AngloGold Ashanti shares surge 5.63% after-hours as Reward project acquisition and gold mining sector rally drive optimism.

AngloGold Ashanti surged 5.63% in after-hours trading, driven by its acquisition of Augusta Gold Corp.’s construction-ready Reward project in Nevada, which expands its U.S. footprint and aligns with Brownfields growth strategies. The move, coupled with RBC Capital Markets raising its price target to $107, reinforced investor confidence in the company’s asset development and production expansion plans. Broader gold and silver price rebounds also lifted mining stocks, with AngloGold joining peers like Kinross and Gold Fields in posting gains. The acquisition and analyst upgrade directly supported the after-hours rally, while sector-wide optimism from rising precious metal futures amplified the upward momentum.