Australia's Evolution Mining advances on lifting gold resource reserve outlook

Evolution Mining

01/05/2026 02:23

** Shares of Evolution Mining EVN.AX jump as much as 4.5% to A$12.44, their strongest intraday rise since April 15

** The miner lifts group gold resources to 31 million ounces, underscoring a long-life, high-quality portfolio, with expansion studies adding upside and scope to grow copper beyond 4.2 million metric tons as exploration intensifies at Ernest Henry and Northparkes mines

** Adds that rising resources and reserves at Cowal project strengthen confidence in mineable inventory

** Despite the rise, Evolution stock still in on track to book a 4.9% decline over the week.

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))