BUZZ-Ops stability, cash generation supports Evolution's balance sheet, Jefferies says

Reuters10-17

** Analysts at Jefferies say the recent stability in business operations and generation of cash is supportive of gold miner Evolution Mining's deleveraging of balance sheet

** Brokerage says improved operational consistency and deleveraging could unlock higher shareholder returns over the medium term

** Strong gold prices and assets transitioning to cash harvesting from investment cycles have led to improvements in EVN's balance sheet - Jefferies

** Forecasts EVN to be net cash from net debt in fiscal 2028

** Brokerage reiterates "hold" rating on stock and A$5 PT

** Stock has risen 26.5% this year, as of last close

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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