The rally comes on the heels of renewed strength in prices of the yellow metal, as markets flocked to the safe-haven asset amid uncertainty surrounding US President Donald Trump’s potential tariffs.
The company reported a quarterly group gold production of 194,793 ounces, compared with 161,073 ounces a year earlier.
Evolution Mining, with operations in Canada, saw its Cowal mining operations in New South Wales supporting a huge margin of the company’s production. It logged 91,417 ounces this quarter, compared with 71,848 ounces last year.
The company’s cash flow surged 54% to A$165 million ($103.42 million), with potential for further improvement in the second half, driven by high gold prices.
The Q2 2025 results “demonstrated signs of operational stability and were positive at the margin with a second quarter of positive cash flows from Red Lake and strong production from Cowal,” analysts at…
