Gold Price Surge Drives Evolution Mining's Record Earnings

Evolution Mining (ASX:EVN) reported record earnings for FY2026, driven by higher gold prices and expanded margins.

The company's statutory net profit after tax rose 59% to A$1,475 million, while underlying net profit increased 63% to A$1,563 million. Underlying EBITDA jumped 44% to A$3,171 million.

Earnings growth was achieved despite lower gold production of 715,000 ounces, a 5% decline from the previous year. Copper production fell 14% to 66,000 tonnes.