Evolution Mining Ltd's stock plummeted 5.08% intraday on Tuesday, reflecting a sharp decline in the Australian gold miner's share price.
The drop comes amid a broader selloff in Australian gold stocks, which fell to their lowest level in over two weeks. The decline was driven by weaker bullion prices, which fell as fresh U.S.-Iran tensions lifted oil prices and sparked fears of inflation, bolstering market expectations for higher interest rates.
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