5 Best Gold Mining Companies to Buy With High Upside Potential

In this article, we will list the 5 Best Gold Mining Companies to Buy With High Upside Potential. Please visit 9 Best Gold Mining Companies to Buy With High Upside Potential if you would like to see the extended list and the methodology behind it.

5. Equinox Gold Corp. (NYSEAMERICAN:EQX)

Stock Upside Potential: 40.10%

Number of Hedge Fund Holders: 37

Equinox Gold Corp (NYSEAMERICAN:EQX) is one of the best gold mining companies to buy with high upside potential. On March 30, Equinox Gold Corp (NYSEAMERICAN:EQX) reiterated that it remains focused on ramping up and achieving sustained nameplate milling capacity of 27,000 tons per day at the Greenstone Gold Mine in Ontario, Canada.

Achieving a milling capacity of 27,000 tons per day will establish Greenstone as a cornerstone within the vast portfolio. Achieving stable nameplate performance would open the door to further increases in mill throughput to 30,000 tonnes per day while incorporating higher-grade underground resources.

At the Valentine Gold Mine project in Newfoundland & Labrador, Canada, the company is proceeding with Phase 2 expansion, scheduled for completion in the second half of 2028. The expansion will increase throughput to 13,700 tons per day and annual gold production to an average of 223,000 ounces per day over the next ten years.

Equinox also remains focused on unlocking additional value through the growth and enhancement of Mineral Reserves and Mineral Resources, supported by a $70 to $80 million exploration budget in 2026.

Equinox Gold Corp. (NYSEAMERICAN:EQX) is a Canadian-based mining company focused on acquiring, exploring, developing, and operating gold mines in the Americas (Canada, USA, Mexico, and Brazil). The company produces and sells gold, aiming to be a premier producer with significant growth projects, including the Greenstone mine.