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Evolution Mining Ltd (EVN.AX)

Evolution Mining Ltd (EVN.AX)
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Evolution Mining is an Australia-based gold miner. It sold around 750,000 ounces of gold in fiscal 2025 from six wholly or majority owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were purchased in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, the rest of Ernest Henry in 2022 and an 80% stake in the Northparkes copper and gold mine in December 2023. It had roughly 15 years of gold reserves at the end of December 2024.

Fiscal Year End Date: 06/30

(Values in U.S. Thousands) Jun, 2025 Jun, 2024 Jun, 2023 Jun, 2022 Jun, 2021
Sales 4,425,928 3,303,975 2,285,877 2,064,928 1,864,058
Sales Growth +33.96% +44.54% +10.70% +10.78% -4.01%
Net Income 926,169 422,269 163,508 323,324 345,262
Net Income Growth +119.33% +158.26% -49.43% -6.35% +14.50%
(Values in U.S. Thousands) Jun, 2025 Jun, 2024 Jun, 2023 Jun, 2022 Jun, 2021
Total Assets 9,637,154 8,818,841 6,752,385 6,630,066 3,957,035
Total Assets Growth +9.28% +30.60% +1.84% +67.55% +7.68%
Total Liabilities 4,679,818 4,676,645 3,457,509 3,376,090 1,422,145
Total Liabilities Growth +0.07% +35.26% +2.41% +137.39% +18.22%
(Values in U.S. Thousands) Jun, 2025 Jun, 2024 Jun, 2023 Jun, 2022 Jun, 2021
Operating Cash Flow 0 0 0 0 0
Operating Cash Flow Growth unch unch unch unch unch
Net Cash Flow 339,186 360,200 -522,980 416,721 -211,894
Change in Net Cash Flow -5.83% +168.87% -225.50% +296.66% -668.80%
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