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.
Thomas Tierney has been a long-time subscriber to ICMJ’s Prospecting and Mining Journal and has read about the many battles between miners and overzealous regulators. Then he faced his own battle.
The Reynolds gold mine is located approximately 6 miles northeast of the town of Troy, North Carolina, the county seat of Montgomery County. According to old reports, the mine was discovered around 1800. Production reports from the mine are sketchy, but mention the occurrence of telluride minerals associated with the gold. Early work was apparently confined to a number of quartz veins that traverse the property in a northeasterly direction.
The great mining geologist Waldemar Lindgren used the word “epithermal” to describe a type of quartz vein commonly found in desert regions of the United States and Mexico.
The California State Gold Panning Championships are part of the Foresthill Heritage Celebration, which has increased in stature a lot this year. The addition and growth of the annual California State Lumberjack Championships to...
Q: In the article by David Knowlen, “There’s Still Gold in the Umpqua River,” January 2008, the author stated that “most conventional dredges with normal angles of sluice setup do not retain this gold.”...
Barrick Gold Corporation is offering US$10 million to anyone who can unlock the silver from the ore at its Veladero gold mine in Argentina.
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