NovaGold Resources Receives Lifeline
February 2009 by Scott HarnThe 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.
In an effort to resolve the controversy over whether certain expenditures made by a mining operation or mining-related business are currently deductible as repair expenses...the Internal Revenue Service has finally released new regulations.
• Change is coming at Interior
• Interior Department seeking public comment regarding minerals
• BLM proposed budget asks for funds for mining restrictions
• Oregon bill 838
• California suction gold dredging update
…money creation by central banks… could even accelerate further as governments desperately seek to stimulate some sort of powerful economic growth. Historically, rapid money creation rates have been positive for gold and silver.
The Washington Department of Fish and Wildlife (WDFW) issued emergency rules without public comment just prior to our publication deadline.
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