AngloGold Ashanti shares rise 6.80% premarket after acquiring Augusta Gold’s construction-ready Nevada Reward project, expanding US growth and Brownfields exploration.

AngloGold Ashanti surged 6.80% in premarket trading following the completion of its acquisition of Augusta Gold Corp.’s construction-ready Reward project in Nevada. This strategic move expands the company’s U.S. presence and complements its Brownfields exploration initiatives and production growth plans at key mines like Obuasi. The acquisition aligns with AngloGold Ashanti’s focus on near-mine growth and lower-risk jurisdictions, providing a clearer path to asset base expansion and production consistency. Additionally, sustained volatility in gold prices, which recently traded above $5,300 per ounce, likely reinforced investor optimism in gold-linked equities. Analysts at RBC also raised the price target to $107, further supporting positive sentiment. The premarket rally reflects confidence in the company’s near-term execution on new projects and operational efficiency.