$AU

Gold prices fell 1% to $4,649.10/oz after a hotter-than-expected US inflation report, retreating from a three-month high. Spot gold is still up 14% in August. Silver also declined. The Fed's preferred inflation gauge, PCE, rose 3.7% YoY in July, above forecasts. Investors await Fed Chair Warsh's speech at Jackson Hole for further rate guidance. Gold's recent rally was driven by US Treasury bond market intervention and ETF inflows. Miners like Agnico Eagle and AngloGold have seen significant gain

AngloGold Ashanti (AU) fell 4.2% as gold prices cooled and investors reacted to its Q2 update, showing lower production and higher costs. The company reaffirmed 2026 guidance and declared a dividend. Analysts' price targets range from $110 to $133.

AngloGold Ashanti has resumed operations at a Brazilian plant, allowing it to process all local gold concentrate domestically. The Queiroz complex now has full capacity of 280,000 metric tons per year, following a 105 million reais investment. Previously, part of the concentrate was exported. Both plants were shut in 2022 for waste treatment adjustments.

Gold mining stocks declined Tuesday as spot gold prices fell 1% to $4,369.82 per ounce, driven by rising Treasury yields and inflation concerns. Barrick Mining (ABX) dropped 1.1%, Newmont (NEM) fell 2.8%, and other major gold miners also saw declines. Rising oil prices and a steepening yield curve contributed to the weakness in gold prices, according to Peter Grant of Zaner Metals.

The article says small-cap stocks have outperformed in 2026, with the Russell 2000 up about 23% and the small-cap benchmark hitting a record high. It highlights Pacer US Small Cap Cash Cows ETF (CALF), up nearly 27% YTD, yielding 1.08%, and screens for dividend-paying, high free-cash-flow names: Ovintiv (OVV), AngloGold Ashanti (AU), and Upbound Group (UPBD), citing recent earnings, cash flow, guidance, and analyst price targets.

AngloGold Ashanti (NYSE: AU) will invest $42M to double its stake in Thesis Gold & Silver (TSXV: TAU, OTC: THSGF), buying 8.34M shares for C$28.5M plus C$30M of flow-through shares. AngloGold’s interest rises to 9.7% from ~5% after a prior C$38.7M deal. Financing supports Lawyers-Ranch feasibility work; closure expected Aug. 27.

A rockfall killed one worker and injured five others at Egypt’s Sukari gold mine, according to Egypt’s petroleum ministry. Underground work in the affected area is suspended pending an investigation. Sukari is operated by a 50-50 joint venture between Egypt’s Mineral Resources Authority and AngloGold Ashanti. AngloGold Ashanti reported 2025 output of 500,000 ounces and $612 million revenue.

Simply Wall St reports AngloGold Ashanti (AU) posted higher half-year 2026 net income of US$2,283 million, declared an interim dividend, and plans a US$2b share buyback, while reaffirming full-year production guidance. The article cites a latest price of US$96.22 and a fair value estimate of $119.72.

AngloGold Ashanti (AU) reported Q2 2026 results on an earnings call. Gold production fell 7% to 744,000 ounces. Basic EPS rose 49% to $1.97. EBITDA increased 46% to $1.97B and free cash flow rose 36% to $727M. The company reaffirmed 2026 production guidance of 2.8-3.17M ounces and AISC of $1,780-$1,990/oz, while targeting a net cash position near $1B and a $2B buyback.

UBS named six gold mining stocks as top picks, citing central bank buying, sovereign debt, and de-dollarization as medium-term supports for gold despite near-term headwinds from higher real yields and a stronger dollar. Stocks highlighted include Newmont, AngloGold, Endeavour, SSR Mining, Franco-Nevada, and Genesis, with recent quarterly results and analyst rating or target changes noted.