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Evolution Mining Limited (ASX:EVN)

ALERT: Price-sensitive ASX Announcement for EVN
Current share price for EVN : $10.890 -2.3 (-17.44%)+
Announcement
Release
15 Apr 2026 8:25AM
Price at Release
$13.190
Full Release
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Summary
Evolution Mining Limited released their March 2026 quarterly report, highlighting the company's strong financial performance and operational success. The company achieved a net cash position of $42 million and a group cash flow of $406 million at a rate of $2,482 per ounce of gold. Mungari and Red Lake operations reported record net mine cash flows of $175 million and $104 million, respectively, due to successful production ramp-ups and increased processing capacities. Total capital expenditure for the quarter was $227 million, supporting ongoing projects like the OPC, E22 block cave, and Coarse Particle Flotation Project. Despite a low hedging position, Evolution continues to achieve 97% of the average gold spot price, while the total liquidity stands at $1.9 billion, including an undrawn revolving credit facility. This quarter also marks the payment of the 26th consecutive dividend. The report underscores Evolution's robust operational momentum and financial stability heading into the next quarter.
Key Points
  • Net cash position of $42 million achieved.
  • Group cash flow of $406 million at $2,482 per ounce.
  • Mungari's record net mine cash flow of $175 million, up 68%.
  • Red Lake's record net mine cash flow of $104 million, up 30%.
  • Total capital expenditure of $227 million.
  • Continuing low hedging position, achieving 97% of the gold spot price.
  • Total liquidity of approximately $1.9 billion.
  • 26th consecutive dividend paid.
  • Ongoing projects include OPC, E22 block cave, and Coarse Particle Flotation Project.
  • Strong operational performance across all sites.
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.