Sydney, Feb 15, 2026, 17:38 AEDT — Market closed.
- EVN ended Friday down nearly 4% after a sharp midweek jump.
- Gold rose on softer U.S. inflation data, setting up a busy lead-in to Monday’s ASX open.
- Investors are watching EVN’s March 3 ex-dividend date and the pace of spending at Northparkes.
Evolution Mining Ltd shares closed on Friday at A$15.44, down 3.68%, after surging 8.68% earlier in the week and briefly touching A$16.30, data showed. (Investing)
With the ASX shut for the weekend, the next cue for gold miners will likely come from bullion and U.S. rates. Spot gold jumped 2.1% on Friday to $5,022.06 an ounce after a mild U.S. inflation print revived rate-cut bets; independent metals trader Tai Wong called it “a relief rally.” (Reuters)
For Evolution, the next date on plenty of screens is the dividend. The miner reported a record A$767 million statutory half-year profit and declared a fully franked (with Australian tax credits) interim dividend of 20 Australian cents a share, with the stock set to trade ex-dividend on March 3 and the payout due April 2. Chief executive Lawrie Conway said the company aims to “capture the upside” in a strong metal-price backdrop. (ASX Announcements)
The broader market was already on the back foot. The S&P/ASX 200 slid 1.4% on Friday to 8,917 points, with tech among the heaviest drags, according to an ABC market wrap. (ABC News)
Evolution also pushed fresh detail on Northparkes. It said it agreed an amended metal “stream” deal — an upfront cash payment in exchange for a slice of future metal output at preset terms — with Triple Flag that includes a A$120 million refundable deposit payable on Dec. 15, 2026 and cuts the stream over the gold-rich E44 deposit to 25% of payable gold from 67.5%. Triple Flag CEO Sheldon Vanderkooy said the additional funding was tied to “guaranteed minimum” deliveries. (Company Announcements)
In a separate release, Evolution said its board approved a new round of growth projects, including the E22 block cave at Northparkes with A$545 million of capital, plus spending on processing and study work at Northparkes and development at Ernest Henry. It also flagged deals tied to expanding its exploration footprint in Canada. (Company Announcements)
Peers were weak into the close. Northern Star Resources ended Friday down 3.47% at A$28.37, Reuters data showed. (Reuters)
The near-term set-up is messy. Evolution has a dividend catalyst coming up, but bullion has also been moving in big ranges and broader risk appetite has not been steady.
The risk for EVN holders is straightforward: if gold slips back or yields reset higher, miners can give ground fast. On the company side, investors will be watching whether capex and project timelines at Northparkes and elsewhere stay tight as plans move from board slides to real spend.
When trade resumes, EVN will be watched for whether it stabilises after Friday’s drop — and for how much of the next move is driven by gold versus dividend positioning ahead of the March 3 ex-dividend date.
