Evander underground production increased to 21,640oz in FY26 H1, compared to 11,551oz in the prior comparative period. The sub-vertical shaft is operating at design capacity, and development into 24 Level B-Line continues to unlock higher-grade mining areas.
Management emphasised that capital allocation remains phased and returns-driven. Development expenditure is sequenced against near-term production conversion and risk reduction, rather than front-loaded expansion.
Evander provides grade leverage within the Group’s diversified portfolio. As surface operations anchor lower-cost ounces, underground production offers operational flexibility and gold price exposure without undermining balance sheet discipline.
For investors evaluating underground execution risk, the H1 results indicate improved stability, stronger volumes, and clearer visibility into second-half production weighting.