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.

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 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.

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