$EVN - EVOLUTION MINING - Looking like a new run setting up

EVOLUTION MINING (EVN:ASX)

Nice big healthy miner looking to resume their run. I'd like to see them breakout past $3.25 cents for an entry, but headed in the right direction. Have an alert set.

$5B market cap with nice fat revenues always good to have in your portfolio when times might get a bit tough.

Evolution Mining Limited is a gold company. The Company is engaged in operating, identifying and developing gold related mining projects in Australia and New Zealand. Its segments are Cowal, Mungari, Mt Carlton, Mt Rawdon, Edna May, Cracow, Pajingo, Exploration and Corporate. It owns and operates approximately seven gold mines, including Cowal in New South Wales; Cracow, Pajingo, Mt Carlton and Mt Rawdon in Queensland, and Mungari and Edna May in Western Australia. The Cowal operation is an open pit mining operation with production from a range of different faces within the single pit. The Edna May gold mineralization consists of high-grade reef structures and associated stockwork veining hosted within approximately three en-echelon tonalitic gneiss intrusions (Edna May, Greenfinch and Golden Point). The Mt Carlton project is a high-sulfidation epithermal style deposit with mineralization occurring within felsic volcanic rocks on the northern margin of the Permian Bowen Basin.

Comment:

Continuing to run nicely

Comment:

Still running nicely - but encountering the natural resistance at $4. Be interesting to see if it can break through or if it will get rejected.