Evolution Mining Posts Higher Fiscal H1 Earnings as Revenue Rises

MT Newswires Live
02-12

Evolution Mining (ASX:EVN) reported Wednesday that its earnings per diluted share in the fiscal first half rose to AU$0.1832, from AU$ 0.0521 per diluted share a year earlier.

Analysts polled by Visible Alpha were expecting EPS of AU$0.16.

Total revenue for the six months ended Dec. 31, 2024, was AU$2.03 billion, up 52% from AU$1.34 billion in the same period last year. Analysts surveyed by Visible Alpha expected AU$1.97 billion.

The mining firm said it remains on track to deliver fiscal 2025 production guidance of 710,000 ounces to 780,000 ounces of gold and 70,000 tonnes to 80,000 tonnes of copper at an all-in sustaining cost of AU$1,475 per ounce to AU$1,575 per ounce.

The board declared an interim dividend of AU$0.07 per share, up from the AU$0.02 in the previous reported period, payable on April 4 to shareholders on record as of March 5.

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