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Evolution Mining Ltd (EVN) $3.47

Gold and copper miner EVN popped +5.7% on Thursday, making it the 9th best performer on the ASX200. We continue to see value in EVN, and with gold making new all-time highs and copper starting to climb, we can see EVN testing $4 in the coming months, or 15% higher, as it puts its recent capital raise and production miss into the rearview mirror.

  • No change; We remain bullish on gold and copper through 2024/5; hence, we see no reason to reduce our EVN position—MM owns EVN in our Active Growth Portfolio.
MM is long and bullish EVN
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Evolution Mining Ltd (EVN)
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