Evolution Mining

Evolution Mining delivered an adjusted record EBITDA of AUD 3.2 billion and an adjusted net profit after tax of AUD 1.6 billion for fiscal year 2026. The company raised the full-year dividend to AUD 0.41 per share (final dividend AUD 0.21) and increased its payout target to 60% of group cash flow. Evolution ended the year with AUD 1.4 billion in cash and expects gold production of 660,000–730,000 ounces for FY2027 with higher AISC of AUD 1,795–1,995/oz; management continues to highlight strong cash‑flow potential but cites higher costs and seasonal production shifts as risks. » Plus sur de.investing.com

Evolution Mining will invest C$12 million via a non‑brokered private placement to acquire just over 15 million units of Arizona Gold & Silver at C$0.80 per unit, taking an approximate 9.9% non‑diluted stake; each unit includes one common share and half a warrant exercisable at C$1 for three years. Arizona Gold & Silver will use at least 90% (~C$10.8 million) of the proceeds to accelerate drilling and exploration at the Philadelphia Gold‑Silver Project, prioritizing expansion of the Perry Zone, testing the three‑kilometre Arabian Fault corridor, evaluating beneath Red Hills and advancing hyperspectral targets. Upon closing, Evolution will receive investor rights including pro rata participation and top‑up rights, the ability to nominate one board member or appoint an observer, advisory committee participation and a first right of refusal on sales of a 10%+ interest in the project. » Plus sur finance.yahoo.com

At the Diggers & Dealers forum, Evolution Mining reported record cash flow of AUD 1.4 billion in fiscal 2026 after reinvestments of AUD 1.1 billion and reiterated a dividend policy of 50% of free cash flow. Management cited sustained high margins (AUD 2,000/oz gold), a threefold production increase over 10 years and a 43% rise in reserves per share. Core projects Ernest Henry, Northparkes and Cowal are expected to deliver returns above 18%; copper transactions (including the takeover of Carnaby Resources and completion of the Mungari expansion) offer additional cash‑flow upside at current prices. The portfolio is positioned for robust returns across different price scenarios and benefits from long‑term trends such as deglobalization and increased central bank gold purchases. » Plus sur de.investing.com