Evolution Mining shares hit record high as H1 profits double

Shares in Evolution Mining (ASX:EVN) climbed as much as 7.1% to a 52-week high of $16.06 on Feb. 11, after the gold miner reported that its half-year statutory net profit more than doubled to $766.6 million.

The result was fueled by a "perfect storm" of surging commodity prices and disciplined cost management.

The company revealed a 110% increase in bottom-line profit for the six months ended Dec. 31, 2025.

The growth was underpinned by a 48% jump in the achieved gold price to $5,726 per ounce and a 24% rise in copper prices.

Operational efficiency also played a key role, with all-in sustained costs falling 4% despite inflationary pressures elsewhere in the sector.

Managing Director Lawrie Conway attributed the record performance to "operating discipline" and the ability to capture value in a high-price environment.

The board rewarded shareholders with a record 20-cent interim dividend, significantly higher than the 7 cents paid a year ago.

Simultaneously, Evolution announced a strategic $120 million funding agreement with Triple Flag to unlock gold-rich deposits at the Northparkes mine.