Evolution Mining Reports Record-Breaking Profits Amid Gold Price Surge

February 12, 2025 11:13 AM AEDT | By Team Kalkine Media

Evolution Mining Reports Record-Breaking Profits Amid Gold Price Surge — Image source: shutterstock

Future Targets: More Records in Sight

With an ambitious full-year outlook, Evolution is aiming for:

710,000 to 780,000 ounces of gold production
70,000 to 80,000 tonnes of copper
All-in sustaining costs of $1,475 to $1,575 per ounce

CEO Lawrie Conway credited the positive results to the company’s strategic execution and operational stability.

“We have seen the benefits of the foundations laid during FY24 resulting in consistent and reliable delivery in FY25,” Conway stated.

Looking ahead, Evolution expects to generate over $2 billion in operating cash flow, further strengthening its financial position.

Gold Price Surge Adds to Momentum

Evolution’s performance is further boosted by the soaring price of gold, which is approaching US$3,000 per ounce amid heightened economic uncertainty. With gold currently at an all-time high, the company is well-positioned to capitalize on this bullish trend.

Conway emphasized that in such a favorable price environment, miners must demonstrate their ability to convert higher gold prices into shareholder value—a challenge he believes Evolution is ready to meet.

Stock Performance: A 105% Rally

Investors have taken notice of Evolution’s strength, with its share price surging 105% over the past year.

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