Evolution Mining Limited
Price History
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About Evolution Mining Limited
Overview
Evolution Mining Limited is a leading, growth-focused Australian gold miner with operations and projects spanning Australia and Canada. The company was established in 2011 and has grown through a combination of operational improvements at acquired assets and strategic transactions. Evolution maintains a portfolio of long-life, low-cost operations producing over 700,000 ounces of gold annually.
Operations
Evolution operates six gold mines: Cowal (New South Wales), Red Lake (Ontario), Mungari including KKGM operations (Western Australia), Mt Rawdon (Queensland), Mt Carlton (Queensland), and Ernest Henry copper-gold mine (Queensland, 100% owned). The company is also developing the Northparkes copper-gold acquisition. Operations span multiple jurisdictions providing geographic diversification.
Strategy
The company's strategy emphasizes maximizing value from existing operations through operational improvements and cost management, growing through brownfield expansions at existing assets and selective acquisitions, maintaining exploration programs to extend reserve life and discover new deposits, delivering sustainable returns to shareholders through dividends, and pursuing opportunities in copper-gold assets given the energy transition megatrend.
Key Projects
Major projects include the Cowal expansion which has significantly increased production and extended mine life, Red Lake optimization following the acquisition from Newmont, development of additional mining areas at Mungari, potential expansions at Ernest Henry, and advancing the Northparkes copper-gold asset following its acquisition. Evolution maintains active exploration programs across all operating districts.
Primary Commodities
Project Economics
Cowal
- Mineral Reserves
- 129.5 Mt at 1.04 g/t Au for 4,329 koz Au (Proved+Probable)
- Mineral Resources
- 273.3 Mt at 1.01 g/t Au for 8,840 koz Au (Measured+Indicated+Inferred)
Marsden
- Mineral Reserves
- Ore Reserves: 65.2Mt @ 0.39g/t Au for 817koz Au and 0.57% Cu for 371kt Cu (Probable only)
- Mineral Resources
- Mineral Resources: 123.0Mt @ 0.27g/t Au for 1,053koz Au and 0.46% Cu for 560kt Cu (Indicated: 119.8Mt @ 0.27g/t Au, 0.46% Cu for 1,031koz Au, 553kt Cu; Inferred: 3.1Mt @ 0.22g/t Au, 0.24% Cu for 22koz Au, 7kt Cu)
Mt Rawdon
- Mineral Reserves
- 10.9 Mt at 0.61 g/t Au for 216 koz Au
- Mineral Resources
- 28.8 Mt at 0.52 g/t Au for 478 koz Au
Mungari
- Mineral Reserves
- 24.3 Mt at 1.58 g/t Au for 1,238 koz Au
- Mineral Resources
- 97.5 Mt at 1.70 g/t Au for 5,338 koz Au
Northparkes
- Mineral Reserves
- 101.4 Mt at 0.53% Cu, 0.27 g/t Au for 0.53 Mt Cu, 0.88 Moz Au
- Mineral Resources
- 526.86 Mt at 0.55% Cu, 0.19 g/t Au for 2.91 Mt Cu, 3.29 Moz Au
Red Lake
- Mineral Reserves
- 13.0 Mt at 6.90 g/t Au for 2,878 koz Au
- Mineral Resources
- 60.4 Mt at 6.35 g/t Au for 12,342 koz Au
Ernest Henry
- Mineral Reserves
- 77.4 Mt at 0.45 g/t Au for 1,109 koz Au (gold); 77.4 Mt at 0.76% Cu for 589 kt Cu (copper)
- Mineral Resources
- 101.5 Mt at 0.73 g/t Au for 2,368 koz Au (gold); 101.5 Mt at 1.25% Cu for 1,271 kt Cu (copper)
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
Financial Metrics
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Press Releases
June 2026's Top ASX Dividend Stocks
As the ASX prepares for a modest rise amidst mixed signals from Wall Street, investors are closely watching global economic indicators and commodity prices that could influence market dynamics. In this environment, dividend stocks remain an attractive option for those seeking stable returns, as they often provide consistent income even when broader market conditions fluctuate.
Surge Battery Metals Reports Optimization of Flowsheet Parameters and Extraction Successes at Nevada North
West Vancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to provide an update on the metallurgical testing program currently underway to support the Pre-Feasibility Study (PFS) by Nevada North Lithium, LLC ("NNL"), the joint venture formed by Surge and Evolution Mining Limited ("Evolution") to develop the Nevada North Lithium Project. Concurrently with the successful development of..
Surge Announces Resource Upgrade at Nevada North: 657.5 Mt Grading @ 3,007 ppm Li Containing 10.5 Mt LCE Measured and Indicated Including 6.7 Mt LCE @ 3,820 ppm Li
West Vancouver, British Columbia--(Newsfile Corp. - May 14, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that Nevada North Lithium, LLC ("NNL"), the joint venture formed by Surge and Evolution Mining Limited ("Evolution"), has reported an updated Mineral Resource Estimate ("MRE") for the Nevada North Lithium Project ("NNLP") containing 10.5 Mt of Lithium Carbonate Equivalent (LCE) grading 3,007 ppm Li Measured and...
Top ASX Dividend Stocks To Watch In May 2026
As the ASX 200 continues its upward trajectory, buoyed by positive global market trends and a potential US-Iran peace deal, investors are keeping a keen eye on dividend stocks that offer stability amid financial stress experienced by many households. In this environment, a good dividend stock is characterized by consistent payouts and resilience to economic fluctuations, making them attractive options for those seeking reliable income streams.
Regis And Vault Forge A$10.7 Billion Gold Giant
Regis will acquire Vault in an all-share deal, creating Australia's third-largest gold producer by market capitalization.
Triple Flag Royalty Deals And Record Quarter Contrast With Share Price Slide
Triple Flag Precious Metals reported record quarterly results. The company agreed to acquire a significant royalty on the Gunnison copper project. Triple Flag entered a gold focused royalty agreement on the Northparkes E44 deposit with Evolution Mining. Triple Flag Precious Metals (TSX:TFPM) is drawing attention after these updates, with the stock recently trading at CA$42.5. The company has delivered a 41.3% return over the past year and a 94.5% return over the past three years, which puts...
Triple Flag Announces Record Q1 2026 Results
TORONTO, May 05, 2026--Triple Flag Precious Metals Corp. (with its subsidiaries, "Triple Flag" or the "Company") (TSX: TFPM, NYSE: TFPM) announced its results for the first quarter of 2026 and declared a dividend of US$0.0575 per common share to be paid on June 15, 2026. Unless otherwise indicated, all amounts are expressed in US dollars.
Surge Battery Metals Announces Additional CA$2.1 Million Advance by Evolution Mining to Nevada North Lithium LLC
West Vancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that Nevada North Lithium LLC ("NNL"), the joint venture formed by subsidiaries of Surge and Evolution Mining Limited ("Evolution"), has received an additional CA$2,100,000 advance from Evolution pursuant to the terms of NNL's amended and restated operating agreement. Evolution has previously advanced...
Surge Battery Metals Engages Kemetco for Advanced Prefeasibility Metallurgical Testing at the Nevada North Lithium Project
West Vancouver, British Columbia--(Newsfile Corp. - April 1, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5) (the "Company" or "Surge") is pleased to announce that Nevada North Lithium LLC ("NNL"), the joint venture formed by Surge and Evolution Mining Limited ("Evolution"), has commenced an advanced metallurgical optimization program with Kemetco Research Inc. ("Kemetco") to support the ongoing Pre-Feasibility Study (PFS) for the Company's flagship, high-grade Nevada...
How The Investment Story For Evolution Mining (ASX:EVN) Is Shifting With New Analyst Targets
Evolution Mining’s refreshed analyst narrative now anchors around a revised fair value price target of A$13.91, up from A$13.17, setting a new reference point for how the stock is being framed. This shift aligns with broader Street research, where higher commodity price assumptions are associated with a more optimistic but still measured stance on how far the shares might run. Read on to see what these changing targets could mean for you and how to keep track of the evolving story. Analyst...
Quick Facts
- Ticker Symbol
- EVN.AX
- Market Cap
- Mid Cap
- Category
- Gold
- Commodities
- Gold, Silver, Copper
- Headquarters
- Sydney, Australia
- Founded
- 2011
- Employees
- ~2,600
Operating Countries
Producing Assets
- •Cowal (Australia)
- •Red Lake (Canada)
- •Mungari (Australia)
- •Mt Rawdon (Australia)
- •Mt Carlton (Australia)
- •Ernest Henry (Australia)
Development Assets
- •Northparkes (Australia)
- •Cowal Expansion (Australia)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.