New York, Jan 30, 2026, 11:00 (EST) — Regular session.
- B2Gold shares dropped roughly 6% in morning trading amid a faster decline in bullion prices.
- Gold dipped below $5,000 an ounce for a short spell as the dollar firmed following the Fed chair announcement.
- Investors now eye B2Gold’s results due Feb. 18 and its production and cost projections through 2026.
B2Gold Corp shares slid roughly 6% to $5.22 by 10:45 a.m. ET on Friday, after dipping to $5.05 amid a steep plunge in bullion prices that weighed on gold miners. The NYSE American-listed stock lost 33 cents from Thursday’s close, with around 17.2 million shares changing hands.
This shift is significant as miners have been riding gold’s historic surge this month, but now the trade is rapidly reversing. Since producers’ revenue follows the metal closely, and many mining costs adjust more slowly, the stocks can experience bigger swings than the commodity itself.
Spot gold dropped as much as 8%, trading down 5.8% at $5,081.52 an ounce by 9:37 a.m. ET, after briefly slipping below $5,000. The move came as the dollar strengthened following President Donald Trump’s announcement of Kevin Warsh as his nominee to lead the Federal Reserve. “The triggers could be a combination of factors,” said Suki Cooper, Standard Chartered’s global head of commodities research. Joe Cavatoni from the World Gold Council added, “Gold is increasingly being viewed as a strategic portfolio allocation.” (Reuters)
The sell-off was widespread: the VanEck Gold Miners ETF dropped roughly 6.6%, Newmont tumbled 5.7%, and Kinross lost about 6.6%.
Vancouver-based B2Gold runs mines in Canada, Mali, Namibia, and the Philippines. The company plans to report its fourth-quarter and full-year 2025 results after North American markets close on Feb. 18, with a conference call scheduled for Feb. 19, it said. (GlobeNewswire)
For B2Gold, the focus is shifting from the gold price itself to the impact on margins if the metal continues to fall. Investors are zeroing in on management’s guidance—especially production and cost forecasts—and how those figures compare to current market expectations.
That same volatility lifting miners this month could just as easily swing the other way. If bullion takes a sharper hit or cost forecasts turn cautious, BTG could face continued pressure—even if the wider market holds steady.
B2Gold is set to report results on Feb. 18, marking the next major catalyst. Until then, traders are focused on whether gold can maintain the $5,000 level through month-end and if miners will see a return of risk appetite.
