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People mistake the stock market as a popularity contest sometimes. The father of value investing, Benjamin Graham, once said that the markets act like a voting machine in the short run. Often, sentiment is the basis for valuating companies, not fundamentals.
The same thing applies to dividend stocks. Blue-chip stocks are the more popular ones because they are matured companies. However, other dividend payers fly under the radar or are low-key. Investors can take the extra mile to find outstanding income stocks that could make you rich too.
Yield-hungry investors can check out
Aura Minerals(TSX:ORA). The companies pay an average dividend yield of 7.69%. Any investment amount could double in less than 10 years.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Golden Minerals Company Begins Gold Production
Golden Minerals CompanyJanuary 13, 2021 GMT
GOLDEN, Colo., Jan. 13, 2021 (GLOBE NEWSWIRE) Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) is pleased to announce it has begun gold production at its Rodeo gold project located in Durango State, Mexico, roughly two weeks ahead of schedule and on budget.
The Company transported the first loads of Rodeo’s gold-containing material by road to its nearby Velardeña oxide mill for processing last week. The mill has begun processing the material and anticipates a first pour of gold-silver doré bars within two weeks.
Golden Minerals Begins Mining at Rodeo Gold Project
GOLDEN, Colo., Dec. 22, 2020 (GLOBE NEWSWIRE) Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) today announced it has begun mining activities at its Rodeo gold project located in Durango State, Mexico.
Blasting at the open-pit gold operation began last week. Initial blastholes were drilled on the 1460 bench in an area that includes outcropping mill-grade gold mineralization and thin overburden material. 48 holes were drilled and blasted in the first pattern. During the next few weeks, the Company will continue to develop the current and adjacent benches. The benches are designed to be five meters each in height. The Company anticipates being able to transport the first loads of material to its Velardeña oxide mill (located around 60 miles from Rodeo) for processing in January 2021 assuming the current pace of work continues.