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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.Clearing the Nugget Trap with a Detector
On the day prior to Mother’s Day I was able to get out and spend a few hours prospecting. I wanted to try some new settings on my detector, and I had a place in mind to do that.
Australian Prospector Detects 150-Ounce Nugget
We’ll call this prospector “Bill.” Bill found the nuggets pictured in a gully in Victoria’s Golden Triangle, where everyone had been detecting for more than twenty-five years. Many good nuggets were found in this gully over the years, and whenever...
Partnering for Tax Savings
The Verde Copper-Gold-Silver-Zinc District, Jerome, Arizona
When I was a student in the College of Mines at the University of Utah, the Verde district was used as an exploration model for “submarine volcanogenic massive sulfide deposits.” So I looked forward to visiting this district and the town of Jerome in central Arizona in the spring of 2012.
Scams, Scammers and Schemes
Gold mining has received many black eyes from many scams, scammers and schemes throughout the years. Unscrupulous scammers have swindled naive people for millions of dollars in the past and will, no doubt, continue into the future.
Gold Prospecting for Better or Worse: Throwing Away Thousand-Dollar Hot Rocks
All of this made me have to conclude that those dummies just didn’t know what they were doing. It was a couple of years later before the solution for this puzzle became clear to me.
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• Looking Back
