Monthly mining insights

Gold and Silver: February 2026

OK – let’s dig into the precious metals data for February 2026. The month brought some interesting twists and turns for both gold and silver. As always, these spot prices were captured weekdays at 8 p.m. ET, expressed in Canadian dollars per ounce.

Gold

Gold opened the month at $6,530.20 on February 2nd. The first week saw some back-and-forth action—the price jumped to $6,843.72 on the 3rd, then dipped to a monthly low of $6,524.22 on the 5th. That turned out to be the floor for the month.

From there, gold began a more measured climb. There were some wobbles around mid-February, with the price touching $6,652.10 on the 17th. But the latter half of the month told a different story. Gold rallied strongly, breaking above $7,000 and hitting its peak on the final trading day, February 27th, at $7,201.84. A solid finish to the month.

Silver

Silver had a wilder ride. It started at $112.03 on the 2nd and even climbed to $122.25 by the 4th. Then came the real volatility. On February 5th, silver took a sharp nosedive, dropping all the way down to $95.45. That was the low water mark for the entire month.

It took some time to recover, drifting through the mid-$90s and low $100s for a while—hitting $98.85 on the 17th. But silver found its footing in the final stretch. The price pushed steadily upward in the last week, closing out the month at $127.80 on February 27th, which also happened to be its high for February.

The Raw Data

That’s the month in review for the precious metals. Both gold and silver saw their share of volatility, but managed to finish on a high note. If you want to examine the daily figures in detail, head over to the full raw data post for February.

Monthly mining insights

A Look Back at Base Metals: January 2026

Alright, let’s dig into the numbers. The first month of 2026 is in the books, and the base metals sector kept things interesting. We’ve captured the weekday spot prices—Monday through Friday at 8 p.m. ET—all in Canadian dollars per metric tonne. It’s a mixed bag out there, with some metals climbing steadily and others taking a bit of a winding path.

Copper

Copper started the month on the back foot, opening at $17,200.47 on January 2nd. It didn’t stay down for long, though. We saw a solid push as the month progressed, hitting a high of $18,489.00 on the 14th. That peak stood out, but the price cooled off slightly in the latter half of the month. By the time we closed out on January 30th, copper had settled at $17,993.23, still holding onto most of those gains despite the late retreat.

Nickel

If you like volatility, nickel was the metal to watch this January. It kicked off at $22,633.47 and wasted no time making a move upward. The metal surged mid-month, peaking at $25,588.26 on the 9th. That wasn’t the end of the drama, though; prices pulled back significantly around the 16th, dropping to $23,905.60. It tried to mount a comeback in the following weeks, hovering in the mid-$24,000 range, but ultimately ended January at $23,960.40.

Zinc

Zinc showed a bit more discipline, trending upward for most of the month. Beginning at $4,231.28, the price gradually gained ground. There were the usual daily fluctuations, of course, but the trajectory was clearly positive. The momentum paid off by month’s end, with zinc reaching its pinnacle of $4,658.23 on the 29th. It slipped just a touch on the final day to $4,616.84, but that’s still a strong finish compared to where it started.

Lead

Lead was a bit of a grind. It opened at $2,689.12 and spent the first half of January slowly climbing the ladder. It hit its stride mid-month, topping out at $2,845.69 on the 15th. However, that high water mark proved elusive as the calendar turned toward February. The price drifted lower in the final week, erasing those gains to close at $2,663.26 on the 30th.

The Raw Data

That’s the snapshot for January’s base metals. It’s always fascinating to see how these markets move day-to-day. If you want to get into the weeds and see the exact figures for every single trading day, make sure to check out the full raw data post for January.

Monthly mining insights

Mining Stocks in Focus: January 2026

Let’s take a look at how three major mining stocks fared this January. The data here reflects the closing prices on the TSX, captured weekdays in Canadian dollars per share. It was a busy month for Barrick Gold, Teck Resources, and First Quantum Minerals, each carving out their own path through the market.

Barrick

Barrick started the month on a strong note, with the first available data point showing the stock at $60.52 on January 2nd. From there, it was largely an upward trend. The stock climbed steadily through the first few weeks, gathering momentum and hitting its stride mid-month. We saw the peak for January on the 28th, with Barrick closing at $71.86. However, the very last day of trading brought a sharp reversal. On January 30th, the price dropped significantly to close the month at $61.95.

Teck

Teck Resources had a notably bullish run throughout January. Opening at $65.57 on the 2nd, the stock experienced consistent growth. There were some minor dips along the way—like on the 13th and again around the 20th—but the overall trajectory was distinctly upward. Teck saved its best performance for the end of the month, hitting a high of $80.19 on January 29th. It pulled back slightly on the final day, but still managed to close at a robust $73.34.

First Quantum Minerals

First Quantum Minerals showed some resilience this month, bouncing back from an early dip. The stock opened at $37.29 on the 2nd, slid down to $38.15 on the 7th, but then spent the rest of the month climbing. It hit its first significant high of $41.35 mid-month on the 14th. After some fluctuation, it rallied again late in the month, topping out at $41.91 on the 27th. The closing days were a bit rockier, though, with the stock dropping back to $38.49 by the 30th.

The Raw Data

That covers the movement for these three mining players in January. It was a month defined by strong climbs and some late-month volatility. If you want to review the specific closing numbers for every trading day, you can find the complete dataset in the full raw data post for January.