New York, February 1, 2026, 05:34 (EST) — Market closed.
- B2Gold shares plunged on Jan. 30 amid a steep sell-off in precious metals heading into month-end.
- Gold and silver plunged, marking their sharpest decline in decades following the Fed chair announcement, which shook up market bets.
- Investors are eyeing bullion’s next move, along with B2Gold’s results on Feb. 18 and its guidance for 2026.
B2Gold Corp shares dropped 11.7% on Friday to close at $4.90, following a steep pullback in precious metals. The stock had surged roughly 23% in the previous month before the decline.
Gold dropped sharply after Donald Trump picked Kevin Warsh to replace Jerome Powell at the Federal Reserve in May. Spot gold — the cash price — tumbled 9.5% to $4,883.62 an ounce. U.S. gold futures for February delivery plunged 11.4%, closing at $4,745.10. Silver took an even bigger hit, plunging 27.7% to $83.99. Suki Cooper from Standard Chartered described the move as a market “due for a correction,” while Nicky Shiels at MKS PAMP SA labeled January “the most volatile month in precious metals history.” Reuters
Miners tumbled alongside it. The S&P/TSX Composite Index slid 3.3%, while the gold sector plunged 11.8% on Friday as spot gold dipped under $5,000. “The catalyst today was the stronger U.S. dollar,” said Angelo Kourkafas, senior global strategist at Edward Jones. Reuters
In the U.S., the VanEck Gold Miners ETF — which follows large gold producers — tumbled 12.8% on Friday. SPDR Gold Shares also took a hit, sliding 10.3%, on trading volumes that were unusually high. Top holdings include Newmont and Agnico Eagle Mines.
Vancouver-based B2Gold plans to release its fourth-quarter and full-year 2025 results after markets close on Feb. 18, followed by a conference call on Feb. 19. The company runs mines across Canada, Mali, Namibia, and the Philippines.
U.S. markets were closed Sunday, leaving investors to wonder if Friday’s sell-off was just a brief dip or the beginning of a more significant pullback when trading resumes Monday.
Miners are watching the $5,000 mark in spot gold closely. A bounce from here might lure buyers back, but slipping below it could trigger yet another wave of de-risking.
Downside risks are still on the table. If gold prices stay depressed for an extended period, it would hit cash flow hard across producers. B2Gold’s next guidance might disappoint, especially if it signals rising costs or falling output at major mines.
Traders are eyeing the U.S. dollar and rate expectations, both key to metals pricing by affecting the cost of holding non-yielding assets. Any fresh moves in the Fed’s transition could swiftly impact gold and miner stocks.
The real test arrives when U.S. equities reopen Monday, Feb. 2. After that, B2Gold faces its next major checkpoint with results due Feb. 18, followed by a conference call on Feb. 19. Investors will be tuning in closely for guidance on 2026 production and costs.
