On August 5, Anglogold Ashanti rose 5.13% in pre-market trading, trading at approximately $85.74/share, with turnover of $459,700. The move was driven by a broad rally across the gold sector alongside a technical recovery from post-earnings selling pressure following the company's Q2 results released on July 31.

The Q2 report showed headline earnings of $1.98 per share, up from $1.25 a year earlier but below the analyst consensus of $2.38. Gold income came in at $3.03 billion, also missing the $3.20 billion estimate. Despite the shortfall, the company maintained its full-year gold production, cost, and capital expenditure guidance unchanged, and indicated that unit costs are expected to decline in the second half as production scales up. Additionally, the company declared a dividend of $2.89 per share and confirmed that its proposed $2 billion share repurchase program has been approved by shareholders, reinforcing capital return commitments.

Within the Gold sector, the broader group advanced meaningfully, with Agnico Eagle Mines up 3.74%, Newmont Mining up 3.57%, Coeur Mining up 3.39%, Wheaton Precious Metals up 3.01%, and Barrick Mining Corporation up 2.72%.

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