Disclaimer

Please note that you are now entering a website directly or indirectly maintained by a third party (the “External Site”) and that you do so at your own risk. Evolution Mining LTD., (“EVN”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only. By clicking “Accept” you acknowledge and agree that neither EVN nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against EVN and Virtua and further acknowledge and agree that in no event shall EVN or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to this disclaimer or the External Site By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if EVN and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s). If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect. Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-IFRS Information

In addition to disclosing results determined in accordance with IFRS, EVN may also disclose certain non-IFRS and pro forma non-IFRS results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-IFRS and pro forma non-IFRS information provides investors with additional information to assess EVN operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. Management uses this non-IFRS and pro forma non-IFRS information, along with IFRS information, in evaluating its historical operating performance. EVN and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data. The non-IFRS information is not prepared in accordance with IFRS and may not be comparable to non-IFRS information used by other companies. The non-IFRS information should not be viewed as a substitute for, or superior to, other data prepared in accordance with IFRS.

About us

Evolution Mining is a leading, globally relevant gold mining company formed in November 2011, with more recent additional exposure to copper. Headquartered in Sydney, New South Wales, Evolution is listed on the Australian Securities Exchange (ASX:EVN).

Our vision

Inspired people creating a premier global gold company.

Our PURPOSE

To deliver long-term stakeholder value through low-cost production in a safe, environmentally and socially responsible way.

Our values

Our values guide every decision we make, the way we behave and treat one another every day:

SAFETY

Think before we act, every job, every day

Excellence

We take pride in our work, deliver our best and always strive to improve

Accountability

It is my responsibility, I own it – good or bad

Respect

We trust each other, act honestly and consider each other’s opinions

Our strategy

To create a business that prospers through the cycle, we:

Integrate sustainability into everything we do

Drive a high-performing culture with values and reputation as non-negotiables

Take appropriate geological, operational and financial risks

Build a portfolio of up to 8 assets in Tier 1 jurisdictions generating superior returns

Have financial discipline centred around margin and appropriate capital returns

FY25 highlights

We produced 750,512 ounces of gold at an All-in sustaining cost (AISC) of $1,572 per ounce, and 76,261 tonnes of copper.

Gold production

751koz

Copper production

76kt

Operating mine cash flow

$2.3B

Group cash flow

$787M

All-in sustaining cost (AISC)1

$1,572/oz

Underlying profit after tax

$958M

EBITDA

~$2.2B

Full-year dividend

20c/share

Minerals Resources December 2024 – contained gold2

30Moz

Mineral Resources December 2024 – contained copper2

4.4Mt

improvement in TRIF during the year to 4.983

35%

Ore Reserves December 2024 – contained copper

1.4Mt

  1. AISC calculated for continuing operations excluding Mt Rawdon, which ceased mining operations in FY25. AISC includes C1 cash cost, plus royalties, sustaining capital, general corporate and administration expense, calculated per ounce sold. In line with World Gold Council guidelines. AISC is non-IFRS financial information and not subject to audit.
  2. As at 31 December 2024 and compared to the 31 December 2023 estimates. See the Mineral Resources and Ore Reserves section of this Report for further information.
  3. Total recordable injury frequency (TRIF): The frequency of total recordable injuries per million hours worked. Financial year results are based on 12-month moving average as at 30 June each year.

 

How we create value

Our value map shows the range of resources and relationships we rely on to create sustainable value for our stakeholders now and in the future.

Click on an input to learn more.

Input

Mineral resources

We discover, mine and process gold and copper from our long-life assets and exploration projects in Tier 1 jurisdictions

Natural resources

We use natural resources responsibly and perform our work with care

People

Inspired people creating a premier global gold company

5,671 total workforce (employees and contractors) in FY25

Communities and partners

Strong and lasting relationships with our stakeholders build trust and our social licence to operate

Financial resources

Financial discipline centred around margin and appropriate capital returns

Process

Outputs

Production

  • 751koz gold produced, 5% year-on-year increase
  • 76kt copper produces, 12% year-on-year increase

Growth

  • Cowal Open Pit Continuation project secured regulatory and Board approval
  • Mungari mill expansion completed ahead of schedule and under budget

Environment

  • ~17% reduction in Scope 1 and 2 emissions compared to FY20 baseline8
  • Improved freshwater use intensity by ~28% compared to the FY20 baseline
  • Managed 1,025 hectares (ha) of rehabilitated lan

People

  • 89% retention
  • 21% female representation amongst employees
  • 4.98 TRIF – 35% improvement compared to FY24 performance

Communities

  • $505 million contribution to local and regional businesses including $455 million in direct spend with local organisations
  • $5.3 million in direct community investment

Government

  • $262 million in taxes and royalties paid to the Australian and Canadian governments

Shareholders

  • $260 million in declared dividends

Outcomes

Economic

  • Robust financial performance enables long-term financial stability, ability to invest in organic growth and deliver shareholder returns
  • Contributing to regional prosperity through local procurement and employment

Social

  • Fostering a safe, respectful, inclusive and diverse workplace and encouraging our people to act like owners enhances engagement and drives stronger company performance
  • Making Evolution a career highlight for our people
  • Partnering with communities to provide benefits that endure beyond the life of our mines

Environmental

  • Progressing toward net zero8 by 2050
  • Lower emissions intensity per tonne of ore processed

Our awards

We were recognised as an AAGE Top Graduate Employer in 2024, which is an acknowledgement of graduate feedback on their experiences.

Our GOLD Leadership Program won a Silver Award in the Leadership Development category for the ‘Best Unique or Innovative Leadership Program’.

We were recognised by the region’s leading reporting awards with a Gold Award for our FY24 Annual Report and a Silver Award for our FY24 Sustainability Report.

We have been a bronze partner of Sustainability Advantage, a program of the NSW Department of Climate Change, Energy, the Environment and Water, since December 2022.

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