Last A$0.78 AUD
Change Today +0.01 / 1.30%
Volume 3.3M
EVN On Other Exchanges
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As of 2:10 AM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

evolution mining ltd (EVN) Snapshot

Open
A$0.76
Previous Close
A$0.77
Day High
A$0.78
Day Low
A$0.75
52 Week High
08/26/13 - A$1.03
52 Week Low
12/4/13 - A$0.51
Market Cap
555.7M
Average Volume 10 Days
1.5M
EPS TTM
A$-0.44
Shares Outstanding
712.5M
EX-Date
03/4/14
P/E TM
--
Dividend
A$0.01
Dividend Yield
2.56%
Current Stock Chart for EVOLUTION MINING LTD (EVN)

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evolution mining ltd (EVN) Details

Evolution Mining Limited explores, produces, and sells gold in Queensland and Western Australia, Australia. It primarily holds 100% interests in the Edna May Gold Mine, the Cracow Gold Mine, the Pajingo Gold Mine, the Mt Rawdon Gold Mine, and the Mt Carlton gold, silver, and copper project. The company was formerly known as Catalpa Resources Limited and changed its name to Evolution Mining Limited in November 2011. Evolution Mining Limited is based in Sydney, Australia.

771 Employees
Last Reported Date: 08/29/13

evolution mining ltd (EVN) Top Compensated Officers

Executive Chairman and Managing Director
Total Annual Compensation: A$983.5K
Chief Operating Officer
Total Annual Compensation: A$518.5K
Chief Geologist and Vice President of Discove...
Total Annual Compensation: A$345.7K
Vice President of Information Technology & Co...
Total Annual Compensation: A$319.9K
Vice President of Business Development & Inve...
Total Annual Compensation: A$478.5K
Compensation as of Fiscal Year 2013.

evolution mining ltd (EVN) Key Developments

Evolution Mining Limited Reports Production and Cash Flow Results for the Full Year Ended June 2014; Provides Production Guidance for the Fiscal Year 2015

Evolution Mining Limited reported production and cash flow results for the full year ended June 2014. The company's mines generated $93 million of cash flow. The company spent $17 million on exploration. For the year, the company finished strongly with 111,000 ounces of gold production. The company provided production guidance for the fiscal year 2015. The company forecasting 400,000 to 440,000 ounces of production at a C1 cost of $750 to $820 per ounce. The company continues to have a very disciplined approach to allocating capital and intend to spend $55 million to $75 million on sustaining capital and $80 million to $100 million on major capital projects.

Evolution Mining Limited Completes the Annual Update to its Mineral Resource and Ore Reserve Estimates

Evolution Mining Limited advises that it has completed the annual update to its Mineral Resource and Ore Reserve estimates, current as at December 31, 2013. Group Ore Reserves are now estimated at 52 million tonnes at 1.6g/t AuEq for 2.62 million ounces gold equivalent, a decrease of approximately 0.95 million ounces compared with the estimate at December 31, 2012 of 75.9 million tonnes at 1.5g/t AuEq for 3.57 million ounces gold equivalent. The change is predominantly a result of depletion by mining and using more conservative economic parameters and modeling techniques. The main changes were at Edna May and Pajingo where the resource category of mineralisation peripheral to the main ore bodies has been downgraded pending additional drilling and geological modeling (i.e. material previously included in Indicated Resources was downgraded to Inferred and therefore did not qualify for inclusion in the Ore Reserve estimate). Current infill drilling programmers to convert Mineral Resources to Ore Reserves are focussed on increasing the confidence in each resource category by using drill spacing appropriate to the lode geometry and complexity. Evolution is confident that significant Mineral Resources and Ore Reserves will be added to the Group inventory as a result of this work. The Pajingo and Cracow underground mines have a long history of reserve replacement. Evolution remains confident in the long term future of these mines given the current Mineral Resource inventory, the nature of the geology and the historic high conversion rate of Mineral Resources to Ore Reserves. Both mines continue to maintain robust 5 year life-of-mine plans, which is typical of the way these mines have operated for many years. Group Mineral Resources are now estimated at 107 million tonnes at 1.7g/t AuEq for 5.70 million ounces gold equivalent, a decrease of approximately 1.99 million ounces compared with the estimate at 31 December 2012 of 148 million tonnes at 1.6g/t AuEq for 7.69 million ounces gold equivalent. The change is predominantly a result of depletion by mining and also a more stringent application of economic constraints appropriate to the type of individual orebody concerned. The updated Mineral Resources are now constrained by open pit or underground stope shapes (as relevant) constructed according to a long-term gold price assumption of AUD 1,800 per ounce.

Evolution Mining Limited, Q4 2014 Earnings Call, Jul 29, 2014

Evolution Mining Limited, Q4 2014 Earnings Call, Jul 29, 2014

 

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EVN

Industry Average

Valuation EVN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 0.7x
Price/Cash Flow 9.1x
TEV/Sales 0.6x
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