New York, Jan 31, 2026, 06:38 (ET) — Market closed
- B2Gold plunged sharply in the final session, mirroring a sudden gold sell-off.
- The selloff quickly hit gold miners as traders scrambled to reduce their exposure.
- Focus is turning to B2Gold’s mid-February results and its outlook for 2026.
Shares of U.S.-listed B2Gold Corp (BTG) dropped 11.7% to close at $4.90 on Friday, Jan. 30, after finishing the previous day at $5.55. The stock fluctuated between $5.25 and $4.81 during the session, with roughly 87.1 million shares traded. (Yahoo Finance)
Spot gold — the price for immediate delivery — plunged 12.6% on Friday, heading for its largest one-day percentage drop, after the dollar strengthened following reports that Donald Trump picked Kevin Warsh to lead the Federal Reserve once Jerome Powell’s term wraps up in May, according to Reuters. (Reuters)
That’s crucial for miners, whose earnings often fluctuate more sharply than the price of the metal itself. When bullion shifts suddenly, mining stocks typically react based on how it affects their margins, cash flow, and leverage.
Sell-offs hit across the board. The VanEck Gold Miners ETF plunged 12.7% Friday. Newmont lost 11.5%, and Kinross Gold tumbled 13.9%, according to trading data.
Jeff deGraaf, chairman and head of technical research at Renaissance Macro Research, called the precious-metals sell-off a sharp reminder that “parabolic moves have hair triggers,” according to Investopedia. (Investopedia)
B2Gold, the Vancouver-based gold producer with mines across Canada, Mali, Namibia, and the Philippines, plans to report its Q4 and full-year 2025 results along with 2026 guidance after North American markets close on Feb. 18, the company announced. Management will hold a conference call to discuss the figures on Feb. 19. (SEC)
The selloff came following a solid rally. BTG shares climbed roughly 23% in the last month before Friday’s drop, according to a note from Nasdaq. (Nasdaq)
Investors now face a key question: will bullion’s sudden plunge hold steady or trigger a sharper slide? With gold’s swings expected to continue, guidance will play an outsized role. Miners’ profit margins can shift fast, reacting sharply to price changes and operating expenses.
A clearer downside risk also exists: a further drop in gold prices would probably weigh on the sector, particularly where positions grew during the rally. If companies revise output or cost forecasts downward, it could accelerate the decline.
As U.S. markets remain closed over the weekend, eyes will turn to gold and the dollar once trading kicks off again Monday, Feb. 2. BTG’s next major event comes with its Feb. 18 earnings release and 2026 outlook.
