By Digifin Pty Ltd · About this coverage
Key Points
- Production of 154koz gold and 18kt copper; FY27 Group guidance maintained across all measures
- Group AISC of $1,653/oz at a 73% margin
- Operating and net mine cash flow of $775M and $466M; record $186M at Ernest Henry
- Net cash improved to $141M with a cash balance of $1,470M
- Board approved $72M (Evolution share) Northparkes Concentrate Regrind and Filtration Project
About Evolution Mining (ASX:EVN)
Evolution Mining Limited is an ASX-listed gold and copper miner headquartered in Sydney. It operates mines in New South Wales, Queensland and Western Australia and in Ontario, Canada.
Evolution Mining (ASX:EVN) reported its September quarter and maintained FY27 Group guidance across all measures, after what its chief executive called a slower start than expected.
The group produced 154koz of gold and 18kt of copper, against 180koz and 19kt in the June quarter. Group AISC was $1,653/oz, which the company says is below the low end of Group guidance, at a 73% margin. Operating mine cash flow was $775M and net mine cash flow $466M, with all operations positive and a record $186M at Ernest Henry. Group cash flow was $185M ($1,185/oz). The cash balance rose to $1,470M and the net cash position to $141M. Achieved prices were $6,115/oz for gold and a record $20,876/t for copper, and the company is fully unhedged. At Cowal, substantial August rainfall limited access to high grade underground ore, and the new underground contractor's ramp-up reflected changeover challenges. After quarter end the Board approved the Northparkes Concentrate Regrind and Filtration Project at $72M (Evolution share), expected to improve gold and copper recoveries by 2% and 1%, with completion scheduled by Q1 FY29.
Group production is weighted to H2, linked to the Cowal underground ramp-up and new mining areas at Red Lake. The proposed Carnaby Resources acquisition depends on a Carnaby shareholder vote on 26 October.
Source: Evolution Mining Limited (ASX:EVN), 14 October 2026. Summary content supplied by Digifin Pty Ltd.
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