London, Feb 16, 2026, 08:41 GMT — Regular session
- Anglo American slipped roughly 1% in early Monday moves, following weaker action across mining stocks.
- Attention shifts to a packed slate of mining earnings this week, with January’s metals rally showing signs of losing momentum.
- The company is set to release its full-year results and an update on its sustainability strategy on Feb. 20.
Shares of Anglo American (AAL.L) slipped roughly 1% during early London hours on Monday, with traders shifting positions before the miner’s upcoming full-year results. The stock dropped 38 pence to 3,548 pence, following a last close at 3,586. 1
The drift has become crucial with Europe’s biggest miners set to report in the coming days. The results will hit a market that’s been running with a simple “metals up, miners up” play since January. But if guidance disappoints or turns chaotic, that trade could unravel quickly.
Anglo faces a near-term challenge: holding onto renewed optimism as it overhauls its portfolio and keeps a lid on costs across its commodity lineup. Its take on copper and iron ore is expected to influence the mood across the UK’s mining sector.
European shares ticked up early Monday, as traders positioned for a fresh round of earnings expected this week. 2
Commodity markets have been both the chatter and the story. Copper, gold, and silver all notched new highs in recent weeks, though February hasn’t delivered the same straight shot upward, Reuters pointed out in its weekly preview. 3
Anglo’s full-year results are set to land at 0700 GMT on Feb. 20, the company’s investor calendar shows. A sustainability strategy update is also on the docket for that day. 4
Duncan Wanblad, chief executive, and John Heasley, CFO, are lined up to present results at 0900 GMT on Feb. 20, according to the company’s investor website. 5
Investors are eyeing possible changes in near-term production guidance, costs, and cash returns, with shares now hovering near recent highs. They’re also waiting for word on asset sales and any updates to the group’s reshaping timeline.
This month, Anglo reported a 10% drop in copper output for 2025 and reduced its copper outlook for 2026, pointing to weaker numbers from the Collahuasi site in Chile. “We are committed to seeing our portfolio transformation through to its conclusion,” chief executive Wanblad said in a statement. 6
Rio Tinto, Glencore, and Antofagasta are all set to report this week. Whatever these peers say about demand and price expectations may ripple through the sector. 3
Still, there’s risk in both directions. If metal prices slip, if China demand cools further, or if diamonds stumble again, forecasts could take a hit — putting the stock under renewed pressure. Investors might also get impatient about the pace of the company’s portfolio moves.
Anglo is set to report results at 0700 GMT on Friday, with a presentation to follow at 0900 GMT. Investors are watching for guidance and any new specifics in its strategy update. 4
