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.
Public Lands for the People has agreed to support the US Supreme Court appeal with financial assistance and with the filing of an amicus brief. (We here at the Mining Journal have also agreed to participate in the amicus brief.)
There are many other locations in the area where gold has been found, but Woods Creek is the most famous of the creeks and gulches in the area where the 49ers searched for that elusive yellow metal.
With the strong gold and silver prices we have had for the last couple years, exploration for gold and silver is on the rise around the world. Junior (smaller) exploration firms are out sampling, trenching and drilling their properties.
The sleepy town of Mariposa, known more today as one of the gateways to Yosemite National Park, was once considered the southern end of the famed “Mother Lode” gold deposits that stretched hundreds of miles throughout California’s Sierra...
Excerpts from CMJ published 50 years ago this month.
Major environmental organizations such as the Nature Conservancy are working closely with the federal government to buy large tracts of private land, frequently at the expense of private property owners’ rights.
The only phrase that comes to mind in reviewing this past month is "deja vu." We've seen all this before; falling gold prices, rising stock markets, soaring hi-tech stocks, crazy initial public offerings (IPO's) and a return to public confidence that all problems can be solved.
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