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Evolution Mining Limited (ASX:EVN)

ALERT: Price-sensitive ASX Announcement for EVN
Current share price for EVN : $15.350 0.37 (2.47%)+
Announcement
Release
11 Feb 2026 8:43AM
Price at Release
$14.980
Full Release
download
Summary
Evolution Mining Limited has announced an amended and restated metal purchase and sale agreement with Triple Flag International Ltd regarding the Northparkes operation. This agreement provides Evolution with an additional upfront capital contribution and reduces the streaming rates over the gold-rich E44 deposit. Evolution will receive an advance deposit of A$120 million, payable in December 2026, and the streaming rate over E44 will be reduced to 25% for gold and 37.5% for silver. Triple Flag will make payments to Evolution equivalent to 10% of the spot price for gold and silver delivered from E44. Evolution has a binding delivery obligation of gold and silver between FY31 and FY38, but if a final investment decision on E44 is not reached by December 2029, Evolution may repay the deposit, terminating the delivery obligation. This agreement opens up potential for further gold-rich developments at Northparkes.
Key Points
  • Amended agreement with Triple Flag International Ltd.
  • Advance deposit of A$120 million payable in December 2026.
  • Reduced streaming rates over E44 deposit to 25% for gold and 37.5% for silver.
  • Triple Flag to pay 10% of spot price for gold and silver from E44.
  • Binding minimum cumulative delivery obligation between FY31 and FY38.
  • Option to repay the deposit if a final investment decision is not made by December 2029.
  • Agreement facilitates potential further gold-rich developments at Northparkes.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.