Menu
Team Veye   January 12, 2026

ASX Blue chip stock, Evolution Mining on multi-year value creation momentum

Team Veye   January 12, 2026
Get your Free Report on Top 5 ASX stocks for 2026

Record FY25 underscores margin discipline and organic upside in a high price environment. 

Evolution Mining Limited (ASX: EVN

has announced its financial year 2025 results on 13 August and has delivered a record statutory net profit after tax of $926M which was up by 119% from FY24. This was driven by higher gold and copper production alongside increased metal prices.

The company has produced 751koz of gold (5% increase YoY) and 76kt of copper (12% increase YoY) and achieved an industry leading AISC of $1,572/oz for continuing operations. Gold sales averaged at $4,300/oz which included hedges, with total revenue from contracts rising 35% to $4.35B.  Operating cash flow grew to $2.29B (49% up) and Group cash flow reached $787M.
Northparkes has delivered a record gold (45koz, +137% YoY) and copper (28kt) in its first full year under Evolution ownership while Cowal underground has increased to record 330koz in between of open pit extension approvals to 2042. Mungari mill expansion is completed 9 months early and 15% under budget and will target 200kozpa. Mt Rawdon has also transitioned to stockpiles ahead of pumped hydro repurposing.

Balance sheet strength has improved with cash of $787 million (post dividends), no net debt and gearing at low levels which has enabled FY25 dividends of 20cps ($400M total, 3x FY24). The company has also released it FY26 Guidance aiming 710-780koz gold and 70-80kt copper at AISC $1,720-1,880/oz which will be fully funded via 5 year capex of $750-950Mpa.

Evolution is positioned for continued low cost growth across a Tier 1 portfolio averaging 18% ROI and 15 year reserve life (~11Moz gold) with sequenced projects like Cowal OPC, Ernest Henry extension to 2040 and Northparkes E48 SLC first production H1 FY26.

(Source: Company Announcements)

Get your FREE ASX stock report

Discover our latest ASX share ideas and ongoing insights – so you're not guessing with your money

💬

Get Your Free Report on Top 5 ASX Stocks on WhatsApp

Instant Access. No Credit Card Required.

Receive on WhatsApp

Checkout Our Recommendation for free - 7 days free trial

Start Free Trial
7‑day free trial

ASX Stock Research & Recommendations — 7‑day free trial

Independent, analyst‑driven insights.

  • Stock of the week report
  • Daily Analysis Report
  • No credit card required
General information only. Not financial advice.

Get Your FREE Report

Discover the Top ASX Stocks to Invest In 2026!

Expert Analysis of Top-Performing ASX Stocks

Market Insights and In-Depth Research

Buy, Sell, And Hold Recommendations

Almost There!

Enter your details to download the report

Success!

Preparing your download...

Disclaimer

Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.