The soaring price of gold has almost quadrupled first half profit at Evolution Mining, encouraging the ASX-listed miner to reward investors with a chunky dividend and to seek out copper deals.
Gold continues to hover around record highs above $US2900 an ounce amid concerns about a US-China trade war, with demand for bullion driven by central banks shifting their assets away from the greenback.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
