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2 clusters · 2 sources · 20 days · First seen · Last updated

Evolution Mining FY26 financial performance

Overview

Evolution Mining reported record profits for the 2026 financial year, primarily attributed to the expansion of its Mungari operation in Western Australia. The Mungari mill expansion was completed ahead of schedule and under budget, facilitating a production increase at that site to 186,000 ounces of gold.

Despite a slight decrease in total group gold and copper production, high commodity prices drove significant profitability. The company recorded an average gold price of $6,023 per ounce, contributing to a 59% rise in statutory profit after tax to $1.48 billion. Moving into FY27, the company is focused on integrating the acquisition of Carnaby Resources Ltd and managing potential inflationary pressures on costs.

Entities

Kolpa mine · Endeavour Silver Corp. · Vancouver · Dan Dickson · Cabin Lake project

Timeline

  1. 25 days ago

    [BUSINESS] 2 sources
    Evolution Mining reports record FY26 profits driven by Mungari expansion

    Evolution Mining achieved record FY26 profits of $1.48 billion, fueled by the Mungari expansion in Western Australia and high gold prices, despite a slight decline in total group production.

  2. about 1 month ago

    [BUSINESS] 7 sources
    Endeavour Mining reports record free cash flow and $301 million shareholder returns in H1 2026

    Eureka Metals finished its Cabin Lake exploration in BC; Endeavour Mining posted record $761 M free cash flow, $301 M shareholder returns and lower West African royalties as gold prices fell; Endeavour Silver g

Sources

australianmining.com.au · fool.com.au