Evolution Mining Ltd (ASX: EVN) is up 0.3% today to $2.80 as the gold miner defies widespread share price slumps on the S&P/ASX 200, particularly in the resources and energy sector.
Australian stocks have been flattened by a Dow Jones drop of more than 1,000 points, but Evolution remains in the black, climbing steadily from a January 10 low of $2.40.
Evolution booked strong gold production figures; cash flow for operating mines in excess of $200 million, record-low sustaining costs, and an expectation to comfortably deliver on FY18 guidance in its quarterly report issued on January 30.
Peers in the gold mining arena: Newcrest Mining Limited (ASX: NCM), Northern Star Resources Ltd (ASX: NST) and Doray Minerals Limited (ASX: DRM) have not fared as well as Evolution this week, with share price slips at the time of writing at 0.2%, 0.2% and 4.1% respectively.
But copper cousin Oz Minerals Limited (ASX: OZL) is also defying the odds, rising 1% to above $9 today after a fairly volatile 12 months of share price movements.
