On August 17, Anglogold Ashanti rose 3.02% in regular trading, trading at $99.2/share, with turnover of $31.41 million, leading gains among gold sector peers.
On the news front, spot gold surpassed the $4400 level, while global central banks recorded net gold purchases of 289 tonnes in Q2, surging 62% year-over-year, providing structural support for gold prices. At the company level, Anglogold Ashanti reported Q2 gold income of $3.03 billion, up 25.7% year-over-year, with EPS of $1.98, a 58.4% increase. The company maintained its full-year production and cost guidance unchanged and expects unit costs to decline in H2 as production ramps up. Additionally, the company's proposed $2 billion share repurchase program has been approved at a shareholder meeting, further bolstering market confidence.
Within the Gold sector, peers posted broad gains: Coeur Mining up 1.97%, Newmont Mining up 1.76%, Barrick Mining up 1.71%, Agnico Eagle Mines up 1.69%, and Pan American Silver up 0.46%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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