Exchange Moves to Protect Investors from Mining Scams
March 1999 by Associated PressTwo years after the Bre-X gold mine scandal, the Toronto Stock Exchange proposed dozens of measures February 2 to protect investors from future mining-industry scams.
Gold—a very elusive, heavy, yellow, metallic element—is coveted by man and not easily given up by Mother Nature. This is a story of a group of friends—old, new, and some I hadn’t met before this trip. We embarked on a journey in search of that yellow metal.
Idaho is situated in the Rocky Mountains except for the southern third, which encompasses the Snake River Plain and desert mountains to the south. Elevations range up to 12,662 feet at Mt. Borah, with annual precipitation varying from 8 inches in the south to over 60 inches in the central mountains.
Although the risk of a federal tax audit remains low, thanks to the Internal Revenue Service’s secret audit selection process every prospector, miner, and mining-related business owner has good reason to fear an audit, but only if they are not prepared.
Nearly 150 years after gold was discovered in Boulder County along Gold Run Creek, a couple of old mines are slowly cranking back into operation now that excavating the slender veins of precious metal is profitable again.
…2017 was just the first year with a small increase after a huge drop off in exploration activity. It may take many years of future increases to get back to where the activity was in 2012, as projected increases in exploration spending are seen to be slow and steady.
The US attorney’s office indicted Diana Flaherty, of Las Vegas, and Michael Gardiner, of San Diego, in connection with a securities fraud scheme. According the indictment, Flaherty, and her husband Robert (now deceased), had managed Phoenix Metals USA II. Gardiner is identified as a company shareholder.
The ideal leaching chemical would leave behind what we don't want or need in the ore and take only the valuable metals.
The Bawl Mill • New York Meeting Examines Gold's Monetary Role • Death Valley Find is Apparent Hoax • Mining Ends in Leadville • Mine Woes Could Mean Higher Taxes • The Federal Land Survey System • The Beer That Saved Goldfield • Mining Benefits Everyone During Winter Months • AZ Miners and Minerals Department Threatened with Elimination • Alaska Minerals Poster Available from BLM • Digital Tools—The PC and GPS • Small Mines Bill Clears Committee • Successful Mineral Property Promotion • Picks & Pans: Confessions of a Small Miner—Part I • Gold in Moffat County, Colorado • Forest Service Chief Calls for Mining Moratorium in Montana • Governor Tells Industry He Will Consider Tax Cuts • Company Notes • Gold Mine Becomes "Golden Partner" of California Sesquicentennial • IBLA Limits Patent to Mineral Rights in Wild & Scenic River Corridors • Melman on Gold & Silver • Claim Staking Rush Northern Quebec, Canada • Looking Back