New York, Jan 29, 2026, 11:04 EST — Regular session.
- B2Gold shares dropped roughly 5% in morning trading, giving back some of the gains from the past two days.
- Gold miners slipped despite bullion hovering near record highs following Wednesday’s surge.
- Investors are focused on B2Gold’s results due Feb. 18 and its outlook for 2026.
B2Gold Corp shares dropped roughly 5.5% on Thursday, following a pullback among gold miners after a strong rally earlier this week. The stock slipped to $5.46 from an opening price of $5.89. Newmont, Kinross Gold, and Agnico Eagle also tumbled about 5% in early trading.
The pullback is significant since investors priced in miners expecting gold above $5,000, and the trade quickly became crowded. That leaves miners little margin for error on costs, production, or political issues—risks they can’t offset with a rising chart.
Gold took the lead, surging 4% on Wednesday to roughly $5,393 an ounce. One metals strategist described the rally as “a life of its own,” but cautioned that the market appears overbought and vulnerable to a pullback. 1
Rates remain a key factor. The Federal Reserve kept its benchmark rate unchanged at 3.50%-3.75% on Wednesday. Chair Jerome Powell called the economy “solid” and said the Fed is “well-positioned” while it watches incoming data. 2
Equities saw volatility rather than ease today. The S&P 500 slipped, while the Nasdaq dropped roughly 1% in morning trade. Investors were parsing through major tech earnings alongside another surge in AI-related spending. Adam Turnquist of LPL Financial described it as a “show me the money” moment for AI. 3
B2Gold’s drop on Thursday follows a sharp two-day rally. The stock jumped 3.6% Tuesday and added another 4.3% Wednesday, setting it up for a pullback once sentiment shifts. 4
B2Gold is gearing up to report its fourth-quarter and full-year 2025 results after North American markets close on Feb. 18. The company will follow up with a conference call on Feb. 19 to discuss its 2026 “guidance,” including projections for production, costs, and key expenditures. 5
B2Gold, a Canadian gold producer, runs the Fekola mine in Mali, Masbate in the Philippines, and Otjikoto in Namibia, along with several other assets, according to its company profile. 6
But the risks run both ways. A drop in bullion prices, rising energy expenses, or unexpected operational and regulatory hurdles in its mining countries can quickly squeeze cash flow—even if gold prices remain strong.
Investors are watching bullion and rates closely, but all focus will shift to Feb. 18, when B2Gold releases its updated 2026 outlook reflecting the recent gold rally.
