SYDNEY, June 27, 2026, 09:02 (AEST)
- EVN finished Friday at A$12.23, up 2.95% on the day. Shares still dropped 2.47% for the week.
- The ASX 200 gained 0.18% on Friday but ended the week down 0.7%.
- Gold bounced back Friday. Evolution faces its next big test with the June-quarter numbers due July 15.
Evolution Mining Limited ASX:EVN heads into the last two ASX sessions of FY2026 after Sydney’s cash trade closed for the weekend. Shares finished Friday at A$12.23, rising 2.95% on the day but still 2.47% lower from last Friday. EVN shares moved between A$13.06 on Monday and A$11.71 Thursday, a swing of about 10.8% from last Friday’s close. According to the same price table, the stock is down 2.7% for calendar 2026, up 54.2% over FY2026, and up 162.5% since 2025. Intelligent Investor
S&P/ASX 200 edges higher but posts weekly loss (ASX: XJO)
The S&P/ASX 200 closed up 15.5 points, or 0.18%, at 8,764.2 on Friday, helped by a rebound in precious metals. But the index ended the week down 0.7%. According to Morningstar/AAP, the top 10 ASX 200 gainers on Friday were all gold miners. Chris Strazzeri, dealing manager at Moomoo ANZ, said commodities had a “brighter backdrop”. Morningstar
Bullion gave markets a lift, but risks stayed. Spot gold gained 1.3% to US$4,077.64 an ounce on Friday, while U.S. August gold futures ended 1.2% higher at US$4,096.30. Despite the bounce, spot gold dropped 2.1% for the week, on track for a fourth straight weekly decline. Jim Wyckoff, market analyst at American Gold Exchange, told Reuters the move was a “modest rebound” after earlier losses. Reuters
Evolution’s investor site listed delayed gold at US$4,072 an ounce and A$5,902 an ounce, with copper at US$13,462 per tonne and A$19,513 per tonne. The page also shows June-quarter results are due July 15, and full-year FY2026 numbers on August 19. So that’s a week marked on the calendar for volatile price moves. Evolution Mining
July is key because of the March-quarter split. Evolution turned out 170,000 ounces of gold and 11,000 tonnes of copper at an all-in sustaining cost of A$2,220 per ounce. Group operating mine cash flow stood at A$769 million and net mine cash flow was A$486 million. Managing director and CEO Lawrie Conway said “Ernest Henry is now back to normal operations,” adding that “mine cash flows are on track to lift significantly” in the June quarter. Investing
Copper is tricky to forecast. March-quarter costs rose as Ernest Henry delivered lower copper by-product credits, and if copper stays weak or output falls short, that could offset gains from strong gold prices. If production bounces back at Ernest Henry, EVN could still post cash flow, even with gold weaker in June.
Evolution ended Friday with a market cap of A$24.84 billion and traded on a price-to-earnings ratio of 18.53, according to Google Finance. Shares were down 31% from the 52-week high of A$17.75 but up 76% over the 52-week low of A$6.96. Google
The company calendar shows the next result landing July 15. That will be a check on whether March’s cost jump was just about weather and maintenance, or points to a bigger margin change.
