On September 1, Anglogold Ashanti fell 4.1% in pre-market trading, trading at $108.08/share, with turnover of $197,700.

On the news front, Fed Chair Warsh delivered a clearly hawkish message at the Jackson Hole symposium, emphasizing that underlying inflation has not returned to the 2% target quickly enough and leaving the door open for further tightening. The remarks sent gold prices sharply lower, with spot gold dropping nearly 3%, dragging the broader gold mining sector into decline.

Adding to the pressure, the company's Q2 results released on July 31 came in below expectations. Headline earnings were $1.98 per share versus the $2.38 analyst consensus, while gold income of $3.03 billion missed the $3.20 billion estimate. Although both figures represented solid year-over-year growth from $1.25 EPS and $2.41 billion in gold income, the shortfall against expectations weighed on sentiment. The company maintained its full-year production, cost, and capital expenditure guidance unchanged and indicated unit costs should decline in the second half as production scales up.

Within the Gold sector, stocks were broadly under pressure. Newmont Mining fell 2.43%, Coeur Mining fell 3.23%, Agnico Eagle Mines fell 2.05%, Wheaton Precious Metals fell 1.88%, and Barrick Mining fell 2.41%.

(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.)