On August 5, Anglogold Ashanti rose 5.3% overnight, trading at $85.82/share, with turnover of $456,600. The stock outperformed amid a broad gold sector rally, supported by the company's recently affirmed full-year production and cost guidance.

On July 31, Anglogold Ashanti reported Q2 headline earnings of $1.98 per share, up from $1.25 a year earlier, with gold income of $3.03 billion versus $2.41 billion in the prior year period. While both figures fell short of analyst estimates of $2.38 EPS and $3.20 billion in gold income, the company maintained its full-year gold production, cost, and capital expenditure guidance issued in February. Management noted that expanding production volumes are expected to drive lower unit costs in the second half.

The broader gold sector traded firmly higher, with Wheaton Precious Metals up 4.98%, Coeur Mining up 4.01%, Agnico Eagle Mines up 3.69%, Newmont Mining up 3.46%, and Barrick Mining up 3.19%. Additionally, the company's proposed $2 billion share buyback program, approved by shareholders in July, provides further support for investor sentiment.

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