Is Equinox (EQX) One of the Best Canadian Gold Stocks to Buy Right Now?

Equinox Gold Corp. (NYSEAMERICAN:EQX) is one of the best Canadian gold stocks to buy right now. On May 6, Equinox Gold reported a strong start to 2026, producing 197,628 ounces of gold and remaining on track to meet its annual guidance of 700,000 to 800,000 ounces. Financial performance was supported by an average realized gold price of $4,604 per ounce, resulting in $861.6 million in revenue from continuing operations and adjusted net income of $234.0 million. The company strengthened its balance sheet by completing the sale of its Brazil assets for ~$1 billion, allowing for the repayment of $988.6 million in debt and the initiation of a quarterly dividend program.

The company’s two primary Canadian assets, Greenstone and Valentine, successfully navigated severe winter conditions to contribute 87,402 ounces of production. At Greenstone, mill throughput frequently exceeded nameplate capacity, averaging 24,544 tonnes per day, while Valentine’s process plant operated at 90% capacity. These assets form the foundation of a long-life platform, with combined Canadian production estimated to average over 500,000 ounces annually through 2036.

Pixabay/Public Domain

Equinox Gold Corp. (NYSEAMERICAN:EQX) is advancing a robust organic growth pipeline that could add up to 500,000 ounces of additional annual production. Key initiatives include the Phase 2 expansion at Valentine to double mill throughput, ongoing environmental studies for Castle Mountain, and evaluation of expansion opportunities at Los Filos.

Equinox Gold Corp. (NYSEAMERICAN:EQX) is involved in the exploration, operation, acquisition, and development of mineral properties in the Americas. It mainly explores silver and gold deposits.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.