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Evolution Mining Limited (AU:EVN)
:EVN
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Evolution Mining (EVN) AI Stock Analysis

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AU:EVN

Evolution Mining

(OTC:EVN)

Rating:75Outperform
Price Target:
AU$8.50
▲(4.94% Upside)
The overall stock score reflects strong financial performance and positive earnings call highlights, such as cash flow increases and project advancements. However, moderate valuation and neutral technical analysis temper the overall outlook.

Evolution Mining (EVN) vs. iShares MSCI Australia ETF (EWA)

Evolution Mining Business Overview & Revenue Model

Company DescriptionEvolution Mining (EVN) is a leading Australian gold mining company headquartered in Sydney, Australia. The company operates several gold mines across Australia and has a diverse portfolio of projects in various stages of development. Evolution Mining is focused on sustainable mining practices and generating strong returns for its shareholders through efficient operations, exploration, and the strategic acquisition of high-quality assets.
How the Company Makes MoneyEvolution Mining generates revenue primarily through the extraction and sale of gold. The company operates several mines that produce gold, which is then sold on the open market at prevailing prices. Key revenue streams include gold sales from its operating mines, which are supported by strategic investments in exploration to maintain and grow its resource base. Evolution Mining may also benefit from strategic partnerships or joint ventures that enhance its operational capabilities and expand its resource portfolio. Additionally, the company's focus on operational efficiency and cost management contributes to its profitability, ensuring it can maximize returns on its gold production.

Evolution Mining Earnings Call Summary

Earnings Call Date:Aug 12, 2025
(Q4-2025)
|
% Change Since: 5.33%|
Next Earnings Date:Feb 18, 2026
Earnings Call Sentiment Positive
The earnings call presents a strong overall performance, with record-breaking cash flow, improved safety metrics, and significant exploration success. However, there are concerns about increasing costs and challenges in specific operations. Despite these, the positive aspects significantly outweigh the negatives.
Q4-2025 Updates
Positive Updates
Record-Breaking Cash Flow
Generated $308 million in group cash flow for the quarter, with a year total just shy of $800 million, underpinned by $2.3 billion of operating cash flow.
Safety Improvements
TRIF improved by 35% over the prior year, reaching its lowest point just under 5%.
Debt Repayment and Financial Flexibility
Repaid all FY '26 debt commitments of $145 million and improved gearing to 15%, a 40% reduction from the start of the year.
Mungari Plant Expansion
Early commencement of commissioning of the plant expansion at Mungari, with ramp-up to full production well advanced.
Significant Exploration Success
Discovered new veins at Mungari, with a reported mineral resource of over 300,000 ounces of gold at an average grade of 10 grams per tonne.
Negative Updates
Increase in All-In Sustaining Costs
All-in sustaining cost for FY '26 is guided at $1,720 to $1,880 per ounce, mainly due to inflation and increased noncash costs.
Potential Operational Challenges
Stockpile usage at Cowal and Northparkes may impact costs, with a higher noncash cost component of the all-in sustaining cost.
Red Lake Reserve Grade Decline
Reserve grade at Red Lake has declined due to changes in cutoff grades and less continuity in underground resources.
Company Guidance
During the call, Evolution Mining provided detailed guidance for the fiscal year 2026, emphasizing a "rinse and repeat" strategy to replicate the successful results of fiscal year 2025. The company aims to produce between 710,000 to 780,000 ounces of gold and 70,000 to 80,000 tonnes of copper, maintaining similar production levels as the previous year. They anticipate an all-in sustaining cost of $1,720 to $1,880 per ounce, accounting for a 4% inflation impact and a higher non-cash cost component due to stockpile utilization. The group's capital investment is projected at $780 million to $980 million, reflecting a decrease from FY '25. Evolution Mining also highlighted its improved safety performance with a 35% reduction in TRIF and a gearing improvement to 15%. The company plans to maintain its focus on safe and consistent delivery while leveraging exploration successes at Mungari and Northparkes for future growth.

Evolution Mining Financial Statement Overview

Summary
Evolution Mining Limited demonstrates robust financial health with strong revenue growth and improving profitability margins. While the balance sheet is stable, debt management remains crucial. Significant improvements in cash flow indicate strong financial performance, although further alignment with net income is needed.
Income Statement
85
Very Positive
Evolution Mining Limited has shown strong revenue growth, with a 44.5% increase from 2023 to 2024. The Gross Profit Margin for 2024 is 28.7%, and the Net Profit Margin is 13.1%, both indicating solid profitability. The EBIT and EBITDA margins are 26.1% and 44.6% respectively, reflecting efficient operations. However, the previous year's margins were lower, indicating improvement but with room for further stabilization.
Balance Sheet
78
Positive
The company's Debt-to-Equity Ratio is 0.49, suggesting moderate leverage which is manageable. Return on Equity (ROE) is 10.2%, which is satisfactory but could be improved. The Equity Ratio stands at 47.0%, indicating a healthy balance between equity and assets. The balance sheet shows a solid equity base, but attention is needed to manage debt levels as the company grows.
Cash Flow
72
Positive
The Free Cash Flow has grown significantly from a negative position in 2023 to 363 million in 2024. The Operating Cash Flow to Net Income Ratio is 3.03, indicating strong cash generation relative to net income. However, the Free Cash Flow to Net Income Ratio is 0.86, suggesting that while cash flow generation is strong, it could be more aligned with net income.
BreakdownJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue3.22B2.23B2.06B1.86B1.94B
Gross Profit923.26M416.20M486.60M575.21M651.88M
EBITDA1.43B847.36M934.85M914.16M865.09M
Net Income422.27M163.51M323.32M345.26M301.55M
Balance Sheet
Total Assets8.82B6.75B6.63B3.96B3.78B
Cash, Cash Equivalents and Short-Term Investments403.30M46.15M572.43M160.06M372.59M
Total Debt2.02B1.82B1.86B636.33M605.19M
Total Liabilities4.68B3.46B3.38B1.42B1.31B
Stockholders Equity4.14B3.29B3.25B2.53B2.46B
Cash Flow
Free Cash Flow363.16M-103.39M107.58M319.69M536.12M
Operating Cash Flow1.28B735.28M776.68M757.01M1.01B
Investing Cash Flow-1.51B-1.03B-1.83B-724.12M-1.00B
Financing Cash Flow586.65M-226.28M1.47B-244.79M35.91M

Evolution Mining Technical Analysis

Technical Analysis Sentiment
Positive
Last Price8.10
Price Trends
50DMA
7.69
Positive
100DMA
7.92
Positive
200DMA
6.74
Positive
Market Momentum
MACD
0.11
Negative
RSI
63.05
Neutral
STOCH
71.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EVN, the sentiment is Positive. The current price of 8.1 is above the 20-day moving average (MA) of 7.58, above the 50-day MA of 7.69, and above the 200-day MA of 6.74, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 63.05 is Neutral, neither overbought nor oversold. The STOCH value of 71.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EVN.

Evolution Mining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
AU$15.89B16.9719.86%1.50%35.31%115.08%
73
Outperform
C$4.82B9.0722.80%1.77%12.24%14.88%
71
Outperform
$26.07B22.0811.04%2.74%25.11%28.88%
70
Outperform
AU$4.92B38.6419.70%125.45%
69
Neutral
$3.59B25.0413.42%0.60%11.93%22.74%
65
Neutral
$3.35B-0.38%29.83%93.23%
61
Neutral
$10.07B6.270.58%3.01%2.91%-45.05%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EVN
Evolution Mining
8.10
3.87
91.49%
AU:RRL
Regis Resources Limited
4.47
2.70
152.54%
AU:NST
Northern Star Resources Ltd
18.31
3.66
25.01%
AU:PRU
Perseus Mining
3.59
1.09
43.60%
AU:GOR
Gold Road Resources Ltd
3.32
1.52
84.04%
AU:GMD
Genesis Minerals Limited
4.25
2.05
93.18%

Evolution Mining Corporate Events

Evolution Mining Outlines Strategic Plans and Financial Insights
Aug 4, 2025

Evolution Mining has released a presentation highlighting its strategic plans and financial performance, emphasizing the use of non-IFRS financial measures to provide insights into its operations. The company acknowledges the inherent risks and uncertainties in its forward-looking statements, advising stakeholders to consider these factors when evaluating its future performance.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Evolution Mining to Release FY25 Financial Results
Jul 31, 2025

Evolution Mining Limited announced that its financial results for the fiscal year ending June 30, 2025, will be released on August 13, 2025, followed by a conference call hosted by key executives. The call will provide insights into the company’s performance and is accessible via a live audio stream on their website. This announcement is significant for stakeholders as it will offer detailed insights into the company’s financial health and operational strategies.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Evolution Mining Reports Promising Exploration Results at Mungari and Northparkes
Jul 15, 2025

Evolution Mining has reported promising exploration results from its Mungari and Northparkes sites during the June 2025 quarter. At Mungari, high-grade results from the Genesis and Solomon discoveries, as well as new findings at Arctic, are expected to support the growth of underground mineral resources. Meanwhile, at Northparkes, shallow copper-rich results from Major Tom and E51 prospects are being evaluated for potential open-pit operations, aiming to enhance operational flexibility and incremental production growth. These developments underscore Evolution Mining’s confidence in the growth potential of these sites, with ongoing efforts to optimize resource modeling and mining operations.

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.

Evolution Mining Achieves Record Cash Flow and Sets Positive Outlook for FY26
Jul 15, 2025

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.

Evolution Mining Announces Cessation of Performance Rights
Jul 6, 2025

Evolution Mining Limited announced the cessation of 212,415 performance rights due to the conditions for these securities not being met or becoming incapable of being satisfied. This development may impact the company’s capital structure and could have implications for stakeholders regarding the company’s operational and financial strategies.

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.

Van Eck Associates Reduces Stake in Evolution Mining
Jun 24, 2025

Van Eck Associates Corporation has reduced its voting power in Evolution Mining Limited from 8.68% to 7.21%, reflecting a decrease in their holdings of ordinary shares. This change in substantial holding could impact Evolution Mining’s shareholder dynamics and influence future corporate decisions, as Van Eck remains a significant investor with varied interests through multiple ETFs.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Evolution Mining to Discuss June Quarter 2025 Results in Upcoming Conference Call
Jun 15, 2025

Evolution Mining Limited has announced its June Quarter 2025 results will be discussed in a conference call on July 16, 2025. The call, hosted by key company executives, will provide insights into the company’s performance and is accessible via a live audio stream on their website, highlighting Evolution’s commitment to transparency and stakeholder engagement.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Evolution Mining Reports Significant Growth in Mineral Resources and Ore Reserves
Jun 5, 2025

Evolution Mining Limited has released its annual Mineral Resources and Ore Reserves statement as of December 31, 2024, showcasing significant growth in its mineral resources and ore reserves. The company reported an increase in contained gold and copper resources, with notable growth at the Mungari, Ernest Henry, and Northparkes sites, while Red Lake experienced a decrease. The overall update highlights a strong portfolio with an average mine life of approximately 15 years, positioning Evolution Mining well for future growth and value delivery.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Evolution Mining Reports Change in Substantial Holder Interests
Jun 4, 2025

Evolution Mining Limited has experienced a change in the interests of a substantial holder, as reported in a recent notice. The change involves various entities, including State Street Global Advisors and State Street Bank and Trust Company, which have adjusted their voting power and relevant interests in the company’s securities. This adjustment reflects a shift in the control of voting rights and the management of securities, potentially impacting the company’s governance and stakeholder dynamics.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

BlackRock Becomes Substantial Holder in Evolution Mining
Jun 2, 2025

The news release from Evolution Mining indicates that BlackRock Group, including BlackRock Inc. and its subsidiaries, has become a substantial holder in the company, with a relevant interest in 133,174,001 voting shares, representing a 6.65% voting power. This development highlights a significant investment by BlackRock, which could influence Evolution Mining’s strategic decisions and potentially impact its market positioning and stakeholder interests.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Evolution Mining Sees Shift in Substantial Holder’s Voting Power
May 30, 2025

Evolution Mining Limited has announced a change in the interests of a substantial holder, with State Street Corporation and its subsidiaries adjusting their voting power in the company. This change reflects a decrease in the voting power from 8.10% to 6.95%, indicating a shift in the investment strategy of the substantial holder, which could have implications for the company’s market positioning and influence among stakeholders.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Evolution Mining Appoints New CFO to Strengthen Leadership
May 21, 2025

Evolution Mining has announced the appointment of Ms. Frances Summerhayes as the new Chief Financial Officer, effective early September 2025. With extensive experience in the resources sector, including her previous role as VP Finance Minerals Americas for BHP, Ms. Summerhayes is expected to contribute significantly to Evolution’s strategy of building a premier global gold company, enhancing financial acumen, and unlocking long-term stakeholder value.

The most recent analyst rating on (AU:EVN) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.

Evolution Mining Highlights Strategic Plans at Macquarie Conference
May 7, 2025

Evolution Mining Limited presented at the Macquarie Australia Conference, emphasizing its strategic objectives and operational plans. The company highlighted its use of non-IFRS financial measures to provide insights into its financial performance, cautioning investors about the inherent risks and uncertainties in forward-looking statements.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 25, 2025