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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.Ask The Experts: Is this BLM demand legitimate?
Q: The Arizona BLM state office has started sending out registered letters to association placer claim holders...
Company Notes
• Placer Dome
• Newmont Mining
• Homestake Mining Company
• Royal Gold Inc.
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Please Note:
Due to technical difficulties, the photos in the September 2004 issue of ICMJ are currently unavailable for the online version of the magazine. Please know we are working on this and will get the photos loaded as soon as we can. In the meantime, please enjoy the articles as usual! Thank you for your understanding! —ICMJ
Fabulous Florence—The Golden Town of Idaho
In September 1861, on a round-about prospecting journey homeward, five California gold miners discovered gold in the area now called Florence. While watering the horses, one of the men noticed a golden color on a piece of slate bedrock in the stream...
Glacial Gold in the Midwest
Although the potential for fortunes to be made from the commercial mining of this rich glacial gravel conceivably exists, so far no large mining company has shown any serious interest in it.
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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
