Evolution Mining reported quarterly output of 154,000 ounces of gold and 18,000 tonnes of copper, at an all-in sustaining cost (AISC) of A$1,653 per ounce. Analyst consensus sees revenue growing 5.9% a year over the next three years, profit margins rising from 26.5% to 33.4% by around 2029, and earnings lifting from A$1.5b to A$2.2b, with the highest and lowest outlooks at A$3.1b and A$1.6b. On those 2029 earnings, the shares would trade on a P/E of 16.1x, compared with 17.3x today and 11.4x for the wider Australian metals and mining group. The consensus price target is A$13.65, versus a share price of A$12.55 in late October 2026, a gap of 8.1%. The article also flags risks around sustaining capital, power reliability at Mungari and Red Lake, and labour turnover in underground roles.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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