upside without incremental capital or higher-return feed. Management reiterated disciplined capital allocation, progressive shareholder returns, and continued focus on high-return project opportunities, leaving the tone constructive and confident.Company Guidance
Strong production and low continuing AISC
Produced 191,000 oz gold and 18,000 t copper in the December quarter for continuing operations. All-in sustaining cost (continuing ops) was a low $1,275/oz. Gold production improved 10% and AISC improved 26% versus the prior comparable period.
Material cash flow acceleration
Underlying group cash flow improved 176% to $541 million (≈$2,800/oz when normalizing for FY25 annual tax timing). Reported cash flow rose 110% to $412 million. Operating cash flow increased 57% to just over $1.0 billion and net mine cash flow doubled to $727 million.
Cowal exceptional cash generation
Cowal delivered $361 million of operating cash flow at ~$4,500/oz and $284 million of net cash in the quarter (equating to >$3 million per day) and is cited as having at least 16 more years of life.
Mungari ramp-up and record cash performance
Mungari moved to commercial production, achieved an annualized mill run-rate of ~4.1 Mtpa and delivered record net mine cash flow of $104 million (a 142% improvement for the quarter). Mungari quarterly AISC reported around $1,980/oz with a go‑forward expectation in the low $2,000s once at steady 50,000 oz quarterly run-rate.
Red Lake delivering steady production and cash
Red Lake produced 33,000 oz in the quarter, is settling into a targeted 30k–40k oz per quarter rhythm, doubled net mine cash flow to $80 million for the quarter and has delivered >$200 million net cash in the past 18 months.
Balance sheet improvement and capital flexibility
Cash balance increased to $967 million after repaying $110 million and paying $116 million in net dividends. No debt due until FY29. Gearing reduced to 6% (from 11% at September and ~30% two years ago) and management expects to be net cash this year.
Guidance maintained and improved cost outlook
Group production guidance unchanged at 710,000–780,000 oz gold and 70,000–80,000 t copper. Group AISC guidance updated to $1,640–$1,760/oz, a 6% improvement on original guidance reflecting continued cost control and stronger by-product credits (partially offset by Ernest Henry impacts).
Project and portfolio progress
Cowal OPC project ahead of schedule and on budget; Mungari progressed to commercial production and Castle Hill haul road sealing completed. Studies for E22 (Northparkes) and Ernest Henry growth options are complete and proceeding to the board for assessment.
AU:EVN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AU:EVN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Aug 13, 2025 | AU$7.79 | AU$7.74 | -0.63% |
Aug 12, 2025 | AU$7.50 | AU$7.79 | +3.90% |
Feb 11, 2025 | AU$5.99 | AU$6.06 | +1.12% |
Aug 13, 2024 | AU$3.63 | AU$3.87 | +6.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Evolution Mining Limited (AU:EVN) report earnings?
Evolution Mining Limited (AU:EVN) is schdueled to report earning on Aug 19, 2026, Before Open (Confirmed).
What is Evolution Mining Limited (AU:EVN) earnings time?
Evolution Mining Limited (AU:EVN) earnings time is at Aug 19, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Evolution Mining Limited stock?
The P/E ratio of Evolution Mining is N/A.
What is AU:EVN EPS forecast?
AU:EVN EPS forecast for the fiscal quarter 2026 (Q4) is 0.36.