Surging Gold Prices Burn a Few Unlucky Mining Firms
November 1999 by Associated PressThe extraordinary rebound in gold prices is claiming some unlikely victims—a few of the gold mining companies themselves.
Gold—a very elusive, heavy, yellow, metallic element—is coveted by man and not easily given up by Mother Nature. This is a story of a group of friends—old, new, and some I hadn’t met before this trip. We embarked on a journey in search of that yellow metal.
Frank Taylor’s family has been mining in the same area of the Yukon Territory since 1935. He’s been working his current placer operation on Duncan Creek near Mayo since 1975.
Not all of these slides and debris flows will produce results, but if you search for these while prospecting in your gold producing areas, then you can increase your odds of finding new gold.
Half the prospecting adventures I’ve done on the Kenai Peninsula occurred in winter. Not because I enjoyed looking for gold among the ice flows or 34-degree water, but on some creeks winter is the best time to find gold after violent swirl holes slow down.
Pickering Bar on the North Fork of the American River is a fascinating place. It’s remote, taking almost two hours to get there from the small mining town of Iowa Hill, which is in Placer County, California.
Ceremonies for the induction of six pioneers of the American mining industry into the National Mining Hall of Fame will be held on Saturday, September 13, at the Museum Convention Center in Leadville.
What is the ceramic-like material embedded with gold?
The Bawl Mill • USPS Delays ICMJ Delivery at Oakland, CA Processing Center • Another Gold Heist Reported at Nome • No Need to Rewrite Mining Regs, NAS Study Confirms • BLM Filing Requirements for Small Miners' Waiver • Asarco Accepts Phelps Dodge Buyout • Once Lonely, Mojave Desert Phone Now World's Companion • Judge Blocks Road Protest • Company to Sue Over Stymied Gold Mine • No Mining / Logging on 40 Million Acres • Catastrophism vs. Uniformitarianism • 1st Annual Placer County Open Gold Panning Championships—1999 • Picks & Pans: The Ten-Pennyweight Nugget • Mining in Sonora, Mexico • Pullin' the Pin • Land of Golden Dreams—California in the Gold Rush Decade • Cerro Colorado Silver, Arizona • Progressive Privy Program Proved Popular • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • Looking Back