Evolution Mining remains on track to meet its FY26 production and cost guidance, according to the company’s recent trading update. The gold producer reported a September quarter production of 174,000 ounces of gold and 18,000 tonnes of copper, with all-in sustaining costs at $1724 per ounce. Evolution Mining is an Australian gold mining company focused on discovering, developing, and operating gold mines. The company operates across multiple sites in Australia and Canada, striving for sustainable and responsible mining practices.
The company reported a net mine cash flow of $366 million and an operating mine cash flow of $676 million for the quarter. Chief Executive Officer Lawrie Conway stated the company is generating significant cash flow, allowing for further financial deleveraging, improving gearing to 11 per cent.
Conway added that Evolution Mining’s projects are progressing well and remain on schedule. The Mungari mill is on track for commercial production this month following a successful ramp-up. The Cowal open pit conversion project is being executed according to plan. These advancements position the company well to deliver on its FY26 strategic and financial objectives.
Evolution Mining’s shares have increased by 135 per cent year-to-date, trading at $11.42, driven by rising gold prices.
