In Pursuit of Gold and Silver in the Sierra Madres—Buying the Pilot Mill
July 2007 by Mike LowenIn 2005, my wife and I, along with our supervisor Horacio, made numerous business and supply trips from Arivechi, Sonora, to the capital of Sonora, Hermosillo. This is a distance of 135 miles along a very narrow paved mountain road.
Occurrences such as these have proven, time and time again, that gold possesses the attribute of maintaining significant value over time, something that cannot be said of unbacked, fiat paper money where every such issuance has eventually deteriorated throughout history into virtual worthlessness.
What a difference a little time makes. Just a few months ago the liberal left was celebrating one triumph after another. Tony Blair became Prime Minister of Britain, the Liberals won a resounding triumph in Canada and the left was rejoicing in a robust economic expansion under the leadership of President Clinton. But their theme song, “Happy Days Are Here Again,” has an empty ring now...
Although the potential for fortunes to be made from the commercial mining of this rich glacial gravel conceivably exists, so far no large mining company has shown any serious interest in it.
As a precious metal, silver doesn’t have the allure of gold. As an investment, it’s not as hip as Google. But dowdy old silver is suddenly chic. Silver prices are at their highest in more than 25 years, and mining companies are riding an economic boom.
• Doing hard time, making easy money
• A cozy bear prevents miners from doing research. Well, sort of...
• Cruising into court
• Where did it all go?
• Big Brother is watching...your odometer?
• Apartment cleaning pays well
The Bawl Mill • Ask the Experts • More Tips for Evaluating Ores • The Mountain Gate Mine • The Basics of Small-Scale Heap Leaching with Cyanide Part I—History, Suitablility and Permitting • Oregon Suction Dredge Permit Update • Life in the Alaska Gold Rush • More Small-Scale Miners Attracted by Gold Prices • Gold in New Zealand • Ready “Ore” Not, Uranium Boom is On Again • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • Looking Back