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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—Extraction of micro gold from black sands
I know big mining companies use cyanide and other leach systems to recover gold from ore. Is this the only economically feasible way to recover the values?
From the Editor
There are several news items of interest here at ICMJ’s Prospecting and Mining Journal.
The Wooden Cross
"I will go to America and reap my fortune, and when I come back to this God-forsaken town, people will treat me with respect and take their hats off to me even if you don't believe what I am saying." His wife lowered her head. She had heard all of this before...
The Bawl Mill
• Judge in Bundy/Gold Butte trial takes it one step further
• No real loss for the National Park Service
• Time to redefine “non-essential”
• Who’s in charge of the button?
Feds Release Opinion on Planned Mine Under Montana Wilderness
A proposed silver and copper mine that would burrow under a wilderness area in northwestern Montana will not affect bull trout, nor will it harm grizzly bears so long as some additional precautions are taken, federal wildlife authorities said.
Mining Stock Quotes and Mineral & Metal Prices
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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
