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.
At the start of the 20th century, copper was king in Arizona, with one of every four workers employed in the mining trade. On the brink of a new millennium, however, the industry is no longer the cornerstone of the state's so-called "Five Cs" economy—copper, cattle, cotton, citrus and climate.
Saying that the Canadian Province of Nova Scotia supports mining and the jobs that mining creates would be an understatement.
How do sluicing and drywashing compare in effciency?
• Assembly Bill 1032
• Cache County v. USFS
• CMA appeals cyanide ban
In 1977, Mary Lee Bunch bought her husband a Christmas gift she joked would "keep him off the streets." Sure, Milton Bunch is off the streets. But now you can't keep him off the roadsides...
“Scandals, scandals, everywhere, and not an end in sight!” might be the tag line of a musical depicting the financial markets as they near the end of a particularly tumultuous year. First we had the massive accounting scandals associated with the Enron collapse. This was followed by the corporate scandals where inaccurate and misleading research of one sort or another made headlines. But none of those compare in possible scope to the mutual fund scandals...
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