Sydney, Feb 20, 2026, 17:43 AEDT — Trading after the bell.
- EVN ended the session 0.7% higher at A$15.05, having moved between A$14.90 and A$15.36.
- Chair Jacob Klein reported selling 3.25 million shares, fetching an average price of A$15.7587 apiece.
- Gold hovered close to $5,000/oz, yet looked set for a weekly decline with the dollar strengthening ahead of U.S. inflation data.
Evolution Mining Ltd shares finished Friday up 0.7% at A$15.05, eking out a small gain as a new director dealing disclosure landed. (Investing.com)
Chair Jacob Klein offloaded 3.25 million fully paid ordinary shares between Feb. 12 and Feb. 17, averaging A$15.7587 per share, according to a filing. After the sales, Klein remained with 7.75 million shares and 1.56 million performance rights, the notice said. (Company Announcements)
The disclosure follows a strong rally for Australian gold stocks. Earlier this month, Evolution posted record half-year profit, announcing a fully franked interim dividend of 20 Australian cents—backed by tax credits. Chief executive Lawrie Conway called the payout “meets our commitment to reward shareholders.” Evolution will trade ex-dividend on March 3, with payment set for April 2. (Company Announcements)
Gold hovered just below $5,000 an ounce on Friday, holding steady but on track for a weekly drop as the U.S. dollar climbed to its highest level in nearly a month and traders looked ahead to PCE inflation data out of the U.S. “We’ve seen the dollar picking up from its lows and that led to a bit of a pressure in precious metals,” said Brian Lan, managing director at GoldSilver Central. Still, he noted that gold’s resilience points to “a lot of buying in lower levels for gold.” (Reuters)
Evolution’s position looks tricky here. Bullion prices have retreated from their peaks, yet now there’s a cash return angle—and that usually attracts fast-moving capital.
Director sales don’t necessarily reflect a shift in fundamentals. Still, when a stock’s been climbing and the sector’s riding macro trends, these moves can alter sentiment.
If U.S. inflation comes in strong and traders delay bets on rate cuts, the dollar likely holds up, putting more pressure on gold. That’s usually bad news for miners—cash flow or not, they tend to feel it fast.
As Monday gets underway, focus will probably land on initial U.S. data and how gold or the dollar react, not so much on individual company news.
