Anglogold Ashanti Plc premarket rises 1.21% after Ministry of Mines approves Pambili's Golden Valley expansion project expansion.

Anglogold Ashanti Plc experienced a 1.21% increase in premarket trading. The positive movement was driven by Alamos Gold's notice of second quarter 2024 results, which included the approval of Pambili's plans to expand the Golden Valley project in Zimbabwe. This expansion, as reported by the local press, is expected to boost the company's resource drilling potential and highlights the project's growth prospects. The appointment of Marc Ducharme as Vice President of Exploration also adds to the positive sentiment, indicating a strengthened technical team. However, it is important to note that the resignation of a director from Deccan Gold Mines Limited might have a minor impact on the market, but it is not the primary driver of the stock's upward movement.