SYDNEY, Jan 25, 2026, 17:29 AEDT — Market closed
- Shares of Evolution Mining closed Friday at A$14.86, marking a 5.3% gain for the session
- Gold stocks drove gains, buoyed by bullion hovering close to record highs
- Investors are focused on Tuesday’s reopening and Evolution’s upcoming results update in February
Evolution Mining Limited (ASX:EVN) shares ended Friday at A$14.86, rising 5.32% for the day and 13.26% over the last five sessions. Volume was strong, with around 7.43 million shares changing hands. The stock closed above the average analyst target tracked by MarketScreener. 1
The local cash market remains closed Sunday and will also be shut Monday for the Australia Day public holiday, extending the break until the following session. The ASX calendar marks Jan. 26 as an “ASX closed” day. 2
Gold set the stage. Evolution’s website listed gold around US$4,988 an ounce on Sunday, ahead of its FY26 half-year results scheduled for Feb. 11. 3
Gold stocks climbed broadly on Friday, buoyed by bullion hitting new all-time highs, MarketIndex reported. By 10:22 a.m. Sydney time, Evolution surged 6.56% to A$15.04. Regis Resources, Ramelius Resources, and Bellevue Gold also pushed higher. 4
Evolution wrapped up the session just under its intraday high, fluctuating between A$14.83 and A$15.29, with 7.43 million shares changing hands, according to Investing.com data. Friday’s close stood at A$14.11, up from the previous day. 5
Evolution’s quarterly report on Jan. 21 showed operating mine cash flow hitting a record A$1.1 billion and net mine cash flow at A$727 million. The company produced 191,000 ounces of gold and 18,000 tonnes of copper during the period. Cash climbed to A$967 million, with gearing — measured as net debt to capital — improving to 6%. The all-in sustaining cost (AISC) was A$1,275 per ounce, and the full-year AISC guidance was tightened to a range of A$1,640 to A$1,760. Managing Director Lawrie Conway said: “Delivering to plan in a rising metal price environment with minimal hedging has generated record cash flow.” The company also noted it will review studies at Northparkes and Ernest Henry in the March quarter. 6
But the update also flagged a weather event at Ernest Henry in Queensland, which caused a temporary halt after roughly 300 mm of rain fell within 24 hours, flooding sections of the underground mine. Evolution maintained its FY26 guidance at 710,000-780,000 ounces of gold and 70,000-80,000 tonnes of copper. However, the company warned this could cut 7,000-8,000 ounces of gold and 4,000-5,000 tonnes of copper, nudging copper production toward the lower end of the range. 7
Gold miners can adjust prices swiftly when bullion slips or the Australian dollar strengthens, with EVN often tracking the metal. Following a solid week, some investors might take profits as trading resumes Tuesday.
