The Business of Mines—Consider Your Tax Deductions Now
May 2007 by Mark E. BattersbyUncle 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.
Cobalt and nickel are tough silver-white metals, with similar physical properties, that frequently occur together in nature, along with copper sulfides. Cobalt and nickel are used as alloys, providing great strength and resistance...
Some 250 million years ago, the Earth had just one supercontinent, known as “Pangaea.” For whatever reason, the supercontinent began to break apart. South America and Africa remained joined, as “Gondwana,” until 65 million years ago, when they split apart. The obvious “fit” of South America with Africa was noted by geologists back in the 19th century, but it was not until Alfred Wegener came out with his “continental drift” hypothesis in 1912 that people took note.
Newmont Mining Corp. is intensifying a global hunt for the next mother lode of gold.
Setting up a gravity dredge
We are quite pleased to report there are some courageous miners who have taken the time to learn their rights and have gone back to dredging while knowing they could be unlawfully harassed at any time by law enforcement…
Next, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
... there was a picture of a small rock crusher you have, and I was wondering if it’s one that is still available...
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