Unable to trace in mingw

[jeremy-rifkin]

I have mingw-w64 and libbfd installed in msys2. When I try to do a simple stacktrace with -DBACKWARD_HAS_BFD=1 I get this

Stack trace (most recent call last):
The specified module could not be found.

#1    Object "", at 0x9200000000, in  ??
Attempt to access invalid address.

#0    Object "", at 0x7ff682df8eb5, in  ??

Is there a way to get traces working in mingw?