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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.Conrey Dredge No. 4
The large buckets were favorable for the type of ground worked. The gravel was tenacious and compact, due to the existence of irregular pockets of clay.
Buying a Used Gold Dredge
In March of 2001, I saw a 3” dredge for sale on the Internet that was way over priced. It was advertised as a “complete Keene 3 inch gold dredge ready to go.” But what I saw was only an old 3” Keene header-style sluice box with home made...
Company Notes
• IAMGOLD Corp.
• Barrick Gold Corp.
• Campbell Resources Inc.
• Newmont Mining Corp.
The Nome Goldfields
Nome has a colorful history built on gold, where over 5 million ounces of the yellow metal has been dug up. Due to limited space, only a tiny fraction of this mining district can be touched upon. It would take volumes to cover all the information...
GM to Cancel Mining Contracts
Governor Brian Schweitzer is calling on the Obama administration to force General Motors to honor its contract with a Montana mining company instead of going overseas to buy the precious metals used to control vehicle pollution.
Miner Wins Important Victory Against Forest Service
A case involving a Northern California dredger who was cited by the Forest Service for operating without a Notice of Intent, Plan of Operation or special-use authorization was resolved in the miner’s favor.
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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
