It is a good result but a mixed outcome on my expectations see...

It is a good result but a mixed outcome on my expectations see Post #:73721863, Post #:73646374.

Let's start with the bad and get it out of the way.
- EVN needed 244,371 oz in June QTR to make the 749koz guidance. They achieved 212,070 oz that is 32,301oz short. Still that is a substantial quarterly improvement from March QTR of 14.47%. This makes 716,700 ounces for the year. Personally I had 725koz a substantial discount to the 749koz guidance. Unfortunately my discounted 725koz did not get achieved either.

EVN needs to get guidance ounces in check. No point putting a target up there and not hitting it. Lets see if these 3 newbies sort this guidance mess out. This needs to be priority one. EVN needs to deliver on its promises.
- Matthew (Matt) O’Neill Chief Operating Officer
- Nancy Guay commenced as Chief Technical Officer accountable for
- Fiona Hick Non-Executive Director of the Company and member of the Risk and Sustainability Committee. (I know this one is a bit of a ball breaker from my FMG holding. In doing so she delivered on the problematic Iron Bridge asset. Hopefully she can do the same on RL.)


Now for the good. Everything else looks good
- All-in Sustaining Cost (AISC) is fantastic here. True to form EVN is a margins over ounces gold miner. That has always been its MO.
- June net mine cash flow up 74% to $242 million. This is way above my expectations and will go a long way in repairing the balance sheet.


- Copper was and still is a great move. Fantastically consistent.


Finally for me, the following still holds through. per Post #:73721863, Post #:73646374.. We got there not in ounces but on the back of a positive gold price and AISC reduction.


If EVN keeps this up then FY25 is going to be amazing.