Boreal Data - A Ground Truth for Mining in Canada

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.

Mining data visuals

Silver in Focus: January 2026

Here is the quick rundown for silver spot prices in January, captured weekdays at 8 p.m. ET in Canadian dollars per ounce.

Silver opened at $99.92 on the 2nd and rallied consistently throughout the month. The momentum built toward the end of January, culminating in a peak of $159.46 on the 28th. The month ended on a volatile note, however, with the price dropping sharply to close at $115.98 on the 30th.

More information can be found here.

Monthly mining insights

Gold and Silver: January 2026

In terms of the precious metals sector for January 2026, it was quite a month for gold and silver. Both had some notable movements in the spot prices. As always, these figures were captured weekdays at 8 p.m. ET, priced in Canadian dollars per ounce.

Gold

Gold started the year on a relatively quiet note. On January 2nd, the spot price sat at $5,945.72. However, that calm didn’t last long. The metal began a steady ascent right out of the gates. By January 12th, it had already crossed the $6,300 mark. The momentum continued to build throughout the month. Gold hit a significant stride around the 22nd, surging to $6,842.16. But the real action happened in the final week. On January 28th, gold hit its absolute peak for the month at a staggering $7,463.54. It was a volatile finish, though. Just two days later, on the 30th, the price pulled back sharply to close the month at $6,659.61.

Silver

Silver followed a similar upward trend, though with its own distinct character. It opened the month at $99.92 on the 2nd. There were some early fluctuations, but the overall direction was clearly up. By mid-month, silver was trading comfortably above $120. The rally intensified as January progressed. Like gold, silver saw its strongest performance late in the month. It peaked on January 27th at $154.63, showing incredible strength before dipping slightly the next day to $159.46—wait, that’s actually a dip? No, looking at the data, the 28th saw it hit $159.46, which is the high. My apologies, it peaked on the 28th. After that high-water mark, silver experienced a steep drop-off, closing out the month on the 30th at $115.98.

The Raw Data

That wraps up the precious metals for January. It was a month defined by powerful rallies and a dramatic end to the trading period. If you want to review the specific daily numbers, make sure to check out the full raw data post for January.