Vancouver, Jan 23, 2026, 11:58 PT — Regular session.
- B2Gold (BTG) gained roughly 0.7% in U.S. trading, staying close to its recent peak
- Gold miners stay in the spotlight amid bullion rally, with gold hovering near $5,000 an ounce
- Company scheduled to release Feb. 18 results and 2026 guidance; Mali policy shift introduces additional risk
B2Gold Corp shares inched up Friday, buoyed by a renewed jump in gold prices and a calendar that’s gaining importance for miners. By 2:42 p.m. ET, the U.S.-listed stock had risen roughly 0.7% to $5.24, after swinging between $5.16 and $5.38.
The move arrives as gold miners act like a live macro trade. Investors are flocking to metals, seeking a hedge against geopolitical tensions and changing U.S. interest rate expectations. Miners amplify these shifts since their revenues track the metal’s price, but their costs lag behind.
Spot gold climbed roughly 0.6% to $4,964.81 an ounce, having hit a new high of $4,988.17. Spot silver surged past $100 for the first time, Reuters reported. “Gold’s role as a haven and a diversifier in highly uncertain economic and political times is making it a necessity for strategic portfolios,” said Tai Wong, an independent metals trader. (Reuters)
B2Gold’s shares saw a big jump the day before. They closed Thursday at $5.20, up from $4.93 on Wednesday—roughly a 5.5% increase. During Thursday’s trading, the price swung between $4.94 and $5.33. (Yahoo Finance)
B2Gold announced in a U.S. securities filing that it will report its fourth-quarter and full-year 2025 results after North American markets close on Feb. 18. The Vancouver-based miner will also provide 2026 guidance, outlining expected production and costs. A conference call is set for Feb. 19 at 11 a.m. ET. The company operates mines in Canada, Mali, Namibia, and the Philippines. (SEC)
Traders are focused on any changes to cost assumptions, capital spending, and the tone on mine-by-mine results. With bullion setting the pace, guidance often carries more weight than the actual quarter.
Goldman Sachs lifted its year-end 2026 gold price forecast to $5,400 an ounce from $4,900, pointing to private-sector and emerging-market central banks diversifying into gold. The macro outlook has improved, at least according to the forecasts. However, the bank cautioned that a sharp decline in perceived global policy risk could spark hedge fund liquidations, putting downward pressure on prices—a hit miners would feel quickly. (Reuters)
B2Gold’s recent moves underscore that gold prices aren’t the only factor at play. Mali’s military ruler has established a new ministerial-level position under the presidency to manage mining policy and compliance. Reuters reports that former Barrick executive Hilaire Bebian Diarra has been tapped for the job, signaling a push for tighter government control over the mining industry. (Reuters)
Headlines like that can swing either way for miners: they might delay projects and bog down permitting, or they could make decision-makers clearer. In any case, it injects uncertainty for firms heavily invested in Mali.
B2Gold’s next major event lands on Feb. 18, with results and the 2026 outlook set for release after market close, ahead of the Feb. 19 conference call. Investors will be focused on whether gold can hold near the $5,000 mark, and if policy developments in Mali remain just talk or start affecting the company’s operations.
