# EVN: September 2026 Quarterly Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/evn-september-2026-quarterly-report--f513345e-5957-4252-9f12-a3f84c527c63 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152008 Publisher: asx Original announcement: 2026-10-13T21:41:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T22:12:53.377Z Atlas analysis updated: 2026-10-13T22:12:53.377Z - Company: Evolution Mining Limited - Ticker: EVN - Exchange: ASX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Copper, Silver - Document categories: Production, Drill results, Other - Extracted: 2026-10-13 22:12:54 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Evolution Mining Limited reported a strong September 2026 quarter with group production of 154koz gold and 18kt copper, maintaining one of the lowest All-in Sustaining Costs in the sector at $1,653/oz. The company achieved a positive net cash position of $141M and advanced key growth projects, including the approval of the Concentrate Regrind and Filtration Project at Northparkes. Exploration delivered potential upside with a significant copper-gold intercept at Ernest Henry, extending mineralization up to 900 metres below current production levels. Reasoning: The quarterly report indicates strong operational performance with positive cash flows and advancing growth projects. New drill results extend mineralization at depth, and a new project is approved with expected recovery improvements. Minor operational disruptions are noted but do not overshadow the overall positive outlook. - Positive factor: Strong gold and copper production figures - Positive factor: Positive net mine cash flow across all operations, with a record at Ernest Henry - Positive factor: Improved net cash position and total liquidity - Positive factor: Organic growth projects advancing on schedule and budget - Positive factor: Approval of Concentrate Regrind and Filtration Project at Northparkes with expected recovery improvements and high IRR - Positive factor: Significant copper-gold drill intercept at Ernest Henry extending mineralization at depth - Positive factor: Improved total recordable injury frequency \(TRIF\) - Negative factor: Slower start to the quarter than expected for overall group guidance - Negative factor: Unplanned power interruptions impacting production at Mungari and Red Lake - Negative factor: Cowal production impacted by substantial rainfall and contractor changeover challenges - Negative factor: Lower cash flow for Northparkes due to one less concentrate shipment Facts used in scoring: 12 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/evn-september-2026-quarterly-report--f513345e-5957-4252-9f12-a3f84c527c63#fact-drill-facts-10) Ernest Henry · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Ernest Henry - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: EVN #### Geometry - Grade: 1.26 - Grade Unit: % - Intercept: 61.3 m - From: 900 m - To: 961.3 m - Intercept Depth: 900 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ernest\_Henry:900-961.3 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A significant copper intercept with strong grade and width, extending mineralization at considerable depth, indicates potential for resource growth at Ernest Henry. - Positive factor: Strong copper grade - Positive factor: Significant intercept length - Positive factor: Extension of mineralization at depth \(900m below current production\) Evidence · text > 61.3m @ 1.26% Cu and 0.77g/t Au, up to 900 metres below the current production level. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/evn-september-2026-quarterly-report--f513345e-5957-4252-9f12-a3f84c527c63#fact-drill-facts-11) Ernest Henry · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ernest Henry - Commodity: gold - Region: australia\_qld - Reported Region: australia\_qld - Ticker: EVN #### Geometry - Grade: 0.77 - Grade Unit: g/t - Intercept: 61.3 m - From: 900 m - To: 961.3 m - Intercept Depth: 900 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ernest\_Henry:900-961.3 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A good gold intercept with moderate grade and strong width, extending mineralization at considerable depth, indicates potential for resource growth at Ernest Henry. - Positive factor: Moderate gold grade - Positive factor: Significant intercept length - Positive factor: Extension of mineralization at depth \(900m below current production\) Evidence · text > 61.3m @ 1.26% Cu and 0.77g/t Au, up to 900 metres below the current production level. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.