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Evolution Mining Limited
(Sydney:EVN)
Evolution Mining Limited (EVN) vs. S&P 500 (SPY)
Evolution Mining Limited Business Overview & Revenue Model
Evolution Mining Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 3.91B | 3.22B | 2.23B | 2.06B | 1.86B | 1.94B | Gross Profit |
| 1.25B | 923.26M | 416.20M | 486.60M | 575.21M | 651.88M | EBIT |
| 1.18B | 838.04M | 359.12M | 437.83M | 530.04M | 611.15M | EBITDA |
| 1.92B | 1.43B | 847.36M | 934.85M | 914.16M | 865.09M | Net Income Common Stockholders |
| 690.49M | 422.27M | 163.51M | 323.32M | 345.26M | 301.55M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 49.22M | 403.30M | 46.15M | 572.43M | 160.06M | 372.59M | Total Assets |
| 1.36B | 8.82B | 6.75B | 6.63B | 3.96B | 3.78B | Total Debt |
| 0.00 | 2.02B | 1.82B | 1.86B | 636.33M | 605.19M | Net Debt |
| -49.22M | 1.62B | 1.78B | 1.29B | 476.27M | 232.60M | Total Liabilities |
| 266.14M | 4.68B | 3.46B | 3.38B | 1.42B | 1.31B | Stockholders Equity |
| 1.09B | 4.14B | 3.29B | 3.25B | 2.53B | 2.46B |
| Cash Flow | Free Cash Flow | ||||
| 599.07M | 363.16M | -103.39M | 107.58M | 319.69M | 536.12M | Operating Cash Flow |
| 1.69B | 1.28B | 735.28M | 776.68M | 757.01M | 1.01B | Investing Cash Flow |
| -1.19B | -1.51B | -1.03B | -1.83B | -724.12M | -1.00B | Financing Cash Flow |
| -177.92M | 586.65M | -226.28M | 1.47B | -244.79M | 35.91M |
Evolution Mining Limited Technical Analysis
Evolution Mining Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $26.33B | 27.86 | 11.01% | 2.36% | 25.11% | 28.88% | |
75 Outperform | $15.42B | 22.16 | 16.97% | 1.43% | 60.56% | 302.20% | |
74 Outperform | $3.70B | ― | -0.38% | ― | 29.83% | 93.23% | |
51 Neutral | $1.08B | 41.67 | -5.02% | ― | 27.79% | -144.05% | |
49 Neutral | $1.92B | -1.52 | -22.04% | 3.84% | 0.67% | -27.41% |
Evolution Mining Limited Earnings Call Summary
Evolution Mining Limited Corporate Events
Evolution Mining Limited’s Board has approved the Cowal Operations Open Pit Continuation project, extending the operation until 2042. This project is expected to generate a significant return on investment, contributing an additional 2 million ounces of gold production. The expansion will involve further mining at the existing E42 pit and the development of three new satellite pits. The project, with a capital investment of $430 million, is anticipated to enhance shareholder returns and provide substantial economic benefits to stakeholders.
Evolution Mining Limited has released its March quarter 2025 results presentation, highlighting the company’s operational and financial performance. The presentation includes non-IFRS financial information to provide insights into the company’s financial conditions and performance, although these measures are not standardized and should be interpreted with caution.
Evolution Mining Limited reported a robust financial performance for the March 2025 quarter, with record mine cash flows and a significant increase in group cash flow by 25% to $207 million. The company successfully reduced its net debt and improved its gearing ratio, while maintaining low all-in sustaining costs. Key operational milestones include the early completion and commissioning of the Mungari mill expansion and the approval of the Cowal Open Pit Continuation project, extending operations to 2042. These developments are expected to enhance cash flow and shareholder returns, reinforcing Evolution Mining’s strong position in the industry.
AustralianSuper Pty Ltd has increased its voting power in Evolution Mining Limited from 14.93% to 16.03%, reflecting a significant change in its interests in the company. This increase in voting power could potentially influence Evolution Mining’s strategic decisions and reflects AustralianSuper’s growing confidence in the company’s future prospects.
Evolution Mining Limited announced a significant development in its Mt Rawdon Pumped Hydro Project, with the Queensland Government, through CleanCo Queensland Limited, committing to invest in the project. This initiative, a joint venture between Evolution and ICA Partners, aims to transform the Mt Rawdon mine into a pumped hydro facility post-mining operations, providing low-cost green energy and job opportunities in Queensland. The project is expected to play a crucial role in the state’s transition to renewable energy by offering long-term energy storage solutions.
Evolution Mining Limited announced the cessation of 1,023,729 performance rights due to the conditions for these securities not being met or becoming incapable of being satisfied. This announcement may impact the company’s capital structure and could have implications for stakeholders regarding the company’s performance targets and incentive structures.
Evolution Mining Limited has announced the issuance of 13,035,776 new ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX). This move is part of a dividend or distribution plan, potentially enhancing the company’s capital structure and providing additional value to its stakeholders.
Evolution Mining Limited has commenced commissioning the expanded Mungari mill, increasing its capacity from 2 million to 4.2 million tonnes per annum. This expansion, completed nine months ahead of schedule and 9% under budget, extends Mungari’s mine life to at least 2038 and boosts annual production by 50% to approximately 200,000 ounces. This milestone secures Mungari’s long-term future and enhances Evolution’s position as a major cash contributor.
Evolution Mining Limited announced that its quarterly report for the period ending 31 March 2025 will be released on 15 April 2025, followed by a conference call hosted by key executives. The call will provide insights into the company’s performance and is accessible to shareholders via a live audio stream on their website, while analysts and media can participate in a Q&A session.
Evolution Mining Limited has announced a change in the substantial holding of Van Eck Associates Corporation, which now holds an 8.68% voting power in the company, down from 10.21%. This reduction in voting power indicates a shift in the investment strategy or portfolio management of Van Eck, potentially impacting the company’s influence on Evolution Mining’s strategic decisions.
Evolution Mining Limited has announced the outcome of its Dividend Reinvestment Plan (DRP) for the interim fully franked dividend for the half year ended 31 December 2024. The DRP price is set at $5.9612 per share, with 55.81% shareholder participation, resulting in the issuance of 13,035,776 new shares. This initiative reflects the company’s strategic approach to enhance shareholder value and optimize capital management, potentially strengthening its market position and providing implications for stakeholders regarding future growth and financial health.
Evolution Mining Limited has announced an update regarding its dividend distribution, confirming the Dividend Reinvestment Plan (DRP) price. This update pertains to the dividend for the six-month period ending December 31, 2024, with key dates including a record date of March 5, 2025, and an ex-date of March 4, 2025. The confirmation of the DRP price is a critical piece of information for stakeholders, as it impacts the financial returns for investors participating in the plan.
JPMorgan Chase & Co. and its affiliates have ceased to be substantial holders in Evolution Mining Limited as of March 6, 2025. This change in holdings may influence the company’s market dynamics and stakeholder interests, as JPMorgan’s involvement in securities lending and investment management has been significant.
Evolution Mining Limited has announced a change in the interests of a substantial holder, with State Street Corporation and its subsidiaries now holding significant voting power in the company. This change in voting power could impact Evolution Mining’s operational decisions and strategic direction, as the substantial holder has the power to control the exercise of voting rights attached to the securities.
Citigroup Global Markets Australia Pty Limited has announced that it has ceased to be a substantial holder in Evolution Mining Limited as of March 6, 2025. This change in holding is due to securities lending agreements and standard stock exchange transactions, impacting over 100 million ordinary fully paid shares. This development may affect the company’s shareholder structure and could have implications for its market dynamics.
Citigroup Global Markets Australia Pty Limited has become a substantial shareholder in Evolution Mining Limited, holding a 6.944% voting power as of March 4, 2025. This development indicates a significant investment by Citigroup, potentially impacting Evolution Mining’s market positioning and signaling confidence in its future prospects.
Evolution Mining Limited has announced a change in the interests of a substantial holder, with State Street Bank and Trust Company and its affiliates holding significant voting power in the company. This change in substantial holding may influence the company’s governance and decision-making processes, potentially impacting its strategic direction and stakeholder relations.
Evolution Mining Limited has received final federal regulatory approval to extend its Cowal Gold Operations open pit mining until 2042, following a robust approval process at both state and federal levels. This approval allows for the expansion of mining activities to include three adjacent ore bodies, ensuring long-term operational stability and continued benefits for stakeholders, with board approval expected in the June 2025 quarter.
Evolution Mining Limited participated in the BMO Global Metals, Mining & Critical Minerals Conference, where insights into their operations and market positioning were discussed. The presentation highlighted the use of non-IFRS financial measures to provide a clearer understanding of the company’s financial performance, cautioning stakeholders about the inherent risks and uncertainties associated with forward-looking statements.
Evolution Mining Limited has announced a new dividend distribution of AUD 0.07 per share for its ordinary fully paid shares, reflecting a six-month financial period ending December 31, 2024. The announcement outlines key dates, including an ex-date of March 4, 2025, a record date of March 5, 2025, and a payment date of April 4, 2025. This distribution is part of the company’s ongoing efforts to provide returns to shareholders and maintain its position in the gold mining industry.
Evolution Mining Limited has announced that Jake Klein will transition from Executive Chair to Non-Executive Chair effective July 2025, marking a strategic leadership change after nearly 15 years since the company’s inception. This transition supports Evolution’s ongoing transformation projects, such as the Mt Rawdon Pumped Hydro, and reflects the company’s commitment to sustainable growth and stakeholder value, as evidenced by its recent strong financial results.
Evolution Mining Limited has released its half-year financial results for 2025, emphasizing its strategic measures in maintaining its position in the gold mining industry. The company highlights its use of non-IFRS financial measures to provide a clearer picture of its financial performance, cautioning investors about the risks associated with forward-looking statements due to potential market and operational uncertainties.
Evolution Mining Limited has reported a record statutory net profit of $365 million for the first half of the fiscal year 2025, marking a significant increase in its financial performance. The company announced a 250% increase in its interim dividend, reflecting strong earnings and cash flow generation. Evolution achieved notable operational milestones, including regulatory approval for extended mining operations at Cowal and ongoing growth opportunities at other sites. These developments, alongside improved safety metrics and reduced gearing, position Evolution Mining as a robust player in the mining sector, supporting enhanced returns for stakeholders.
Evolution Mining Limited reported a record statutory net profit after tax of $365.1 million for the half-year ended 31 December 2024, reflecting a 277% increase from the previous year. The company’s strong financial performance was driven by consistent operational delivery and higher gold and copper prices, resulting in significant cash flow improvements and a substantial rise in earnings per share. Evolution Mining also announced an interim, fully franked FY25 dividend of 7.0 cents per share and highlighted the progress of the Mungari mill expansion, which is ahead of schedule and under budget.
Evolution Mining Limited has announced a change in its substantial holding in Emmerson Resources Limited, with its voting power in the company decreasing from 10.18% to 7.73% due to the dilution of voting power from the issuance of additional ordinary shares by Emmerson Resources. This change reflects Evolution Mining’s maintained interest in Emmerson Resources but also indicates a reduced influence over the company’s voting decisions, potentially impacting their strategic involvement and future decisions related to Emmerson’s operations.
Evolution Mining Limited announced the upcoming disclosure of its half-year financial results, scheduled to be lodged with the ASX on February 12, 2025. The company will host a conference call on the same day to discuss these results, with Jake Klein, Lawrie Conway, and Barrie van der Merwe leading the call. A live audio stream will be available for shareholders, while analysts and media will have the opportunity to participate in a Q&A session. This announcement reflects Evolution Mining’s commitment to transparent communication with its stakeholders, potentially influencing investor confidence and market perception.