Evolution Mining meets FY26 gold production, cost guidance
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The news: Evolution Mining has told the exchange it has met FY26 group gold production, all-in sustained cost (AISC) and capital guidance.
The numbers: FY26 group production came in at 715,000 ounces for gold and 66,000 tonnes of copper at an AISC of $1,717 per ounce.
The company also said it achieved record full-year cashflow of about $1.39 billion, with a net cash balance of almost $1.35 billion.
During the June quarter, the company produced 180,000 ounces of gold and 19,000 tonnes of copper at a 23% improved AISC of $1,706 per ounce. Cashflow was $374 million during the quarter and an FY26 interim dividend of $406 million was paid.
Evolution also said inflation is expected to result in a 4%-5% impact on FY27 AISC, about $150 to $160 per ounce. Sustainment capital is likely to be $50 million to $60 million above FY26 while mine development cost is expected to be about $130 million to $160 million higher.
The context: Evolution said its Ernest Henry operations were back to full production and the ramp-up of its Mungari Mill is complete.
The company is also progressing its Cowal Open Pit Continuation project on schedule while the Northparkes (E22) and Ernest Henry (Bert) development to ramp up in FY27.
The source: ASX
