Update: Evolution Mining Posts Lower June Quarter Gold Production

(Updates to add stock movement in the last paragraph) Evolution Mining (ASX:EVN) reported group production of 179,655 ounces of gold for the June quarter, according to a Wednesday Australian bourse filing. Group production was 182,388 ounces of gold in the prior corresponding period, an earlier filing showed. The group produced 192,959 ounces of silver and 18,810 tonnes of copper, compared with 203,305 ounces of silver and 19,197 tonnes of copper a year earlier. Meanwhile, the company sold 177,909 ounces of gold and 208,928 ounces of silver during the quarter at achieved prices of AU$5,928 and AU$93 per ounce, respectively, compared with 178,385 ounces of gold and 198,848 ounces of silver a year earlier. Copper sales were 21,485 tonnes at an achieved price of AU$19,314 per tonne, compared with 18,873 tonnes a year earlier. The company expects fiscal 2027 production capacity to remain largely unchanged, with elevated inflation, higher sustaining capital investment, and increased mine development expenditure planned across key operations. The company's shares fell around 1% in recent Wednesday trade.