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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.Guest Editorial—President's Land Plan Implements Unratified Treaty
"The President's plan to lock-up an additional 40-million acres of wilderness in 35 states, is a blatant step toward the total implementation of the aims of the unratified Convention on Biological Diversity."
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Clarification on Oregon's SB838
The 100-yard restriction in SB838 actually applies to all motorized mining for the purpose of extracting gold, silver or any other precious metal that results in the disturbance of vegetation.
Procuring Mine Owner Permission at a Mine Site
The first experience involved an overgrown gold mine operated during the 1880s. A razed mill adjoined the mine and could be glimpsed from the isolated public dirt road I was traveling.
Washington Gold & Fish Update
Washington’s mineral prospecting regulations, adopted Jan. 1999, have indeed caused great chaos for those who enjoy the hobby and also those who were accustomed to making a living by operating larger (8”) dredges. The discussion within the miners’ network has not decreased; at best it is a slow simmer.
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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
