Gold price spike lifts Evolution to record half year

By Chloe Coutinho

Wednesday, 11 February 2026

NewsProjects & Operations

Evolution Mining (ASX: EVN) has delivered strong H1 FY26 results, with net profit after tax more than doubling to $766.6m from the year before as the gold price surged through Q2.

The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.

Youanmi has a production target of 817koz of gold doré over the life-of-mine, averaging 117kozpa over an estimated initial seven-year processing period.

Exploration & DiscoveryNews

Rox fully funds WA gold project to production

Rox Resources (ASX: RXL) has received commitments for $350m in debt facilities to fund the development of its 100%-owned Youanmi gold project in WA.

GPS is an unincorporated joint venture of which Rio Tinto has a 42.125% stake.

Rio Tinto may retire Gladstone coal-fired power station early

Rio Tinto may retire Gladstone coal-fired power station early Queensland’s oldest and largest coal-fired power station — the Gladstone Power Station (GPS) — could retire in 2029, six years earlier than expected. Rio Tinto (ASX: RIO) says no final decision has been made to retire GPS, which has operated since 1976, and there is potential to extend the life of the power station should market and other factors allow. The miner says there is no immediate impact on operations and existing power supply contracts, including to Boyne Smelters, will remain in place until their scheduled expiry in March 2029. The GPS JV participants recognise the contribution of the power station to the Gladstone community and are committed to work with...

(Image source: MinRes) Operating from a dedicated MinRes Air Terminal at Perth Airport, this in-house service enables a smooth and timely transition from arrival to boarding

MinRes Air introduces new routes

MinRes Air introduces new routes Mineral Resources’ (ASX: MIN) in-house airline, MinRes Air, has launched new services from Perth to Kalgoorlie alongside existing services from Perth to Wodgina. The new routes will support transport of employees and contractors to the Mt Marion lithium operation. MinRes Air chief executive Graeme Taylor says the new services are another important step forward in transforming the FIFO experience for employees. “From a dedicated terminal to generous legroom on board, every detail is about ensuring comfort, reliability and efficiency for those who keep MinRes’ operations...

The roundtable is part of the Queensland Government’s broader strategy to strengthen trade infrastructure, grow regional jobs, restore Queensland’s global competitiveness, and demonstrate that the state is open for business.

Coal roundtable sets course for smarter, faster exports

Coal roundtable sets course for smarter, faster exports The Queensland Government is tackling bottlenecks holding back one of the state’s most valuable export sectors with a high-level Coal Supply Chain Roundtable hosted in Brisbane. Queensland Minister for Finance, Trade, Employment and Training Ros Bates and Queensland Minister for Natural Resources and Mines Dale Last hosted the event, bringing together leaders from across the coal export network to drive practical solutions and unlock billions in stalled export capacity. Despite having more than 300mt of port capacity, Queensland...