9 Best Canadian Gold Stocks to Buy Right Now

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6. Aris Mining Corporation (NYSE:ARIS)

Number of Hedge Fund Holders: 28

Aris Mining Corporation (NYSE:ARIS) is one of the best Canadian gold stocks to buy right now. On May 6, Aris Mining reported record financial results for Q1 2026, highlighted by $364 million in gold revenue and adjusted net earnings of $124 million ($0.60 per share). Gold production rose to 74.3 thousand ounces, a 6% increase from the previous quarter, driven by the Segovia Operations and the Marmato Mine. The company strengthened its balance sheet significantly, ending the quarter with $472 million in cash and reducing its net debt to near zero.

Operations at Segovia saw a 5% production increase to 66.6 thousand ounces, benefiting from higher mill feed grades and owner-operated mining costs of $1,492 per ounce, which outperformed annual guidance. At Marmato, production rose 16%, and construction of the new 5,000 tonnes per day CIP plant remains on schedule for first gold in Q4 2026. A major milestone was achieved in April with the underground decline breakthrough, providing direct access to the new plant infrastructure.

Aris Mining Corporation (NYSE:ARIS) is also advancing its growth pipeline toward a long-term goal of 1 million annual ounces of gold production. The Toroparu Project in Guyana is undergoing a prefeasibility study targeted for completion in H2 2026, with a construction decision expected in early 2027. Meanwhile, at the Soto Norte Project in Colombia, the company is finalizing studies for an environmental license application to be submitted in Q2 2026, using a collaborative approach with local regulators and community miners.

Aris Mining Corporation (NYSE:ARIS) operates, develops, and explores gold, silver, and copper projects across Canada, Colombia, and Guyana.

While we acknowledge the potential of ARIS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ARIS and that has 100x upside potential, check out our report about the cheapest AI stock.

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