06/12/2024 09:04

Evolution Mining Ltd (EVN) $5.15

EVN is an ASX gold (plus 25% copper) producer that looks great. In December 2023, it acquired an 80% stake in the NSW Northparkes copper and gold mine, from China Molybdenum Co. (CMOC). Subsequently, the gold price has surged 30% higher.

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08/11/2024 09:12

Evolution Mining (EVN) $4.78

EVN followed the gold sector lower on Thursday, finishing the session down 6.5%, although much of this move is likely to be reversed this morning. Our initial target of $5.75 remains intact, helped by a ~25% exposure to Cu after the industrial metal's explosive move overnight.

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05/11/2024 09:37

Evolution Mining Ltd (EVN) $5.14

On his way to pick up his son from the bus stop yesterday, research lead Shawn heard two radio ads pushing gold sales—it's only a five-minute drive! It reminded him of taxi drivers talking about stocks back in the 80s and 90s;

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17/10/2024 09:34

Evolution Mining Ltd (EVN) $5.01

EVN surged almost 7% on Thursday, making it the best performer on the main board. It was closely followed by Regis Resources (RRL), which advanced 6.7%. EVN soared after it released solid quarterly production numbers, highlighting its continued low-cost profile and improving free cash flow—for the 1Q, their all-in-sustaining costs (AISC) were $A1,569, not bad when gold is above $A4,000

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15/10/2024 09:25

Evolution Mining Ltd (EVN) $4.70

EVN has ground higher through 2024, and it would be easy to argue its gains have been disappointing, considering gold is trading near all-time highs and copper (~25% of revenue) is enjoying a solid year – see SFR. However, we are particularly keen on how EVN  has evolved operationally over the last year, and until we believe gold is set for a 10-20% pullback, we’re unlikely to consider selling EVN.

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01/10/2024 09:25

Evolution Mining Ltd (EVN) $4.64

Evolution Mining (EVN) has followed gold prices higher in 2024, advancing over 60% from its early-year low. EVN has evolved strongly as a business in recent times, but it is highly correlated to the gold price. For example, when gold corrected ~7% in mid-2024, EVN corrected a whopping 23%.

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17/09/2024 09:13

Evolution Mining (EVN) $4.50

We trimmed our EVN position in July & August as we contemplated the risk/reward towards gold as it pushed towards fresh all-time highs. Our current discussions remind us of when Sandfire (SFR) hit our $10 target area in May; we trimmed our position in our Emerging Companies Portfolio but it’s never enough when the stock subsequently falls over 20%.

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13/09/2024 09:26

Evolution Mining Ltd (EVN) $4.04

Gold sector heavyweight Newmont Corp (NEM) finished marginally lower on Thursday, while EVN gained +2.3%. Gold stocks struggled after the US hotter-than-expected CPI dashed the hopes of all but the most dovish economists that the Fed will cut interest rates by 0.5% next week, as opposed to the highly anticipated 0.25% cut.

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20/08/2024 09:54

Active Growth Portfolio – Amendments

We are tweaking the Active Growth Portfolio today

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20/08/2024 09:27

Evolution Mining (EVN) v BHP Group (BHP)

As mentioned earlier, the position of these two very differently focused miners was the catalyst for today’s report. There are two parts to this equation, both of which we have discussed at length over recent months:

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