Gold Diver's Closes Its Doors
December 2004 by Scott HarnAfter almost 50 years of service to the mining industry, Burl Cheely, owner of Gold Diver’s and the manufacturer of the Couple-Jet and Taper-Jet line of dredges, is retiring.
• Pan American Silver Corp.
• Mountain Province Mining Inc.
• Canyon Resources Corp.
On my final prospecting day of 2020, I went up to a spot where I had found gold years before and had my best day of the year—four nuggets for nearly one-quarter-ounce of gold.
Dire warnings about potential recession and side effects being felt throughout the economic spectrum sent the stock market down to a massive 394 point loss on the Dow Industrials on the 6th of June (see chart) and also sent chills in many corporate boardrooms in America and beyond.
Old tailing piles extend for miles. There was still plenty of water flowing here, so WPA members set up highbankers at several settling ponds.
If you do the math, it equates to about $1,500 of heavy metal value per three-hour dive. This is good wages, and you are doing a service to the environment by removing this toxic metal.
This was a tough task and it required really fast speed and perfect gold recovery, with 210 gold panners competing to advance.
In today’s economy, the question is often not whether to fix or replace equipment, fixtures, business assets or even the building housing the mining operation or mining-related business, it is which path is affordable.
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