Sydney, February 26, 2026, 18:15 (AEDT) — Market closed.
- Evolution Mining shares closed up 1.1% at A$16.40.
- The miner’s next dividend milestone is the March 3 ex-dividend date.
- A firmer Australian dollar and a record ASX 200 close are in focus into the next session.
Evolution Mining Ltd shares closed up 1.1% at A$16.40 on Thursday, pushing back toward the year’s highs after a volatile week for the stock. The gold miner is up about 29% so far this year and more than 160% over the past 12 months, data sourced by Morningstar showed. (Intelligent Investor)
That pace matters now because the stock has started to trade like a momentum name, not a sleepy bullion proxy. Any wobble in gold prices or the currency can show up fast in the share price when it is this extended.
Investors are also lining up the next near-term calendar item: Evolution’s shares go ex-dividend next week, a point when buyers after that date no longer qualify for the payout. In Australia, the “fully franked” label can add to demand because it means the dividend carries tax credits for local investors.
The broader tape stayed supportive. The S&P/ASX 200 closed about 0.5% higher at a record, helped by gains in heavyweight miners and technology shares, while gold stocks were mostly a drag on the index. (Trading Economics)
Evolution’s last major update came on Feb. 11, when it reported a record statutory net profit of A$767 million for the six months ended Dec. 31 and declared an interim dividend of 20 Australian cents per share, fully franked. Chief executive Lawrie Conway said the result showed “operating discipline” and an ability to “capture the upside” in a favourable metal-price environment. (ASX Announcements)
Moves in the gold space were not uniform. Northern Star Resources, another major ASX-listed producer, was down around 2.6% at the time of the latest data, underlining how stock-specific flows have been running through the sector. (Intelligent Investor)
Currency is the other swing factor. The Australian dollar hovered around $0.713, its highest level since August 2022, on expectations the Reserve Bank of Australia may have more tightening to do; the next week’s data slate includes manufacturing PMI and GDP figures, Trading Economics data showed. (Trading Economics)
For Evolution, the week ahead is mostly about whether the bid holds into the dividend cutoff and whether bullion keeps behaving. Traders will also keep an eye on how the stock reacts if the ASX’s record run cools.
There is a catch. A stronger Australian dollar can pinch local-dollar revenue for miners selling metal priced in U.S. dollars, and cost pressure can eat into margins even when gold prices are firm. Project execution risk is always lurking in the background for companies running multiple sites.
The company has flagged FY26 production guidance of 710,000 to 780,000 ounces of gold and 70,000 to 80,000 tonnes of copper, with an all-in sustaining cost range of A$1,640 to A$1,760 per ounce — AISC is an industry measure meant to capture ongoing costs to keep mines running. Any shift in those numbers is typically what drives the next leg in the stock.
The next clear marker is March 3, when Evolution shares trade ex-dividend for the interim payout.
