Board Change • May 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Fiona Hick was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 20
Evolution Mining Limited to Report First Half, 2026 Results on Apr 15, 2026 Evolution Mining Limited announced that they will report first half, 2026 results on Apr 15, 2026 Tillkännagivande • Feb 11
Evolution Mining Limited Announces Ordinary Dividend for the Six Months Period Ended December 31, 2025, Payable on April 02, 2026 Evolution Mining Limited announced the ordinary dividend of AUD 0.20000000 per share for the six months period ended December 31, 2025, payable on April 02, 2026. Record Date is on March 04, 2026 with Ex Date on March 03, 2026. Is the ordinary dividend/distribution fully franked: Yes. Tillkännagivande • Sep 15
Evolution Mining Limited, Annual General Meeting, Nov 20, 2025 Evolution Mining Limited, Annual General Meeting, Nov 20, 2025. Recent Insider Transactions • Aug 19
Non-Executive Chairman recently sold €20m worth of stock On the 15th of August, Jacob Klein sold around 5m shares on-market at roughly €4.43 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jacob has been a net seller over the last 12 months, reducing personal holdings by €23m. Declared Dividend • Aug 18
Final dividend of AU$0.13 announced Shareholders will receive a dividend of AU$0.13. Ex-date: 3rd September 2025 Payment date: 3rd October 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 6.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Aug 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Fiona Hick was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 26
Suitors Reportedly Consider to Buy Bellevue Gold Evolution Mining Limited (ASX:EVN), Northern Star Resources Limited (ASX:NST) and Regis Resources Limited (ASX:RRL) are three of the groups believed to be in a data room considering a deal to buy Bellevue Gold Limited (ASX:BGL), sources say. Exactly how serious the parties are remains to be seen, with sources suggesting most would look at the business to assess what was on offer as an educational -exercise at the very least. However, of those, Northern Star was thought to be the most likely buyer. Offshore groups were also taking a look. Given that Bellevue Gold was out of the money on its hedge book, it made a deal difficult to stack up, market experts say. Already, Bellevue, advised by UBS, has said it has had informal approaches, and rather than running a formal sale process, it is offering certain parties access to a data room. The $1 billion gold company that has the Bellevue Gold Project in Western Australia is considering a sale after downgrading its production guidance, closing out part of its goldmining hedge book, raising equity and flagging changes to the group's board and executive team. Australian peers are now interested in buying Bellevue to secure more production at a time when gold's price increases show no sign of abating, rather than for synergies. The management of Regis Resources is conservative and is bidding for the EMR Capital-backed Ravenswood goldmine near-by. It would have capacity to buy one or the other, but not both. Northern Star would be one of the only Australian groups with synergies, because it could shut down the Bellevue Gold mill and feed ore into its WA Thunderbox gold facility, which is under--utilised, say experts. Northern Star's challenge is that it has just purchased De Grey Mining. Tillkännagivande • Feb 10
Regis Resources Taps Greenhill for Sale of Ravenswood Gold Mine Regis Resources Limited (ASX:RRL) has tapped investment bank Greenhill for its pursuit of the $2bn Ravenswood gold mine that is up for sale through EMR Capital Pty. Ltd. and Golden Energy and Resources Pte. Ltd. First round bids for the Queensland asset are due later this month in a contest that will see Australian miners go up against foreign suitors for one of the country's most valuable assets producing the precious metal. Other Australian miners taking a look are Evolution Mining Limited (ASX:EVN) and Gold Road Resources Limited (ASX:GOR). Sources believe overseas suitors will be most motivated to buy Ravenswood. While the US-based Greenhill has hitched its wagon to the Jim Beyer-led Regis, Deutsche Bank is also believed to be close to the action, searching for a bidder to help finance, but it is yet to commit to any one group. Tillkännagivande • Nov 25
Evolution Reportedly Plans to Sell Mungari Gold Mine Speculation is mounting that Evolution Mining Limited (ASX:EVN) could soon place its Mungari gold mine up for sale that analysts value at between $600 million and $1 billion. The understanding is that the $10 billion listed gold miner controlled by Jake Klein has had suitors interested in the West Australian asset lately, including Zijin Mining Group Company Limited (SEHK:2899), which owns the Norton Gold Fields in Kalgoorlie. Other WA gold miners would also likely be interested in the asset, and a sale by Evolution would be logical given it is the only asset it owns in the state. Tillkännagivande • Nov 22
Evolution Mining Limited to Report Q3, 2025 Results on Apr 15, 2025 Evolution Mining Limited announced that they will report Q3, 2025 results on Apr 15, 2025 Buy Or Sell Opportunity • Nov 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to €3.08. The fair value is estimated to be €2.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 6.5%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. New Risk • Oct 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Significant insider selling over the past 3 months (€2.6m sold). Buy Or Sell Opportunity • Sep 02
Now 21% undervalued Over the last 90 days, the stock has risen 6.8% to €2.51. The fair value is estimated to be €3.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 6.5%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period. Recent Insider Transactions • Aug 28
Executive Chairman recently sold €2.6m worth of stock On the 23rd of August, Jacob Klein sold around 1m shares on-market at roughly €2.59 per share. This transaction amounted to 6.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jacob has been a net seller over the last 12 months, reducing personal holdings by €4.8m. Declared Dividend • Aug 16
Final dividend of AU$0.05 announced Shareholders will receive a dividend of AU$0.05. Ex-date: 29th August 2024 Payment date: 4th October 2024 Dividend yield will be 2.6%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 15
Full year 2024 earnings released: EPS: AU$0.22 (vs AU$0.089 in FY 2023) Full year 2024 results: EPS: AU$0.22 (up from AU$0.089 in FY 2023). Revenue: AU$3.22b (up 44% from FY 2023). Net income: AU$422.3m (up 158% from FY 2023). Profit margin: 13% (up from 7.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Mar 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to €1.95. The fair value is estimated to be €2.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Tillkännagivande • Mar 19
Evolution Mining Limited, Annual General Meeting, Nov 21, 2024 Evolution Mining Limited, Annual General Meeting, Nov 21, 2024. Tillkännagivande • Feb 26
Evolution Mining Limited to Report Q4, 2024 Results on Jul 18, 2024 Evolution Mining Limited announced that they will report Q4, 2024 results on Jul 18, 2024 Upcoming Dividend • Feb 20
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 27 February 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%). Reported Earnings • Feb 16
First half 2024 earnings released: EPS: AU$0.052 (vs AU$0.055 in 1H 2023) First half 2024 results: EPS: AU$0.052 (down from AU$0.055 in 1H 2023). Revenue: AU$1.34b (up 18% from 1H 2023). Net income: AU$96.9m (down 4.0% from 1H 2023). Profit margin: 7.2% (down from 8.9% in 1H 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 16
First half dividend of AU$0.02 announced Shareholders will receive a dividend of AU$0.02. Ex-date: 27th February 2024 Payment date: 5th April 2024 Dividend yield will be 1.8%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (164% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Jan 31
Evolution Mining Limited to Report First Half, 2024 Results on Feb 14, 2024 Evolution Mining Limited announced that they will report first half, 2024 results on Feb 14, 2024 Tillkännagivande • Jan 22
Evolution Mining Limited to Report Q3, 2024 Results on Apr 17, 2024 Evolution Mining Limited announced that they will report Q3, 2024 results on Apr 17, 2024 Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €1.86, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.79 per share. Tillkännagivande • Dec 05
Evolution Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 60.000001 million. Evolution Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 60.000001 million.
Security Name: Ordinay Shares
Security Type: Common Stock
Securities Offered: 15,789,474
Price\Range: AUD 3.8 Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.15, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.96 per share. Recent Insider Transactions • Sep 01
Executive Chairman recently sold €2.2m worth of stock On the 29th of August, Jacob Klein sold around 1m shares on-market at roughly €2.15 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jacob's only on-market trade for the last 12 months. Upcoming Dividend • Aug 23
Upcoming dividend of AU$0.02 per share at 1.2% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 06 October 2023. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (8.7%). Tillkännagivande • Aug 17
Evolution Mining Limited Declares a Fully Franked Final Dividend for the Year 2023, Payable on 6 October 2023 The Directors of Evolution Mining Limited declared a fully franked final dividend of 2.0 cents per share (30 June 2022: 3.0 cents per share), an estimated aggregate payment to shareholders of $36.7 million. Dividend payable on 6 October 2023, record date of 31 August 2023 and Ex-dividend date of 30 August 2023. New Risk • Aug 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.3% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (52% net debt to equity). Profit margins are more than 30% lower than last year (7.3% net profit margin). Reported Earnings • Aug 17
Full year 2023 earnings released: EPS: AU$0.18 (vs AU$0.18 in FY 2022) Full year 2023 results: EPS: AU$0.18 (up from AU$0.18 in FY 2022). Revenue: AU$4.45b (up 116% from FY 2022). Net income: AU$327.0m (up 1.1% from FY 2022). Profit margin: 7.3% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 14% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.30, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.93 per share. Buying Opportunity • May 26
Now 23% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be €2.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has declined by 3.1%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Vicky Binns was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.2%. The fair value is estimated to be €2.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has declined by 3.1%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings is also forecast to grow by 21% per annum over the same time period. Upcoming Dividend • Feb 21
Upcoming dividend of AU$0.02 per share at 1.4% yield Eligible shareholders must have bought the stock before 28 February 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 27% and the cash payout ratio is 80%. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (8.4%). Reported Earnings • Feb 18
First half 2023 earnings released: EPS: AU$0.055 (vs AU$0.05 in 1H 2022) First half 2023 results: EPS: AU$0.055 (up from AU$0.05 in 1H 2022). Revenue: AU$1.13b (up 26% from 1H 2022). Net income: AU$100.9m (up 11% from 1H 2022). Profit margin: 8.9% (down from 10% in 1H 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 17
Evolution Mining Limited Declares Fully Franked Interim Dividend for the Half-Year Ended December 31, 2022, Payable on June 6, 2023 Evolution Mining Limited declared a fully franked interim dividend of AUD 0.02000000 per share for the half-year ended December 31, 2022. Ex-dividend date is 28 February 2023. Record date is 1 March 2023. Payment date is June 6, 2023. Tillkännagivande • Jan 30
Evolution Mining Limited to Report Q4, 2023 Results on Jul 20, 2023 Evolution Mining Limited announced that they will report Q4, 2023 results on Jul 20, 2023 Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 16% share price gain to €1.47, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total loss to shareholders of 37% over the past three years. Reported Earnings • Aug 24
Full year 2022 earnings released: EPS: AU$0.18 (vs AU$0.20 in FY 2021) Full year 2022 results: EPS: AU$0.18 (down from AU$0.20 in FY 2021). Revenue: AU$2.06b (up 11% from FY 2021). Net income: AU$323.3m (down 6.4% from FY 2021). Profit margin: 16% (down from 19% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 15%, compared to a 4.4% growth forecast for the Metals and Mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 23
Upcoming dividend of AU$0.03 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (9.6%). Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 17% share price gain to €1.83, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total loss to shareholders of 37% over the past three years. Recent Insider Transactions • Jul 03
Executive Chairman recently bought €89k worth of stock On the 30th of June, Jacob Klein bought around 50k shares on-market at roughly €1.78 per share. This was the largest purchase by an insider in the last 3 months. This was Jacob's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €1.81, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total loss to shareholders of 24% over the past three years. Upcoming Dividend • Feb 21
Upcoming dividend of AU$0.03 per share Eligible shareholders must have bought the stock before 28 February 2022. Payment date: 25 March 2022. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (7.8%). Reported Earnings • Feb 17
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.05 (down from AU$0.13 in 1H 2021). Revenue: AU$898.6m (down 8.5% from 1H 2021). Net income: AU$90.8m (down 60% from 1H 2021). Profit margin: 10% (down from 23% in 1H 2021). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 31%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €2.17, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total loss to shareholders of 7.4% over the past three years. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 15% share price gain to €2.58, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 42% over the past three years. Upcoming Dividend • Aug 23
Upcoming dividend of AU$0.05 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 28 September 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (6.8%). Reported Earnings • Aug 21
Full year 2021 earnings released: EPS AU$0.20 (vs AU$0.18 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$1.86b (down 4.0% from FY 2020). Net income: AU$345.3m (up 14% from FY 2020). Profit margin: 19% (up from 16% in FY 2020). The increase in margin was driven by lower expenses. Production and reserves: Gold Production: 680.79 troy koz (746.46 troy koz in FY 2020) Number of mines: 6 (6 in FY 2020) Copper Production: 21,361 t (22,471 t in FY 2020) Number of mines: 1 (1 in FY 2020) Silver Production: 650.27 troy koz (671.69 troy koz in FY 2020) Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorated over the past week After last week's 18% share price decline to AU$2.52, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.25 per share. 
