Gold has always held a unique allure as a safe-haven asset that is often sought after in times of economic uncertainty.
But investors seeking the safety of gold can also enjoy a steady income stream from dividend-paying mining stocks.
Today, I'm going to tell you about four gold mining stocks that are currently offering a dividend yield of 4% or more.
The first is one of the largest gold mining companies in the world.
Newmont Mining (NYSE: NEM) One Year
As the world's leading gold company, Newmont Mining has established its position as a major player in the mining industry. You'll Never Be On The Inside!
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Beyond gold, the company produces copper, silver, zinc, and lead, diversifying its resource base. With mining assets in favorable jurisdictions across North America, South America, Australia, and Africa, Newmont enjoys a globally diversified portfolio. The company's commitment to environmental, social, and governance practices has also earned it recognition for responsible mining operations.
In 2022, Newmont produced an impressive 6.0 million ounces of gold along with 1.3 million gold-equivalent ounces from other metals. The company's dividend yield is currently at 4.02%.
Caledonia Mining (NYSEAMERICAN: CMCL) One Year
Caledonia Mining is a Great Britain-based gold producer and explorer focused on two countries: Zimbabwe and South Africa.
With a controlling interest in the Blanket mine in Zimbabwe, the company has a solid foothold in the gold mining sector. Additionally, Caledonia Mining owns exploration projects and deposits in the region, further enhancing its growth potential.
In the past year, Caledonia Mining produced 80,775 ounces of gold from its Blanket mine operations. With a dividend yield of 5.1%, the company presents an opportunity for investors seeking exposure to gold production in Africa.
B2Gold (NYSEAMERICAN: BTG) One Year
With a strategic focus on low-cost gold production, B2Gold has positioned itself as an international senior gold producer. Operating mines in Mali, Namibia, and the Philippines, the company's global presence allows for diverse revenue streams. Its commitment to responsible mining is underscored by its active engagement in multiple exploration and development projects worldwide.
For the year 2023, B2Gold forecasts gold production between 1 million and 1.08 million ounces. Offering a dividend yield of 5.23%, the company's stock presents an opportunity for investors attracted to its operational efficiency and growth prospects.
Sibanye-Stillwater (NYSE: SBSW) One Year
Sibanye-Stillwater is not really a "gold miner" but rather a multinational mining and metals processing group with a varied portfolio of mineral projects. The company is primarily recognized for its role in production and recycling of platinum group metal (PGM) autocatalysts. However, the company also holds a prominent position in the gold industry as the third-largest gold producer in Africa.
Sibanye-Stillwater produced 621,000 ounces of gold last year. The company is also now venturing into battery metals mining and expanding its recycling and tailings reprocessing operations, marking a commitment to sustainable practices.
Nevertheless, the company's dividend yield is noteworthy. At 8.39%, SBSW's dividend adds an enticing layer for investors looking for robust returns.
Gold mining companies offer investors a unique blend of potential capital appreciation and consistent income through dividends.
The four companies discussed in this article stand out in the industry with their impressive production figures, global operations, strategic diversification, and high-yield dividends.
Until next time,Luke Burgess
Luke's analysis and market research reach hundreds of thousands of investors every day. Through his work with the Outsider Club and Junior Mining Trader, Luke helps investors in leveraging the future supply-demand imbalance that he believes could be key to a cyclical upswing in the hard asset markets. For more on Luke, go to his editor's page.