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.
In an untamed and lonely part of Wyoming’s high desert sits a deposit of gold so large, and so vast, that even today its volume remains a mystery. With an aerial extent of over 10 square miles and a depth of nearly 7,000 feet...
The first thing I realized was this was not a toy—this thing had power and I needed to really pay attention. I got into position, took a deep breath, and pushed that monster into the hard pack.
Platinum has run to record highs this year, but it’s not a rush of demand for wedding bands that has boosted prices. It’s diesel.
• He's got a real ball and chain...
• Win a .357 Smith & Wesson?
• Vista Gold Corp.
• Latitude Minerals Corp.
• Altair International Inc.
• Homestake Mining Company
• Kinross Gold Corp.
• Rayrock Resources Inc.
Bulgaria has followed the recent moves of Mongolia and Venezuela, demanding renegotiation of existing agreements and more concessions from mining companies.
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