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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Evolution Mining Ltd    EVN   AU000000EVN4

EVOLUTION MINING LTD

(EVN)
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End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 05/23
3.64 AUD   --.--%
05/15ENTERPRISE METALS LIMITED : - Airborne Survey Commenced on Murchison Project
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04/29Gascoyne Resources Limited - Appointment of Richard Hay as CEO
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04/17Aruma Resources Commences Drilling at Kopai Gold Project
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Evolution Mining : Reports Higher Gold Output, Lower Costs

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01/21/2015 | 05:12pm EDT
   By Rhiannon Hoyle 
 

SYDNEY--Evolution Mining Ltd. (>> Evolution Mining Ltd) recorded its highest quarterly gold production since the Australian mining company was formed three years ago, and said it was continuing to cut output costs.

The company said Thursday that gold production rose 5.7% in its fiscal second-quarter to a record 113,280 troy ounces. Evolution counts Australia's largest listed gold producer, Newcrest Mining Ltd. (>> Newcrest Mining Limited), as a major shareholder.

Higher output of the precious metal was underpinned by a sharp increase in production from its Edna May gold mine in Western Australia state.

The Sydney-based company said it had also slashed costs to an all-time low, 10% below its average in the fiscal year through June 2014. Evolution now expects cash costs for the current financial year to be at the lower end of its earlier projected range of between 750 Australian dollars (US$606) and A$820 an ounce. It reiterated full-year production guidance of 400,000-440,000 ounces of gold.

The company was formed in 2011 through a merger of Catalpa Resources Ltd. and Conquest Mining Ltd., with the concurrent acquisition of Newcrest's interests in the Cracow and Mt Rawdon mines in Queensland state.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

Stocks mentioned in the article : Evolution Mining Ltd, Newcrest Mining Limited
Stocks mentioned in the article
ChangeLast1st jan.
EVOLUTION MINING LTD 0.00% 3.64 End-of-day quote.-1.36%
NEWCREST MINING LIMITED 0.52% 26.86 End-of-day quote.22.57%
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Latest news on EVOLUTION MINING LTD
05/15ENTERPRISE METALS LIMITED : - Airborne Survey Commenced on Murchison Project
AQ
04/29Gascoyne Resources Limited - Appointment of Richard Hay as CEO
AQ
04/17Aruma Resources Commences Drilling at Kopai Gold Project
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04/16EVOLUTION MINING : March 2019 Quarterly Report
PU
04/16EVOLUTION MINING : Annual Mineral Resources and Ore Reserves Statement
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04/14EVOLUTION MINING : Quarterly Results Conference Call
PU
04/12METALS : Share Purchase Plan and Joint Venture with Evolution Mining Ltd Raises ..
AQ
04/06SRG : Big boost for SRG as Evolution Mining extends drill and blast agreements
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04/03EVOLUTION MINING : Cowal Site Visit Presentation
PU
04/03ARUMA RESOURCES : Share purchase plan closed
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More news
Financials (AUD)
Sales 2019 1 518 M
EBIT 2019 328 M
Net income 2019 206 M
Finance 2019 74,8 M
Yield 2019 2,09%
P/E ratio 2019 27,95
P/E ratio 2020 19,12
EV / Sales 2019 4,02x
EV / Sales 2020 3,58x
Capitalization 6 177 M
Chart EVOLUTION MINING LTD
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Technical analysis trends EVOLUTION MINING LTD
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 3,47  AUD
Spread / Average Target -4,8%
EPS Revisions
Managers
NameTitle
Jacob Klein Executive Chairman
Robert Fulker Chief Operating Officer
Lawrie Conway CFO, Finance Director & Executive Director
Evan Elstein Secretary, Vice President-IT & Community Relations
James Edward Askew Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
EVOLUTION MINING LTD-1.36%4 246
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ZIJIN MINING GROUP CO., LTD.-3.29%10 093
GOLD FIELDS LIMITED11.29%3 151
SIBANYE GOLD LTD17.91%1 958
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