A record financial performance in the first half of the 2024–25 financial year (FY25) has driven a 250 per cent dividend increase for Evolution Mining.
The company remains on track to deliver FY25 production guidance of 710,000–780,000 ounces of gold and 70,000–80,000 tonnes of copper.
Statutory net profit was up 277 per cent to $365 million, while record underlying net profit hit $385 million, up 144 per cent.
“We have seen the benefits of the foundations laid during FY24 resulting in consistent and reliable delivery in FY25, with record breaking financial results and significant cash flow generation achieved in the first half,” Evolution managing director and chief executive officer Lawrie Conway said.
“It is very satisfying to finish the first half on plan supported by an improved safety performance.”
Evolution recorded a drop in total recordable injury frequency by 39 per cent to 5.44.
“With spot prices well above the achieved prices in the first half and the business well placed to deliver on FY25 guidance, we are on track to generate over $2 billion of operating cash flow for the year, which will continue to see improved returns to our shareholders,” Conway said.
“I wish to thank all of our people and stakeholders for their outstanding effort and contribution in delivering this record breaking result.”
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