BUZZ-Australia's Evolution Mining rises on record half-yearly profit

Reuters
02-12
BUZZ-Australia's Evolution Mining rises on record half-yearly profit

** Shares of Evolution Mining EVN.AX rise 1.8% to A$6.330

** Gold miner reports record statutory NPAT of A$365 million ($229.73 million) for first half, a four-fold rise vs last year and 16% ahead on consensus estimates

** EVN declares a dividend of 7 Australian cents per share, up 250% from last year

** Says it is on track to deliver FY25 production forecast of 710,000 to 780,000 ounces of gold

** Stock among the few gainers on gold sub-index .AXGD, which is down 0.7%

** Stock up about 31% YTD, including current session's moves

($1 = 1.5888 Australian dollars)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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