Sydney, Feb 23, 2026, 17:32 AEDT — After-hours
- Evolution Mining finished 2.1% higher at A$15.37, as gold miners logged gains across the board.
- Gold climbed to its highest level in over three weeks after turmoil around U.S. tariffs drove investors into safe-haven assets.
- Traders are eyeing overnight bullion swings, with EVN’s ex-dividend date coming up on March 3.
Shares of Evolution Mining Limited (ASX:EVN) finished up 2.1% at A$15.37 on Monday, tracking gains in bullion as investors picked up gold-exposed names despite weakness elsewhere in the market. (Investing)
Gold jumped to its highest level in over three weeks after the U.S. Supreme Court tossed out a sweeping tariff package, weighing on the dollar and driving investors toward safe havens. Spot gold gained 1.1%, trading at $5,161.64 an ounce. “Whether gold can claw its way back above $5,400 in the near-term may rest on how long tariff uncertainty lingers,” said Tim Waterer, chief analyst at KCM. (Reuters)
Tariff shocks swept through Asian markets, sent Wall Street futures tumbling, and weighed on the dollar, as investors scrambled to rethink prospects for trade and economic growth. “The tariff landscape is now more uncertain than before, uncertainty is not good news for any economy or market,” said Rodrigo Catril, senior FX strategist at NAB. (Reuters)
Australian gold miners outpaced the broader market by midday, sending the All Ordinaries Gold Index up 2.6% to levels not seen in almost two weeks. Ramelius Resources surged 4.7%. Northern Star Resources and Regis Resources each tacked on roughly 2%, according to Market Index data. (Market Index)
For local investors wanting bullion exposure, Evolution has typically offered a straightforward play. Monday brought more of the same—gold rallied, mining shares climbed, and volatility swung higher.
The last big news from the company dropped on Feb. 11: it posted a record statutory net profit of A$767 million for the half-year to Dec. 31 and announced a fully franked interim dividend of 20 Australian cents a share. “Our half-year result reflects the strength of our operating discipline and our ability to capture the upside in a favourable metal price environment,” chief executive Lawrie Conway said. (ASX Announcements)
All-in sustaining cost, or AISC, folds together operating expenses and sustaining capital into a per-ounce metric — a crucial number for traders tracking how miners pursue price gains while keeping a lid on expenses. Fully franked dividends, meanwhile, come with Australian company tax credits for domestic investors.
EVN’s interim dividend is set to go ex-dividend on March 3. Books shut on March 4, with payment scheduled for April 2. The company’s next quarterly report is slated for April 14. (Market Index)
The dynamic works in reverse, too. Should tariff chatter quiet down and the rush to safe havens subside, gold could sell off quickly—and mining stocks tend to overreact. An uptick in the Australian dollar hurts as well: operating costs stay local, but miners’ revenue is pegged to U.S. dollar prices.
