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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Evolution Mining Limited    EVN   AU000000EVN4

EVOLUTION MINING LIMITED

(EVN)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 01/15
4.61 AUD   -1.07%
01/06Trillium Gold Advancing Multiple Red Lake Projects
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Evolution Mining : 2020 Annual and Sustainability Report

10/22/2020 | 08:05pm EST

Creating a premier global

mid-tier gold company

Clear and consistent strategy

  • A portfolio of 6 to 8 assets generating superior returns with an average mine life of at least 10 years
  • Embed financial discipline across the business
  • An active pipeline of quality exploration and development projects
  • Open to all quality gold, silver and copper-gold value accretive investments
  • Build a reputation for sustainability, reliability and transparency

Ernest Henry

(economic interest)

Mungari

Mt Carlton

Mt Rawdon

Cowal

Canada

Red Lake

Contents

Executive Chairman's report 4 | Sustainability report 6 | Chief Operating Officer's review 54 | Innovations and asset optimisation 60 | Discovery 63 | Mineral Resources and Ore Reserves 67 | Chief Financial Officer's review 75 Annual Financial Report 81 | Shareholder information 189 | Corporate information 193

Contents//

This report has been authorised for release by the Board of Directors.

Forward looking statements

This report prepared by Evolution Mining Limited (or "the Company") include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "continue", and "guidance", or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to differ materially from

any future results, performance or achievements. Relevant factors may include, but are not limited to changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Forward looking statements are based on the Company and its management's good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company's business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company's business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company's control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

Evolution Mining Limited // Annual Report 2020 1

// FY20 achievements

Annual Report (Continued)

FY20 achievements

Delivering safe, low-cost gold production in an environmentally and socially responsible way

Strategy execution delivering sector leading financials

Transformational acquisition

Red Lake acquisition - an under-capitalised,high-grade,long-life underground mine located in Ontario, Canada

Strong performance in safety and sustainability

No material impact to operations from COVID-19

Total Recordable

Safety interactions

Injury Frequency

40%

reduction18%

Statutory net

profit after tax

EBITDA1

38%

41%

to a record

to a record

A$301.6M

A$1.03B

Underlying net profit after tax

86%

to a record

A$405.4M

  1. EBITDA - Earnings Before Interest, Taxes, Depreciation, and Amortisation and is a metric used to evaluate a company's operating performance
  2. All-inSustaining Cost includes C1 cash cost, plus royalty expense; sustaining capital; and general corporate and administration expenses on a per ounce sold basis
  3. Calculated using an average AUD:USD exchange rate for FY20 of US$0.6714

Group delivering strong

EBITDA margins

FY20 53%

FY19 48%

FY184 53%

FY174 49%

FY16 46%

FY15 40%

FY14 33%

4. FY17 excludes Pajingo. FY18 excludes Edna May

Consistent gold production

746.5koz

Among the lowest cost gold producers in the world

AISC2

A$1,043/oz

(US$700/oz)3

Operating mine

Net mine

cash flow

cash flow

45%

48%

to a record

to a record

A

A$736M

$1.12B

Group free cash flow

86% to a record A$541.8M

Record full year fully franked cash dividend payout of

A$273.0M a 68% increase on FY19

Returning

A$365/oz produced in dividends

Increasing returns to shareholders 14%

Dividends (% of revenue vs

11%

cents per share declared)

8%

9

6%

4

6

3%

3

2%

2%

3%

7

1

1

2

2

3.5

3.5

1

1

1

1

FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20

Interim (cps)

Final (cps)

% of Revenue

2 Evolution Mining Limited // Annual Report 2020

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Evolution Mining Limited published this content on 23 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2020 00:04:07 UTC


© Publicnow 2020
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Financials
Sales 2021 2 015 M 1 553 M 1 553 M
Net income 2021 466 M 359 M 359 M
Net Debt 2021 64,7 M 49,8 M 49,8 M
P/E ratio 2021 17,0x
Yield 2021 2,97%
Capitalization 7 877 M 6 080 M 6 069 M
EV / Sales 2021 3,94x
EV / Sales 2022 3,59x
Nbr of Employees -
Free-Float 98,4%
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Technical analysis trends EVOLUTION MINING LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 5,31 AUD
Last Close Price 4,61 AUD
Spread / Highest target 51,8%
Spread / Average Target 15,2%
Spread / Lowest Target -4,56%
EPS Revisions
Managers and Directors
NameTitle
Jacob Klein Executive Chairman
Robert Fulker Chief Operating Officer
Lawrie Conway CFO, Finance Director & Executive Director
Evan Elstein Secretary, Vice President-IT & Community Relations
James Edward Askew Non-Executive Director
Sector and Competitors