Evolution Mining Ltd (EVN.AU) saw its shares plummet 5.06% during intraday trading on Thursday, marking a significant decline for the Australian gold miner.

The sharp drop comes amid a broader sell-off in mining stocks, with gold prices slipping overnight as investors booked profits following a strong run earlier in the week. The resources sub-index declined 1.4% on the benchmark, paralleling falls in commodity prices including iron ore and copper due to improved supply and inventory outlooks.

Investor attention is also focused on Evolution Mining's upcoming half-year results and a closely watched Reserve Bank of Australia decision, adding to the pressure on the stock as markets reassess valuation and risk factors in the current environment.