ASX:EVNMetals and Mining
Why Evolution Mining (ASX:EVN) Is Down 10.8% After Macro Jitters Hit Gold Miners
In recent days, Evolution Mining has faced heavy selling alongside other ASX-listed gold miners, as investors reacted to rising oil prices, shifting interest rate expectations, and geopolitical disruptions affecting the global gold trade, despite the company having previously reported record half-year earnings and approved new capital investments at Northparkes and Ernest Henry.
At the same time, director Andrea Hall’s modest on-market share sale and prior technical indicators of strong...