Commodities
Gold Miner Evolution Mulls Dividend Hike and Seeks Acquisitions
A dump truck filled with ore drives out of the White Foil open mine pit at Evolution Mining Ltd.'s gold operations in Mungari, Australia.
Photographer: Carla Gottgens/BloombergGold miner Evolution Mining Ltd. will consider raising dividends as precious metals remain high, while also seeking to buy as many as three more assets for growth.
Australia’s second-biggest gold miner currently has a 50% payout policy based on cash flows. The company generated A$406 million ($290 million) in cash flow in the three months through March.