All Articles
The Business of Mines—Consider Your Tax Deductions Now
May 2007 by Mark E. Battersby
Uncle Sam, the not-so-silent partner of every miner, dredger and prospector is willing, using our tax laws, to help reduce out-of-pocket expenditures necessary to acquire business assets and property. In addition to the well-known depreciation deduction, however, the tax laws permit tax write-offs for other, less tangible business assets. The best time to explore and lock-in many of these overlooked and misunderstood deductions is now, well before the end of the tax year.Company Notes
• Washington Group Int'l
• Robinson Nevada Mining Co.
• Little Squaw Gold Mining Co.
• Newmont Mining Corp.
• Compania de Minas Buenaventura
The Bingham Canyon Copper Mine
While the current mine plans forecast an end of mining in about 2019, Bingham Canyons’ future remains bright. Company officials are looking at an expansion that, if approved, will extend the mine life until about 2036.
Placer Gold Deposits of Utah
The placer deposits of Utah occur in two distinct types of environments. These are 1) placers found adjacent to, and derived from, gold, silver and base-metal deposits; and 2) placers found in major rivers and derived from unknown, distant sources.
Brits Thwart Robbery of Gold and Cash
Armed officers arrested seven men near Heathrow Airport after they had overpowered staff at a warehouse holding £80 million ($236 million) in gold and cash and began loading gold into the back of a van.
The Bawl Mill
• Take the money and run...
• Blame it on the kid
• A cheap dinner date...
• For the couple who has everything...
Our Readers Say
About 10 years ago the Forest Service told a miner that he could not stay on his claim for more than 14 days in a row. I told the miner that he could stay as long as he wants, providing he was mining.
Our Readers Say
Concerning assay comments...
Subscription Required:
The Bawl Mill
• Ask the Experts—Where can I find plans for a home-built suction dredge?
• Ask The Experts—Can you help explain the ratings in Melman On Gold & Silver?
• Recovering Values from Black Sands
• Typhoon Exploration—Junior Mining Company Moves Forward in Quebec
• Kalgoorlie, Australia—Born of Gold
• Colorado Court Rules on Cyanide Ban
• Selling Your Gold—Where To Start
• Exploration, Development and Taxes
• US v. Donald Eno—IBLA Rules in Favor of Miner
• Miners Clean Washington Rivers and Streams
• Melman on Gold & Silver
• Mining Stock Quotes, Mineral & Metal Prices
• Looking Back
