Gold miners' shares rise premarket; Sibanye Stillwater up 6.6%, Harmony Gold up 5.7%, Newmont up 1.9%, Kinross Gold up 2.2%, AngloGold Ashanti up 3.1%, Barrick Mining up 1.9%

Gold miners' shares rise premarket; Sibanye Stillwater up 6.6%, Harmony Gold up 5.7%, Newmont up 1.9%, Kinross Gold up 2.2%, AngloGold Ashanti up 3.1%, Barrick Mining up 1.9%

Gold miners' shares experienced a significant uptick premarket on September 2, 2025, tracking the rise in gold prices. The increase in gold prices, which hit an all-time high, was driven by expectations of a Federal Reserve rate cut and lingering political and economic risks [1].

Spot gold prices surged to $3,539.93 per ounce, after reaching a record high of $3,546.99 earlier in the session. This upward trend was reflected in the performance of major gold mining stocks. Newmont Corporation (NEM) and Barrick Gold Corporation (ABX) were among the top performers, rising by 0.5% and 0.8%, respectively [1].

South African miners also saw substantial gains. Gold Fields Limited (GFI) rose by 2.2%, AngloGold Ashanti Limited (AU) gained 3.3%, Harmony Gold Mining Company Limited (HAR) increased by 3.8%, and Sibanye Stillwater Limited (SSW) saw a 4.2% increase [1].

Canadian miners Agnico Eagle Mines Limited (AEM) and Kinross Gold Corporation (K) also performed well, rising by approximately 1% each [1].

Sibanye Stillwater Limited (SBSW) was particularly notable, extending its winning streak to a second day, jumping 9.38% to close at $8.28 apiece, as an investment firm raised its price target for the stock [3]. The company's headline earnings expanded by 1,846% to $292 million in the first six months of the year, compared to $15 million in the same period last year [3].

The market reaction to gold prices highlights investor sentiment towards the precious metal as a safe haven asset. The anticipation of a rate cut by the Federal Reserve and ongoing geopolitical uncertainties are likely to continue driving demand for gold [1].

References:
[1] Reuters. (2025). U.S.-listed shares of gold miners rise premarket, tracking higher bullion prices. Retrieved from https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3UQ0KK:0-gold-miners-gain-as-bullion-hits-record-on-rate-cut-bets-trade-woes/
[2] Reuters. (2025). Gold miners fall as bullion eases from record peak. Retrieved from https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3UR0LA:0-gold-miners-fall-as-bullion-eases-from-record-peak/
[3] Yahoo Finance. (2025). Sibanye Stillwater (SBSW) Rides Gold Prices to New Highs. Retrieved from https://finance.yahoo.com/news/sibanye-stillwater-sbsw-rides-gold-151405743.html