Evolution Mining boss Lawrie Conway says the company’s ‘committed workforce’ did a sterling job in helping the company achieve success in FY25.
Evolution Mining boss Lawrie Conway says the company’s ‘committed workforce’ did a sterling job in helping the company achieve success in FY25.
“We started the year with the goal of returning to safe, reliable, and consistent performance to achieve guidance and generate significant cash flow,” he said.
“Thanks to our committed workforce, we have done that and more, delivering $2.3 billion of operating mine cash flow and $787 million of Group cash flow.”
Overall, Evolution produced 750,512 ounces of gold during FY25 – with 330,008oz produced at its Cowal operation in New South Wales.
Earlier this year, the company forewarned shareholders that despite a fall in production during its March 2025 quarter, it was confident of reaching its 710,000-780,000oz annual gold production guidance.
Additionally, Evolution produced 76,261 tonnes of copper, boosted by consistent production at the company’s Ernest Henry operation, located 38km north-east of Cloncurry in North Queensland.
During the period, it also set a record in relation to full-year operating mine cash flow, which reached $541 million.
Looking ahead to FY26 overall, the miner said it would set a 710,000-780,000oz gold annual production target, along with a 70,000-80,000t copper marker.
In April, Evolution also commissioned its Mungari mill expansion project, with commercial production tipped to begin during the first half of FY26.
On Wednesday, it told the market that the mill has produced 620,000 tonnes of ore during the June 2025 quarter.
As of 9.08am AWST, Evolution shares were trading relatively flat at $7.72.
