Updates
** Evolution Mining EVN.AX falls 0.3%
** Co reports FY25 total gold production of 750.5 KOZ, in line with Visible Alpha consensus
** Jefferies cuts PT on gold miner to A$6.50 from A$6.70; reiterates "underperform"
** Says, falling production profile, heavy capex profile in FY26-FY30 weigh on shareholder returns
** Sees FY26 capex of A$909 mln ($589.4 mln), towards top end of Evolution's guidance range of A$780 mln-A$980 mln
** Bell Potter trims PT to A$7.95 from A$8.1, retains "hold"
** Lowers EPS estimates by 16%, 13% and 14% for FY25, FY26 and FY27, respectively, on the back of increasing capex forecasts, lower production outlook
** EVN gains ~56% YTD
($1 = A$1.5423)
(Reporting by Jasmeen Ara Shaikh and Nikita Maria Jino in Bengaluru)
((JasmeenAraIslam.Shaikh@thomsonreuters.com;))
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