Shares of Evolution Mining (CAHPF, Financials) rose 7.5% to $3.55 as of 2:49 p.m. GMT-5 on Wednesday after the company reported a 54% increase in group cash flow for the December quarter of FY25.

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Its quarterly results issued earlier in the day linked better profitability to increased gold prices and operational improvements.

Up 31% from the previous quarter, the business attained a record operating mining cash flow of AU$561 million. Additionally increasing 53% to AU$263 million was net mining cash flow. The average gold price for the quarter rose by 11% to AU$4,069 per ounce. Following a AU$99 million final dividend for FY24 and debt reduction of AU$15 million, Evolution's cash position rose to AU$520 million. Benefitted by a 22.6% gearing ratio, net debt dropped to AU$1.29 billion.

Copper output came to 18,554 tonnes while gold production came to 194,793 ounces. Among the lowest in the sector, all-in sustaining expenditures were AU$1,543 per ounce. Important initiatives progressed dramatically; the Mungari mill expansion currently nine months ahead of time and 6% under budget, and regulatory permission for Cowal Mine extending operations until 2042.

At an all-in sustaining cost of AU$1,475 AU$1,575, evolution confirmed its FY25 projection of producing 710,000780,000 ounces of gold and 70,00080,000 tonnes of copper. Strong cash flow and operational performance of the firm show its capacity to take advantage of favorable gold market circumstances while advancing important development projects.