Evolution Mining Limited (EVN) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Evolution Mining September 2025 Quarter Results Call. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you'll need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr Laurie Conway, Managing Director and Chief Executive Officer. Please go ahead. Thank you Darcy and good morning everyone. I'm joined on the call today by Matt O'Neill, our Chief Operating Officer, Peter Rockey-O'Connor, our General Manager Investor Relations and Fran Summerhays who joined us a month ago as our CFO. It's great to have Fran on board and she's made an impressive start in her first month. I will have Fran make a couple of introductory comments about herself soon. Today we release the September quarterly report which will be the reference point for the call. There are three key things to take away from the call today. Firstly, we're on track to deliver on our FY26 commitments. That is for group guidance, production, costs and capital. Our projects are on schedule and on budget and our five-year capital outlook remains unchanged. Secondly, there's been a structural shift in the sector both for gold and copper. Gold as a financial reserve has accelerated with central banks being net buyers of gold for 27 of the last 28 months. For the first time since 1996, central banks are holding more gold in reserves than US treasuries. In terms of copper, short-term supply issues match with an increasing long-term demand forecast but no clear pathway for increased supply is seeing rising near-term and long-term copper prices. Lastly, evolution with a long life, low margin portfolio including ...