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Gold Miners Hunker Down Amid Financial Storm
December 2008 by Sandy Shore
“Our company and our industry are currently operating in an unprecedented macro business environment, consisting of extreme commodity price volatility, mass portfolio liquidation, global inflation and limited, if any, access to capital,” Newmont Chief Executive Officer Richard O’Brien said.Chinese Buy Out Australian Miners
Some Australian lawmakers object to allowing Chinese government companies to buy mining assets that they say are a cornerstone of Australia’s economy.
Annual Claim Fees Due September 3, 2013
Because September 1 falls on a Sunday this year; and Monday, September 2, is a holiday, the BLM will accept yearly filings through September 3.
Underground Mining: Stoping Methods
In an old mine that does not have stopes, you know the old miners did not take much if any ore out of that excavation. On the other hand, if you see large stopes within the mine you know that it is these places where the miners found profitable ore deposits within the vein.
Peshastin Creek, Washington
Successful miners report that the Peshastin’s gold is unusually course and most of the recovered nuggets are small pickers. Flood gold is prevalent here and easy to find and recover on the Peshastin.
"I Got Dusted"
Out of the blue Archie mentioned, "I was dusted." My dad misunderstood and thought Archie had developed silicosis, then known and feared as "miners lung."
The Miner’s Switchback
Common thought is the switchback slows the velocity of the rushing water and gold drops out from the cut bank to a fill gravel bar within or below the switchback. I am not going to disregard that model; however, I hope to improve upon it.
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