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NovaGold Resources Receives Lifeline

The company’s stock had plunged when it announced in November that it wouldn’t have sufficient cash to meet obligations if it couldn’t raise additional funds by the end of 2008. It began 2008 at $8.85 per share and ended the year at $1.47.

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The Business Of Mining: Profits, Losses, Hobbies and Businesses


Everyone can deduct all of the ordinary and necessary expenses of conducting a trade or business. But how can anyone hope to refute the IRS’s labeling of their activity as a hobby or, probably more importantly, hope to achieve the label of a tax business?

Gold Prospecting in Gatesville, Indiana


Gatesville is not the only place to find easy public access for gold prospecting opportunities in Central Indiana.

Mining Stock Quotes and Mineral & Metal Prices


Sunshine Mine Video Brings Back Painful Memories


When a federal employee decided to make a safety video for miners, she didn’t expect to reopen 30-year-old wounds from one of the nation’s worst mining disasters. But a roomful of tough men had watery eyes as they watched the film “You Are My Sunshine,” which recounted the Sunshine Mine disaster of 1972 that claimed 91 lives.

Melman on Gold & Silver


We are now seeing declines in gold followed quickly by rallies to new relative highs while powerful stock market rallies are met with aggressive new selling. Whether this pattern will continue into the future is debatable, but it certainly is a welcome background for the much-battered world of precious metals investing.

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Silver Bonanza in the Sierra Madre: The Glorious Past of Batopilas—Conclusion


The first Madero Revolution broke out in Mexico on November 20, 1910. On December 27, a revolutionary party exacted supplies, arms, and mules from the company until January 7, 1911, when the 7th Cavalry Regiment of the federal government destroyed three and a half tons of their dynamite near Baquiachi. On September 8, 1912, Batopilas was captured, a local garrison driven out, and the company forced to pay 10,000 pesos. Federal forces retook the town September 19.

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