We should expect gold producers to announce record financials and it is what we got from Evolution Mining (EVN) this morning - a good long term risk hedge while also paying dividends.
Record cash generation ▪
* Record mine operating cash flow of A$278.7 million – 30% increase on prior quarter
▪ Record net mine cash flow of A$207.4 million – 36% increase on prior quarter
▪ Record Group free cash flow of A$158.6 million – 45% increase on prior quarter
▪ Fully franked FY19 final dividend of A$102.1 million paid to shareholders
▪ Net cash position increased to A$91.7 million (30 Jun 2019: A$35.2M)
