Monthly mining insights

Producer Equities: March 2026

March 2026 was certainly a volatile month for the mining sector. We track four major players—Barrick, Teck, HudBay, and Agnico—capture their closing prices weekdays at 4 p.m. ET in Canadian dollars. Let’s just say those weeks were a bit of a rollercoaster, with a pronounced dip in the middle of the month followed by a late recovery.

Barrick Gold

Barrick opened the month strong at $69.17 on March 2nd. However, the first three weeks saw a steady erosion in price. The stock tumbled significantly mid-month, hitting a low of $50.96 on March 20th. That was a rough patch. But the final week brought some relief, with the price bouncing back to close the month at $56.85 on the 31st.

Teck Resources

Teck followed a similar trajectory. It started March at $78.49 but faced headwinds early on. The slide continued through the middle of the month, with the share price bottoming out at $62.24 on March 20th. Like its peers, Teck managed to recover some ground in the final stretch, ending the month at $71.74.

HudBay Minerals

HudBay saw some of the sharpest swings relative to its price. Opening at $36.56, the stock drifted downward for most of the month. The low point came on March 20th, when shares touched $24.75. The rebound was spirited, though. By March 31st, HudBay had climbed back to $29.13.

Agnico Eagle

Agnico Eagle, trading at a higher price point, mirrored the sector’s volatility. It began the month at $344.78. The selling pressure was evident, pushing the stock down to a monthly low of $248.30 on the 20th. That’s a significant drop. However, buyers stepped back in late in the month, lifting the price to $282.37 by the closing bell on the 31st.

The Raw Data

That wraps up the mining stock activity for March. It was a month defined by a broad mid-month sell-off and a subsequent rally. If you want to dig into the specific daily closing figures, head over to the full raw data post for March.

Monthly mining insights

Spot vs. Dealer: Real Cost of Buying and Selling in February 2026

The following is not really about mining per se but it can be considered interesting…

Spot prices can be thought of as theoretical. If you walk into a dealer with an ounce of gold, you’re not getting spot. And if you want to buy one? You’re paying a premium. Here’s the breakdown of those dollar differences for February 2026.

Gold: The Buy-Side Gap

When selling a 1 oz gold bar to a dealer, the gap was substantial. On February 2nd, spot gold sat at $6,530.20, but dealers were buying bars at $6,211. That’s a difference of $319.20 you’d leave on the table. The gap fluctuated throughout the month. On the 16th, it narrowed slightly to $313.97—the smallest spread. But by the 27th, with spot at $7,201.84 and dealers buying at $6,832, the gap had widened to $369.84.

Gold: The Sell-Side Premium

Buying from a dealer tells a different story. On February 2nd, the premium over spot was relatively modest—just $72.80. Dealers were selling at $6,603 while spot was $6,530.20. But that premium wasn’t consistent. On February 16th, the sell premium spiked to $192.03. By month’s end, it had tightened again to $126.16 on the 27th.

Silver: A Wider Relative Spread

Silver showed even more dramatic spreads on a percentage basis. On February 5th—the day silver spot crashed to $95.45—dealers were buying bars at just $86.43. That’s an $9.02 gap, but percentage-wise, it’s nearly 9.5% below spot. On the selling side that same day, dealers wanted $103.90, an $8.45 premium over spot.

Throughout the month, the silver buy-side gap ranged from $8.34 on the 16th to $12.67 on the 27th. The sell premium hovered between $7.52 and $10.76.

What This Means

For gold in February, dealers typically paid between $313 and $370 less than spot when buying, while charging $72 to $192 over spot when selling. That’s a total spread ranging from roughly $400 to $550 per ounce.

For silver, the absolute numbers look smaller—gaps of $8 to $13 on buys, premiums of $7 to $11 on sells. But proportionally, that’s a much bigger bite. The total spread on silver often exceeded $20 per ounce on a metal trading around $100 to $128.

The Raw Data

The spreads tell the real story of what it costs to participate in the physical market. For the complete daily breakdown, check out the full raw data post for February.

Monthly mining insights

Precious Metals Dealer Prices: February 2026

Now for something a little different. While spot prices give us the theoretical market value, dealer prices tell us what’s actually happening on the ground—what buyers pay and what sellers receive. Here’s a look at the buy and sell prices for 1 oz gold and silver bars and coins throughout February 2026, all in Canadian dollars.

Gold Bars

For 1 oz gold bars, the spread between what dealers pay and what they charge remained fairly consistent. Dealer buy prices opened at $6,211 on February 2nd. There was a dip early in the month—the 5th saw the low point at $6,193—but things picked up from there. By month’s end, dealers were buying at $6,832 on the 27th. On the selling side, prices started at $6,603 and climbed steadily. The high water mark came on the 23rd, with dealers asking $7,334 for a 1 oz bar.

Gold Coins

Gold coins carried a slight premium, as you’d expect. Dealer buy prices for coins ranged from a low of $6,356 on the 5th to a high of $7,011 on the 27th. Selling prices followed a similar pattern, opening at $6,642 and peaking at $7,370 on the 23rd. The coin premium was typically in the $30-$40 range over bars on the sell side.

Silver Bars

Silver saw some real volatility this month. Dealer buy prices for 1 oz bars dropped dramatically on February 5th to just $86.43. That was the low point. From there, it was a slow recovery, with buy prices climbing to $115.13 by the 27th. Sell prices told a similar story—dropping to $103.90 on the 5th, then rallying to hit $138.41 on the 27th. That’s a pretty wide swing in just a few weeks.

Silver Coins

The coin market for silver mirrored the bar market, though with the usual premiums intact. Buy prices bottomed out at $94.88 on the 5th and reached $122.80 by month’s end. Sell prices ranged from $104.29 at their lowest to $136.49 at their highest. Interestingly, there were a couple of days where bar sell prices actually exceeded coin prices—the 26th and 27th show bars commanding a slight premium.

The Raw Data

That’s the dealer landscape for February. The spreads between buy and sell prices offer a real-world glimpse into the precious metals market beyond just spot prices. For the complete breakdown of daily figures, check out the full raw data post for February.