New York, Jan 28, 2026, 12:49 ET — Regular session
- BTG climbed roughly 3% in midday U.S. trading as gold prices surged anew.
- Spot gold hit an all-time high of $5,311 an ounce as investors awaited the Fed’s decision set for later Wednesday.
- Scotiabank raised its price target for B2Gold; all eyes now turn to the company’s Feb. 18 earnings and 2026 outlook.
B2Gold Corp’s shares on the U.S. market jumped almost 3% Wednesday, buoyed by a fresh peak in gold prices boosting mining stocks. The stock rose around 16 cents to $5.70, with roughly 27.5 million shares changing hands.
Gold surged past $5,300 an ounce for the first time, hitting a new peak as the dollar weakened and investors sought safe havens ahead of the Federal Reserve’s 2 p.m. ET policy announcement. Spot gold climbed roughly 1.7% to around $5,278 after reaching $5,311. “The rally … has kind of taken on a life of its own,” said Peter Grant, vice president and senior metals strategist at Zaner Metals. (Reuters)
Buying interest spread throughout the sector. The VanEck Gold Miners ETF climbed roughly 1.5%, Newmont jumped around 3%, and Agnico Eagle added about 2.7%. Kinross edged up modestly.
B2Gold received a boost after metals prices climbed, supported by analyst updates. Scotiabank lifted its price target on the stock to C$10 from C$8 but maintained a “Sector Perform” rating, which is essentially a hold, TheFly reported. (TipRanks)
Miners tend to swing wider than the metal itself, since revenue shifts with gold prices daily, but many costs lag behind. That leverage works both ways—and it hits stocks like BTG quickly.
B2Gold, based in Vancouver, runs gold mines across Canada, Mali, Namibia, and the Philippines, according to the company. (B2Gold)
Producers care about the macro mix since gold trades globally in dollars, yet many costs are paid in other currencies. A softer dollar can boost reported margins but also clouds short-term cost comparisons.
The rally has been sharp, but miners could reverse sharply if safe-haven demand wanes or if rates and the dollar shift. “Rallies normally end because the drivers … dissipate — and that’s just not the case,” said Michael Widmer, commodities strategist at Bank of America, in a note on Tuesday. (Reuters)
Company execution remains crucial beyond just the metal itself: any setback in output, rising costs, or operational issues can easily overshadow a favorable gold price environment.
BTG faces a key event on Feb. 18, when B2Gold will release its fourth-quarter and full-year results along with 2026 guidance after the North American market closes. The company also plans a conference call for Feb. 19, it announced. (Globenewswire)
