4 Gold Stocks Paying Big Dividends

Do you like gold but are tired of sitting on what seems like dead money? Here's a few gold stocks with a ‘decent' payout to its shareholders despite declining gold prices during the past four years. Unless the price of gold starts trending back up soon, though, there's a risk that these dividends will get cut.

Sibanye Gold Ltd. SBGL:

This South-African focused gold producer has the highest dividend in its industry, with a current yield of 6.7%. Much of this can be attributed to the 43% slide in its stock price since closing at a 52-week high of $11.35 on February 2, 2015. Labor troubles in South Africa have weighed on its share price for sure, yet the company has committed 25%-35% of its normalized earnings as dividends and doesn't foresee a change in this policy. Sibanye continues to operate profitably given that it was able to produce gold at all-in sustaining costs of US$1,080 an ounce in 2014 while generating cash from operations of $659 million for the year.

Gold Resource Corporation. GORO:

Gold Resource is a profitable producer from its gold mine in Mexico. During Q1 2015, the company was able to mine gold at all-in sustaining costs of US$995 an ounce. Its stock has a current yield of over 4% but its share price is trading near its seven-year low. Investors even have the option of receiving physical gold or silver instead of cash. Gold Resource reported its fourth consecutive year of profitability in 2014 and been paying a dividend every month since July 2010. The company also has just 54 million common shares outstanding and hasn't issued any new equity since August 2010. Click here to continue reading about the 4 gold stocks paying big dividends...