Financial Wire

Evolution Mining Posts Lower March Quarter Gold Production; Shares Up 8%

-- Evolution Mining (ASX:EVN) reported group production of 170,137 ounces of gold for the March quarter, according to a Wednesday Australian bourse filing.

Group production was 179,778 ounces of gold in the three months ended March 31, 2025, an earlier filing showed.

The group produced 158,370 ounces of silver and 10,768 tonnes of copper, compared with 205,667 ounces of silver and 19,450 tonnes of copper a year earlier.

Meanwhile, the company sold 163,691 ounces of gold and 141,400 ounces of silver during the quarter at achieved prices of AU$6,794 and AU$137 per ounce, respectively, down from 185,614 ounces of gold and 200,463 ounces of silver a year earlier.

Copper sales were 7,971 tonnes at an achieved price of AU$18,810 per tonne, compared with 18,520 tonnes a year earlier.

The company said it is on track to deliver fiscal 2026 gold production below its original cost guidance, with the March quarter all-in sustaining cost at AU$2,220 per ounce.

The company's shares rose around 8% in recent Wednesday trade.

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