Evolution Mining ( (AU:EVN) ) just unveiled an announcement.
Evolution Mining has completed its acquisition of Carnaby Resources through a Court-approved Scheme of Arrangement. All Carnaby shares covered by the Scheme were transferred to Evolution, and eligible Carnaby shareholders received 0.0682 new Evolution shares for each Carnaby share held on the 3 November 2026 Scheme Record Date.
Evolution also issued shares to a Sale Agent for ineligible foreign and non-electing small parcel shareholders, with net sale proceeds to be distributed under the scheme process. Carnaby has applied for removal from the ASX and termination of its official quotation, while its shares have been suspended since 30 October 2026.
The most recent analyst rating on (AU:EVN) stock is a Buy
with a A$15.80 price target.
To see the full list of analyst forecasts on Evolution Mining stock,
see the AU:EVN Stock Forecast page.
More about Evolution Mining
Evolution Mining is a globally relevant gold miner operating six mines across Australia and Canada, including an 80% share in Northparkes. Its portfolio spans Cowal, Ernest Henry, Mt Rawdon, Mungari, Red Lake and Northparkes.
Average Trading Volume: 9,710,785
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$26.4B
For detailed information about EVN stock, go to TipRanks’ Stock Analysis page.