On June 23, AngloGold Ashanti declined 5.15% overnight, trading at $81.79/share, with turnover of $289,500.

On the news front, Guinean President Mamadi Doumbouya announced an immediate and comprehensive ban on raw gold exports, requiring all gold to be refined and cast into bullion at a newly built refinery in the capital Conakry before export. Any enterprise that continues to export raw gold will have its mining license revoked and cooperation agreements terminated.

AngloGold Ashanti operates in Guinea through its subsidiary Société Aurifère de Guinée, which serves as a major industrial-scale gold mining entity in the country. Guinea holds West Africa's second-largest gold reserves and ranks as Africa's sixth-largest gold producer, with first-quarter gold exports totaling 22,142 kilograms. Previously, approximately 71% of Guinean gold was shipped as raw ore to refineries in the UAE, generating minimal domestic value-added. The policy is part of a broader resource nationalization trend across Africa, forcing foreign miners to establish local processing capacity.

Within the Gold sector, the broader industry declined. Among individual stocks, Newmont Mining down 2.89%, Coeur Mining down 3.84%, Alamos down 2.15%, Agnico Eagle Mines down 2.31%, Wheaton Precious Metals down 2.65%.

(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.)