Sydney, Jan 29, 2026, 17:31 AEDT — After-hours
- Shares of Evolution Mining closed 2.4% higher at A$15.72, staying close to their 52-week peak
- The miner announced its half-year results will be released on Feb. 11, followed by a conference call
- Gold surged to a new peak, closing in on $5,600 an ounce, driving attention back to bullion-linked stocks
Evolution Mining Limited shares ended Thursday up 2.4%, closing at A$15.72, just shy of the session peak at A$15.81. Investors remained focused on the rally in bullion, gearing up for the miner’s upcoming results. (Investing)
Timing is crucial. Gold’s rally has made local producers a quick, liquid stand-in for the metal itself. The upcoming earnings reports will reveal how much of the price surge is filtering down to their cash flow and expenses.
The trade is feeling crowded as gold surged again on Thursday, with spot rising 2.6% to $5,538.69 after hitting a record high of $5,591.61, Reuters reported. Marex analyst Edward Meir cited “signs that the global trade system is splintering” as investors scrambled in. Meanwhile, IG’s Tony Sycamore cautioned that the rally’s “parabolic” shape could trigger a pullback. (Reuters)
Evolution will release its half-year financial report and Appendix 4D before markets open on Wednesday, Feb. 11. A conference call at 10:30 a.m. Sydney time will follow, featuring CEO Lawrie Conway and CFO Fran Summerhayes. The company also confirmed its FY26 guidance: 710,000 to 780,000 ounces of gold and 70,000 to 80,000 tonnes of copper. All-in sustaining costs are expected to range between A$1,640 and A$1,760 per ounce. (Company Announcements)
But a tidier gold price chart doesn’t guarantee clearer earnings. Even as U.S.-dollar gold prices climb, a stronger Australian dollar can eat into miners’ local-currency revenue—and that currency has been shifting rapidly.
The Aussie climbed to an intraday peak of $0.7050 on Thursday before slipping back to $0.7025, Reuters reported. Gold’s record streak boosted Australia’s terms of trade, pushing markets to price in a Reserve Bank of Australia rate hike next Tuesday, Feb. 3. Still, Goldman Sachs and Deutsche Bank stood out by calling for no change, the report added. (Reuters)
Traders are now focused on whether bullion can stay above the recent breakout levels as Friday’s session unfolds, or if miners will face profit-taking after a strong rally.
Feb. 11 is the key date. Investors are set to watch for signs of cost control, shifts in production momentum across the portfolio, and any tweaks to the miner’s FY26 guidance, especially with gold prices climbing.
