EVN 0.77% $3.95 evolution mining limited

Hey folks - while it is great to see the recovery and upward...

  1. 537 Posts.
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    Hey folks - while it is great to see the recovery and upward trend in the EVN SP, I don't forget that the SP was at the same level in mid-Jan 2024 before the disaster that was the capital raise. On 15/1/24 just before the CR was 'dropped' on the market, the EVN SP was $3.88, with USD POG at $2,054 and AUD POG at $3,083 on the same day. We are now at the 'same EVN SP' while the USD POG is up 13.4% at $2,329 and the AUD POG is up 14.9% at $3,541 today. I am very keen to hear at the Quarterly Update on 17/4/24 how EVN is addressing the underlying performance issues that have seen the SP depressed for some time now. One can only imagine where the EVN SP 'could be' at these current gold prices if their operational and cost problems (Red Lake, Rawdon, Corp OH) were being effectively addressed. No high fives, attaboys and big incentive payments just because the POG is on the move - let's first see EVN take full advantage of this situation by delivering ounces and controlling costs. The COO is gone, which is a positive IMO, (and a few other EVN relics going would be a good move as well), but what is changing as a result? Very keen to hear about the plan! what.png
 
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Last trade - 16.10pm 02/05/2024 (20 minute delay) ?
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$3.96
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