Evolution Mining Limited
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About Evolution Mining Limited
Evolution Mining Limited (EVN.AX) is a gold mining company listed on the Australian Securities Exchange (ASX). Our project database tracks 7 projects for Evolution Mining Limited with technical and economic data extracted from company filings. Its flagship project is Cowal, a production-stage open-pit & underground project in Australia, New South Wales holding 8,840 koz Au of contained metal.
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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Frequently Asked Questions
- What does Evolution Mining Limited mine?
- Evolution Mining Limited is focused on Gold, Silver, Copper.
- What is Evolution Mining Limited's flagship project?
- Cowal, a production-stage project in Australia, New South Wales.
- What exchange is Evolution Mining Limited listed on?
- Evolution Mining Limited trades under the ticker EVN.AX on the Australian Securities Exchange (ASX).
- How many projects does Evolution Mining Limited have?
- We track 7 projects with extracted technical and economic data for Evolution Mining Limited.
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.
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.
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...
Is Evolution Mining (ASX:EVN) Quietly Recasting Its Gold Identity With This Lithium Push?
Nevada North Lithium LLC, the joint venture between Surge Battery Metals and Evolution Mining, previously engaged RESPEC to prepare an updated Mineral Resource Estimate for the Nevada North Lithium Project in Elko County, Nevada, following the handover of a comprehensive 3D geological model after the 2025 drill program. This work is intended to upgrade a large portion of the project’s Inferred resources into higher-confidence categories, underpinning a Pre-Feasibility Study led by Fluor...
Newterra Resources Enters into Option Agreement to Acquire Willans Gold Property Located in the Red Lake Mining Camp of Ontario
Langley, British Columbia--(Newsfile Corp. - March 9, 2026) - Newterra Resources Inc. (CSE: NT) ("Newterra Resources" or the "Company") announces that it has entered into an option agreement to acquire a 100% interest in the Willans Gold property located within the prolific Red Lake Mining District in the Province of Ontario, Canada.The Willans Gold property is a large strategic contiguous land position exceeding 5,700 hectares within the projected eastern extension of the main Red Lake Mine...
Evolution Mining (ASX:EVN) Is Paying Out A Larger Dividend Than Last Year
Evolution Mining Limited's ( ASX:EVN ) dividend will be increasing from last year's payment of the same period to...
Assessing Whether Evolution Mining (ASX:EVN) Looks Overvalued After Its Strong Recent Share Price Run
Why Evolution Mining has drawn fresh attention Evolution Mining (ASX:EVN) has caught investor attention after a strong share price move over the past year, with recent returns standing out against its own one-month and past three-month performance. See our latest analysis for Evolution Mining. At the latest share price of A$16.28, Evolution Mining’s short term momentum is clear, with a 1 month share price return of 26.1% and a 1 year total shareholder return of 165.57%, suggesting investors...
Basic Materials Roundup: Market Talk
Find insight on Evolution Mining, precious-metals futures, lithium prices and more in the latest Market Talks covering Basic Materials.
Evolution Mining Expands Projects As Valuation Stretches Beyond Analyst Targets
Evolution Mining (ASX:EVN) has entered a new gold and silver stream agreement for the E44 Gold Deposit at Northparkes. The company has also completed the acquisition of the Two Times Fred Property in British Columbia, Canada. These transactions reflect an expansion of EVN’s project portfolio across both Australia and North America. For you as an investor, these moves put a spotlight on how Evolution Mining, a multi asset gold producer, is using both funding partnerships and property deals...
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.