Monthly mining insights

Mining Stocks: May 2026

So, how did the heavy hitters of the mining sector do in May 2026?

Let’s see… Barrick, Teck, HudBay, and Agnico—all captured weekdays at 4 p.m. ET, priced in Canadian dollars. You’ll probably notice a ghost town on the 18th. Victoria Day long weekend. The markets took a breather. As for the month itself? It had a definite rhythm. A strong push early on, a bit of a mid-month wobble, and then a scramble to recover as we headed into the summer.

Barrick Gold

Barrick opened May at $52.75. It didn’t take long to heat up, climbing steadily to hit a monthly high of $64.40 on the 11th. That peak didn’t stick around, though. The price drifted back down into the mid-$50s by the 19th. It tried to rally after that, closing out the month at $58.90 on the 29th.

Teck Resources

Teck started at $79.04 and showed some real strength in the first half, pushing up to $91.80 by the 13th. Then came the pullback. It slipped down to $81.50 on the 19th. But Teck found its legs again in the final week, making a solid run back up to close at $91.19.

HudBay Minerals

HudBay had an interesting finish. It opened the month at $31.02 and climbed to $38.07 on the 13th. After the mid-month dip—which brought it down to $32.89 on the 19th—the stock really caught a bid. It surged in the final days, hitting its monthly high of $40.31 right on the 29th.

Agnico Eagle

Agnico followed the familiar pattern. Opening at $249.67, it peaked early at $270.23 on the 12th. The middle of the month wasn’t kind, with the price dropping to $238.35 on the 19th. It managed to claw some of that back, ending May at $253.48.

The Raw Data

That’s the story for May. A lot of ups and downs, but some strong finishes to close it out. For the daily breakdown, check out the full raw data post.

Raw data logs

May 2026 Raw Data

About This Data

This post provides a raw, monthly snapshot of pressures facing the Canadian mining sector. We track the market performance of key mining producers alongside equities in critical supply sectors—steel, energy, and power generation—to offer a neutral, ground-level view of industry dynamics. The data is compiled from Monday to Friday and published at the start of the following month.

Why These Metrics?

  • Input Sector Equities: Values serve as a market-based indicators for steel, fuel, and electricity costs critical to mining operations.
  • Sector Support: Equipment & industrial suppliers provide insight into capital expenditure and the operational health of the mining sector.
  • Producer Equities: The stock performance of major miners shows market valuation against these underlying input sector pressures.
  • Commodity Markets: Spot prices for metals reflect global demand and the revenue potential for mining operations.
  • Macro-Financial: The exchange rate between the Canadian and U.S. dollar is critical, as it directly impacts the revenue of Canadian mining companies, which typically sell their products in USD.

Macro-Financial

May$1CAD in USD
10.7366
40.7347
50.7344
60.7339
70.7334
80.7307
110.7317
120.7294
130.7298
140.7286
150.7272
18No Data
190.7269
200.7272
210.7255
220.7242
250.7244
260.7240
270.7230
280.7242
290.7247

Input Sector Equities

MayAlgomaSuncorTransAlta
16.5691.8316.94
46.4293.3017.15
56.5995.0517.20
66.9587.9117.45
77.1087.0517.45
87.0487.5817.49
117.0489.0817.48
126.8691.1517.26
136.8690.6017.46
147.0591.6917.78
157.1893.9917.63
18No DataNo DataNo Data
197.1395.8117.70
206.7993.3017.85
216.5193.3618.55
226.5393.0218.74
256.7090.2718.86
266.8690.5619.51
277.3788.5019.14
287.6887.2619.36
297.7886.1719.65

Mining Producer Equities

MayBARRICKTECKHUDBAYAGNICO
152.7579.0431.02249.67
452.1776.9429.64244.74
552.7679.0730.47243.20
656.7584.4432.78259.22
757.2083.1132.64256.56
859.0588.7534.27264.48
1164.4089.2334.89269.48
1262.8290.3737.19270.23
1361.5091.8038.07268.50
1459.2589.9237.43264.27
1555.8284.3634.35247.83
18No DataNo DataNo DataNo Data
1954.2881.5032.89238.35
2056.2384.0633.65244.83
2156.8886.9034.06244.94
2256.2186.5533.68242.94
2558.5790.8436.69254.03
2658.0690.0236.64249.60
2757.0890.4036.79242.09
2857.5591.3038.91245.50
2958.9091.1940.31253.48

⚠️ Barrick, Teck, HudBay, Agnico Stock in CAD
The above reflects the Toronto Stock Exchange’s closing prices.
It is not a pure gold, silver or base metal price indicator (influenced by market).
It is not financial advice—only raw data for your independent research.
For physical gold/silver & base metal prices, refer to spot and dealer data below.

Sector Support Equities

MayFinningToromont
199.40217.38
498.88217.80
597.68217.44
6100.71222.67
797.75217.29
897.47217.30
1197.58216.24
1296.57219.00
13104.97222.73
14103.17225.53
15102.24223.89
18No DataNo Data
1995.80219.92
2095.45214.79
2196.41214.55
22100.90222.66
25103.45225.57
26103.04223.87
27104.25225.98
28105.38226.83
29104.13227.39

Commodity Markets

MayGOLDSILVER
16,269.38102.22
46,155.5198.82
56,249.65100.38
66,407.16105.55
76,426.00108.05
86,448.11109.73
116,521.70119.02
126,461.98119.28
136,436.77120.09
146,381.31114.28
156,242.08104.29
186,293.19107.89
196,171.67101.82
206,250.38104.26
216,246.94105.39
226,231.42104.20
256,296.54107.12
266,240.00106.64
276,157.15103.01
286,196.34104.21
296,262.63103.70
MayCOPPERNICKELZINCLEAD
117,572.1526,130.314,543.192,641.34
417,421.7126,195.694,554.562,642.96
517,682.4626,369.044,591.172,676.59
618,058.7725,940.034,646.342,692.66
718,194.5225,632.704,631.942,710.99
818,353.2925,934.484,692.072,707.85
1118,663.8226,042.704,669.822,703.92
1218,778.5725,658.724,760.222,726.42
1319,121.2525,943.704,809.042,765.87
1419,165.5125,898.674,837.352,761.77
1518,761.5025,504.884,855.012,742.05
1818,598.7125,192.724,852.232,740.51
1918,438.5325,437.044,835.882,715.39
2018,484.3925,662.524,855.222,720.40
2118,378.4125,654.394,820.432,739.32
2218,610.3825,694.144,863.322,761.63
2518,592.8725,669.974,858.752,759.03
2618,689.0425,251.784,899.072,777.75
2718,719.6225,802.484,875.472,775.73
2818,453.0525,856.974,801.532,755.39
2918,821.0025,970.634,890.662,775.31

Physical Markets

MayG – 1 oz bar Dealer BuysG – 1 oz coin Dealer BuysG – 1 oz bar Dealer SellsG – 1 oz coin Dealer SellsS – 1 oz bar Dealer BuysS – 1 oz coin Dealer BuysS – 1 oz bar Dealer SellsS – 1 oz coin Dealer Sells
15,9546,1116,3876,41892.1798.31110.81109.27
45,8516,0056,2766,30789.0895.02107.10105.61
55,9326,0886,3636,39490.4796.50108.76107.25
66,0826,2426,5246,55695.23101.58114.49112.90
76,0956,2566,5386,57097.28103.77116.95115.33
86,1266,2876,5716,60398.89105.48118.89117.24
116,1916,3546,6416,673107.24114.39128.93127.14
126,1416,3026,5876,619107.43114.60129.16127.37
136,1136,2746,5576,589108.09115.30129.95128.15
146,0646,2246,5046,536103.19110.07124.06122.34
155,9346,0906,3656,39694.03100.30113.05111.48
185,9836,1406,4176,44997.26103.75116.93115.31
195,8756,0306,3026,33392.0498.18110.66109.12
205,9366,0926,3676,39893.85100.11112.83111.27
215,9286,0846,3586,38995.01101.35114.23112.64
225,9196,0746,3496,38093.99100.25112.99111.43
255,9856,1436,4206,45196.50102.93116.01114.40
265,9326,0886,3626,39496.13102.54115.57113.97
275,8476,0016,2726,30292.6898.86111.42109.88
285,8756,0306,3026,33393.86100.12112.84111.28
295,9546,1116,3866,41893.5299.75112.43110.87
Sources:

Bank of Canada
Investing.com
KITCO
Canada Gold – Ottawa

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