Exploration, Development and Taxes
May 2007 by Scott HarnFurther 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.
Back in the early 1990s, a gold mining club in northern California (on the Klamath River near Happy Camp), was offering a free "Trial Week" to test their claims. I decided to take them up on their offer. After obtaining a California Dredge Permit, I loaded my trusty Jeep with my camping gear...
Our destination was some old hydraulic workings where the old miners had washed literally mountains of material away to expose gold in ancient river channels.
There was a foreign presence at the annual Northwest Mining Association convention in December.
PLP cannot understate the importance of this legal decision in our present battles with the political powers of the California swamp.
Cue’s recent development of the Yuty Project has coincided with growing strength in the general uranium market. The price for fuel-grade uranium has risen to above $70 per pound for the first time in several years...
• BLM blocks Democrats
• PLP has their hands full representing miners
What a difference a year makes. It makes one wonder if we still live on the same planet!
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