Boreal Data - A Ground Truth for Mining in Canada

March 2026 Raw Data

About This Data

This post provides a raw, monthly snapshot of key indicators for the Canadian mining sector. We track commodity prices, major producer stock prices, currency data, and sector support equities to offer a neutral, on-the-ground perspective. The data is compiled from Monday to Friday and published at the start of the following month to give a clear view of market activity over that period.

Why These Metrics?

Commodity Prices: Spot prices for gold, silver, copper, nickel, zinc, and lead reflect global supply and demand, investor sentiment, and the health of the broader economy.
Producer Stocks: We track major producers across gold and base metals to gauge the market’s valuation of key industry players.
Sector Support: We track leading equipment and industrial suppliers to provide insight into capital expenditure and the operational health of the mining sector.
Dealer Prices: Gold and silver dealer prices provide insight into the physical retail market, showing what investors are paying to hold the actual metals.
FOREX (CAD/USD): 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.

FOREX CAD / USD

March	$1.00 CAD	USD
2		0.7306
3		0.7308
4		0.7319
5		0.7312
6		0.7346
9		0.7367
10		0.7371
11		0.7360
12		0.7344
13		0.7291
16		0.7313
17		0.7300
18		0.7296
19		0.7284
20		0.7290
23		0.7290
24		0.7290
25		0.7246
26		0.7223
27		0.7207
30		0.7181
31		0.7174

Barrick, Teck, HudBay, Agnico Stock CAD

March	BARRICK	TECK	HUDBAY	AGNICO
2	69.17	78.49	36.56	344.78
3	63.30	75.73	34.10	320.47
4	63.85	76.32	33.83	318.15
5	62.01	74.16	31.48	303.00
6	61.73	69.85	30.28	300.11
9	62.27	69.52	30.55	305.64
10	62.65	72.05	31.26	308.43
11	61.73	75.03	30.56	302.51
12	60.64	71.50	29.74	297.69
13	58.09	68.43	28.42	284.98
16	58.91	68.96	28.90	287.22
17	58.65	68.79	29.05	287.05
18	55.45	67.51	27.25	268.76
19	51.15	65.23	25.58	253.41
20	50.96	62.24	24.75	248.30
23	51.68	66.56	25.83	252.12
24	52.43	67.17	26.03	252.57
25	53.92	70.14	27.67	265.81
26	51.91	67.28	26.05	260.02
27	53.43	67.33	27.01	268.22
30	53.50	67.23	26.53	266.85
31	56.85	71.74	29.13	282.37

⚠️ 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

March	Finning	Toromont
2	97.96	213.79
3	93.34	210.32
4	93.15	207.06
5	88.75	204.27
6	87.62	199.61
9	88.44	200.32
10	89.80	201.68
11	89.66	201.79
12	89.74	196.69
13	89.66	197.65
16	90.05	199.80
17	91.10	199.80
18	88.66	196.20
19	82.95	192.66
20	80.65	190.06
23	86.46	195.90
24	87.16	194.32
25	88.10	193.77
26	86.50	190.54
27	85.35	189.99
30	83.63	189.96
31	86.08	194.76

CAD Spot Gold Silver

March	GOLD	SILVER
2	7,314.53	123.95
3	7,031.17	113.80
4	7,053.45	114.67
5	6,947.37	112.29
6	7,017.63	114.44
9	6,985.25	118.68
10	7,057.92	119.93
11	6,984.38	114.89
12	6,950.05	114.41
13	6,883.03	110.35
16	6,860.38	110.83
17	6,849.13	108.31
18	6,641.11	104.05
19	6,376.78	99.46
20	6,163.47	92.91
23	6,093.42	95.49
24	6,253.60	100.18
25	6,212.62	97.46
26	6,103.10	94.99
27	6,242.80	96.74
30	6,281.89	97.21
31	6,533.97	104.24

Base Metals

March	COPPER	NICKEL	ZINC	LEAD
2	18,202.84	23,700.20	4,564.01	2,636.32
3	17,602.75	23,279.80	4,558.62	2,651.19
4	17,722.59	23,686.04	4,539.92	2,617.03
5	17,484.22	23,686.04	4,461.69	2,591.44
6	17,306.71	23,284.20	4,403.75	2,585.86
9	17,382.53	23,430.54	4,453.94	2,566.37
10	17,620.83	23,581.23	4,516.04	2,566.10
11	17,289.40	23,691.68	4,459.99	2,573.70
12	17,533.36	23,696.36	4,455.74	2,578.28
13	17,573.51	23,357.67	4,462.87	2,560.83
16	17,539.88	23,708.82	4,435.39	2,562.44
17	17,387.77	23,379.00	4,369.43	2,588.11
18	16,978.02	23,333.41	4,271.91	2,562.67
19	16,298.48	22,359.43	4,168.57	2,519.32
20	16,348.24	22,952.97	4,165.16	2,543.00
23	16,546.93	22,820.68	4,189.12	2,565.19
24	16,463.86	23,165.77	4,177.16	2,553.72
25	16,636.52	23,521.50	4,170.65	2,578.96
26	16,642.49	23,620.22	4,264.29	2,558.81
27	16,804.45	23,648.41	4,286.68	2,579.51
30	16,915.19	23,781.04	4,342.41	2,600.71
31	16,829.49	23,446.26	4,437.35	2,592.63

Dealer Prices

March	G – 1 oz bar Dealer Buys	G – 1 oz coin Dealer Buys	G – 1 oz bar Dealer Sells	G – 1 oz coin Dealer Sells	S – 1 oz bar Dealer Buys	S – 1 oz coin Dealer Buys	S – 1 oz bar Dealer Sells	S – 1 oz coin Dealer Sells
2	6,947	7,130	7,452	7,488	111.74	119.18	134.33	132.47
3	6,669	6,845	7,154	7,189	102.34	109.16	123.03	121.33
4	6,706	6,882	7,193	7,228	103.36	110.25	124.26	122.53
5	6,594	6,768	7,073	7,108	101.30	108.05	121.78	120.09
6	6,674	6,849	7,158	7,193	103.13	110.01	123.99	122.27
9	6,628	6,802	7,109	7,144	106.92	114.05	128.54	126.76
10	6,712	6,888	7,199	7,234	108.05	115.26	129.90	128.10
11	6,659	6,834	7,142	7,177	104.11	111.05	125.17	123.43
12	6,604	6,778	7,084	7,118	103.34	110.23	124.24	122.51
13	6,559	6,732	7,036	7,070	99.76	106.41	119.93	118.27
16	6,511	6,682	6,984	7,018	99.98	106.65	120.20	118.53
17	6,505	6,677	6,978	7,012	97.54	104.04	117.27	115.64
18	6,302	6,468	6,760	6,793	94.12	100.40	113.16	111.59
19	6,044	6,203	6,483	6,515	89.36	95.32	107.43	105.94
20	5,865	6,019	6,291	6,321	83.88	89.47	100.84	99.44
23	5,795	5,948	6,216	6,246	86.06	91.80	103.46	102.03
24	5,934	6,090	6,365	6,396	90.14	96.15	108.37	106.87
25	5,906	6,061	6,335	6,366	87.73	93.58	105.47	104.01
26	5,795	5,947	6,216	6,246	85.72	91.43	103.05	101.62
27	5,939	6,096	6,371	6,402	87.19	93.00	104.82	103.37
30	5,967	6,124	6,400	6,432	87.56	93.40	105.27	103.81
31	6,203	6,366	6,653	6,686	93.96	100.22	112.96	111.39

Sources:

Bank of Canada
Investing.com
KITCO
Canada Gold – Ottawa

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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.