Which ASX 200 mining share chair of the board just sold $51 million worth of stock?

The chair of S&P/ASX 200 Index (ASX: XJO) mining company Evolution Mining Ltd (ASX: EVN) has just sold $51.2 million worth of shares.

Jake Klein is the non-executive chair of the board at the ASX 200 gold miner.

He transitioned to the non-executive chair role last July after serving as executive chair from 2011 to 2025.

Evolution disclosed the trade in a mandatory lodgement last week.

According to the disclosure, Klein sold 3.25 million Evolution shares on-market over four days for an average price of $15.7587 per share.

These transactions total $51,215,775.

Last week’s trades follow another major sell-down six months ago.

Klein sold 4,597,106 Evolution shares for an average price of $7.9491 per share in August.

The total consideration was just over $36.5 million.

Klein also acquired 1,188,931 Evolution shares through the vesting of performance rights at the time.

ASX 200 mining share hits record high today

The Evolution share price rose 5.2% to a new record high of $16.39 in early trading on Tuesday.

Like yesterday, the materials sector is once again leading the market, which may be contributing to Evolution’s share price jump today.

A presentation lodged with the ASX after the market close yesterday may be impressing investors today as well.

The presentation was delivered at the 35th Annual Global Metals, Mining and Critical Minerals Conference in Florida, US.

Evolution Managing Director and CEO Lawrie Conway told attendees that disciplined capital allocation was driving sustained high returns.

Conway noted two “high return” projects, Northparkes and Ernest Henry, have just been approved.

He also discussed organic growth, with the Mungari plant expansion, completed last year.

He also said the Cowal Open Pit Continuation Project, which will extend the mine’s life to 2042, was running ahead of schedule.

Conway said Evolution planned capital investment of between $900,000 and $1.1 million per year in FY27 through to FY30.

What did Evolution Mining report for 1H FY26?

The Evolution share price rose 8.7% when the miner reported its 1H FY26 results on 11 February.

Evolution reported a 110% increase in net profit after tax (NPAT) to $766.6 million.

The company thrilled investors with a record fully-franked interim dividend of 20 cents per share, nearly triple last year’s interim payment.

It appears some profit-taking took place after the results.

The Evolution share price declined 10.5% over the next week, before commencing a sustained rebound last Wednesday.

Klein’s sell-down means he will forgo the record dividend payment on those 3.25 million shares because the ex-dividend date is 3 March.

But Klein still holds 7.75 million Evolution shares, both indirectly and directly, so his next dividend payout will still be a healthy $1.55 million.

Evolution did not provide a reason for either of Klein’s sales this month or last August.

The post Which ASX 200 mining share chair of the board just sold $51 million worth of stock? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.