Higher gold price drives Evolution records

Gold miner Evolution Mining has reported record underlying net profits, earnings before interest, taxes, depreciation and amortization (Ebitda) and cash flows for the half-year ended December. Underlying net profits for the quarter increased by 62% on the first half of 2019, to A$149.1-million, while Ebitda increased by 23% to A$441.2-million, and group free cash flows by 119% to A$242.4-million.