Miners: Plan Ahead for Next Year's Taxes
May 2005 by Mark E. BattersbyMany well-equipped prospecting or mining operations, those with adequate, up-to-date equipment, have discovered a secret: Uncle Sam, in the form of our tax laws, is eager to pick-up a portion of the tab for acquiring and modernizing the equipment necessary to operate a successful mining operation business.
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Familiarizing oneself with an unfamiliar part of the country is often a requirement of successful gold prospecting. In the pursuit of gold, it may become necessary for a prospector to branch out into new hunting grounds.
Friends of Don and Marlene Doran often tease them about their hobby of searching for unique rocks. Now they are the ones laughing.
Many miners have failed to exercise their rights by using the power of their Mining Districts and laws that are already on the books, such as 43 CFR 9712.1, which states…
W. Dan Hausel, Senior Economic Geologist with the Wyoming State Geological Survey (WSGS), has been successful at finding new mineral deposits and occurrences.
...how many of us have knowingly found or bought a meteorite—a small to large mass of stone or metal; a meteor that has survived not only a space voyage of millions of years, but also the impact of striking the earth?
Mergers and acquisitions continue at a record pace in 2006 as companies attempt to replace dwindling reserves. Mining companies find that it is more expedient to purchase additional reserves by acquisition than to spend time and money for exploration and startup, even more so when their stock prices are much higher as compared to recent years.
The Bawl Mill • Our Readers Say • Estimating Gold Values in Placer Gravels • Lode Gold in Nicaragua • California's Original Sixteen to One Mine • Montana Multiple Use Association Backs Miner • Picks & Pans: Detecting Micro-Nuggets • Diamond Search Underway in Alaska and Minnesota • Mining Outfits Eye 50-Year Supply of Iron Ore • Goldfield—Princess of the Mojave • Couple Creates Jewelry of the Iron Range • Melman on Gold & Silver • Looking Back • Mining Stock Quotes and Mineral & Metal Prices