Evolution Mining's revenue FY 2013-2024

Evolution Mining Limited is one of Australia’s leading mid-tier mining companies, with its operations concentrated on the gold, silver, and copper mining segments. In financial year 2024, the revenue of Evolution Mining Limited amounted to about 3.2 billion Australian dollars. This was an increase from the previous year.

Evolution Mining’s operations

The company owns the Cracow, Mt Rawdon, Mt Carlton, Mungari, Cowal, and Ernest Henry mines, with the latter contributing to the largest portion of revenue generated. Evolution Mining’s revenue was primarily generated from gold production, with silver and copper mining supporting its business. The volume of gold produced has decreased over the years, though increased slightly in the latest financial year.

Who are the competition?

Evolution Mining followed only Newcrest Mining and Northern Star Resources to join the ranks as one of the leading Australian gold mining companies by market capitalization. Of the three, Newcrest Mining was the most dominant, with mines in Australia, Canada, and Papua New Guinea. In financial year 2022, the volume of gold produced by Newcrest Mining was just under two million ounces.