Evolution Mining's June quarter missed Ord Minnett by -6% on production and -18% on costs, driven by slight underperformance across the asset base and costs at Ernest Henry materially higher as that asset continues to recover from the significant weather event in March. 

The outlook remains unchanged from the Investor Day held at the beginning of June. Production is expected to second half-weighted.

Lighten and $3.15 target retained.

Sector: Materials.

Target price is $3.15.Current Price is $3.63. Difference: ($0.48) - (brackets indicate current price is over target). If EVN meets the Ord Minnett target it will return approximately -15% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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