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Exploration, Development and Taxes
May 2007 by Scott Harn
Further demonstrating the importance of seeking professional assistance and advice are the tax rules governing the expenses of a mining company. The tax treatment of mine exploration and mine development costs is confusing, complex and often overlooked or ignored—except by the ever-vigilant Internal Revenue Service.BLM Raises Location and Claim Fees
The Bureau of Land Management announced an increase in location filing fees and annual maintenance fees for unpatented mining claims, mill sites and tunnel sites.
The Bawl Mill
• Government discovers new method to subsidize airlines
• California uses environmentalists' favorite tool against them
• Delayed gratification
• Hold my seat; I'll be right back...
Legislative and Regulatory Update
Ask the Experts
What is the ceramic-like material embedded with gold?
Prospecting for Meteorites with a Metal Detector
The following article has been written with a two-fold purpose; first, to help familiarize anyone interested in “meteorite shooting,” and second, to stress the importance of scientific research.
Finding Gold with a VLF Detector—Part III
The higher the sensitivity setting, the louder and sharper the signal from a gold nugget or other metal target.
History of Oil in California
Oil is a naturally occurring combustible fluid of organic origin that is commonly found in California and in many other parts of the world.
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The Bawl Mill
• Ask the Experts—Where can I find plans for a home-built suction dredge?
• Ask The Experts—Can you help explain the ratings in Melman On Gold & Silver?
• Recovering Values from Black Sands
• Typhoon Exploration—Junior Mining Company Moves Forward in Quebec
• Kalgoorlie, Australia—Born of Gold
• Colorado Court Rules on Cyanide Ban
• Selling Your Gold—Where To Start
• The Business of Mines—Consider Your Tax Deductions Now
• US v. Donald Eno—IBLA Rules in Favor of Miner
• Miners Clean Washington Rivers and Streams
• Melman on Gold & Silver
• Mining Stock Quotes, Mineral & Metal Prices
• Looking Back
