Sydney, Feb 27, 2026, 18:19 AEDT — Market closed.
- Evolution Mining shares last traded at A$16.58, up 1.1%, after touching A$16.99.
- Gold held near $5,192/oz as lower U.S. yields supported bullion-linked names.
- EVN is set to go ex-dividend on March 3 for a 20-cent interim payout.
Evolution Mining Ltd shares ended the week higher on Friday, moving with a firmer tone in gold miners as bullion sat near recent highs. The stock last traded at A$16.58, up 1.1%, after earlier touching A$16.99. 1
Gold was broadly steady on Friday at about $5,192 an ounce, as a fall in U.S. Treasury yields eased the opportunity cost of holding the non-interest-bearing metal. “have plummeted and that actually is currently a supporting factor, allowing gold to hold steady,” said Kelvin Wong, a senior market analyst at OANDA. 2
That matters now because Evolution’s cash flow tends to track bullion, and the gold trade is still doing a lot of the talking in Australian resources. At midday, the All Ordinaries Gold Index was up 3% after the gold price rose about 0.4% overnight, with Capricorn Metals and Perseus Mining among the stronger gainers, MarketIndex data showed. 3
With the market shut, attention turns to the next set of calendar markers rather than a fresh company update. MarketIndex’s company calendar shows EVN will trade ex-dividend on March 3 and pay a A$0.20 interim dividend on April 2, while its next quarterly report is due April 14. 4
Evolution on Feb. 11 reported a record statutory net profit of A$767 million for the six months ended Dec. 31 and declared a 20-cent interim dividend, fully franked — meaning it comes with Australian tax credits. “We delivered record financial performance, robust and reliable cash flows,” managing director Lawrie Conway said in the statement; the dividend reinvestment plan pricing window runs March 5–11 with no discount. The miner reiterated FY26 output guidance of 710,000 to 780,000 ounces of gold and an all-in sustaining cost range of A$1,640 to A$1,760 an ounce — a cost yardstick that rolls operating and sustaining spend into a per-ounce figure. 5
But the set-up can flip quickly. A bounce in yields or a firmer U.S. dollar can push gold off its perch, and miners tend to give back ground fast when the metal turns.
The stock is up about 30% so far this year and has traded as high as A$16.99 in that period, based on Morningstar-compiled data. That leaves less room for an operational stumble — costs, grades, weather, the usual mining list. 6
The next test is immediate: Monday is the last day to buy the shares to receive the interim dividend before the March 3 ex-dividend date. After that, the market’s eyes shift to the April 14 quarterly update and whether high gold prices keep translating into strong cash generation.
