InvestSMART

Evolution Mining Limited (ASX:EVN)

ALERT: Price-sensitive ASX Announcement for EVN
Current share price for EVN : $12.510 -0.45 (-3.47%)+
Announcement
Release
14 Oct 2026 8:41AM
Price at Release
$12.960
Full Release
download
Summary
Evolution Mining Limited’s September 2026 quarterly report states that the September quarter kept the company on track to deliver FY27 guidance, with production of 154koz of gold and 18kt of copper, Group all-in sustaining cost of A$1,653/oz, operating mine cash flow of A$775 million, net mine cash flow of A$466 million, Group cash flow of A$185 million and an improved net cash position of A$141 million with A$1.47 billion cash on hand; safety improved slightly with TRIF at 5.8, all operations generated positive net mine cash flow, and Ernest Henry delivered a record A$186 million net mine cash flow with record low AISC of negative A$6,822/oz, while Cowal was affected by heavy rainfall and contractor transition, Mungari and Red Lake were impacted by unplanned power interruptions, and Mt Rawdon remained cash positive ahead of its planned move to care and maintenance from the December 2026 quarter; the company maintained FY27 guidance across all measures, highlighted strong realised prices with gold at A$6,115/oz and copper at a record A$20,876/t, noted that major growth projects at Cowal, Ernest Henry and Northparkes remain on schedule and budget, approved the Northparkes Concentrate Regrind and Filtration Project for A$72 million attributable capital with expected recovery improvements and completion by Q1 FY29, reported A$24 million of exploration spend and encouraging drilling results including at Ernest Henry, and also disclosed corporate updates including the proposed acquisition of Carnaby Resources and board and leadership changes.
Key Points
  • September quarter production was 154koz gold and 18kt copper.
  • Group AISC was A$1,653/oz and FY27 guidance was maintained across all measures.
  • Operating mine cash flow was A$775 million and net mine cash flow was A$466 million.
  • Group cash flow was A$185 million and cash balance increased to A$1.47 billion, with net cash improving to A$141 million.
  • TRIF improved to 5.8 on a 12-month moving average basis.
  • Ernest Henry delivered record net mine cash flow of A$186 million and record low AISC of negative A$6,822/oz.
  • Cowal generated A$172 million net mine cash flow but was affected by heavy rainfall and underground contractor transition.
  • Northparkes produced 6koz gold and 6kt copper and its board approved the Concentrate Regrind and Filtration Project with A$72 million attributable capital.
  • Mungari delivered A$74 million net mine cash flow but production was reduced by unplanned power interruptions.
  • Red Lake delivered A$13 million net mine cash flow and was impacted by planned maintenance and about 60 unplanned external power outages.
  • Mt Rawdon generated A$4 million net mine cash flow ahead of planned care and maintenance from the December 2026 quarter.
  • Evolution remained fully unhedged with no gold or copper hedges.
  • Exploration spend was A$24 million, with drilling upside highlighted at Ernest Henry, Cowal and Northparkes.
  • Growth projects at Cowal, Ernest Henry and Northparkes were reported as on schedule and budget.
  • The report noted the proposed acquisition of Carnaby Resources Limited and several board and leadership changes.
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.