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.It's Hard to Find Gold!
...even the best prospectors have times when they do not find gold. It is all about taking chances against tough odds and succeeding.
The Patch
I used to hunt and fish all the time. Since discovering nugget-shooting three years ago, I haven't wet a hook or even looked at a hunting proclamation.
The Gold Of Horseshoe Bend
And we eventually reached gold. It was a winding crevice of beautiful white quartz lined with small nuggets and loaded with fine gold. There were flakes and small granular pieces—there had to be a hundred or more.
Melman on Gold & Silver
If there was one theme underlying many of last month’s headlines, it was millions of people on the march. Throughout France, students, union leaders and run-of-the-mill rioters created havoc as millions marched to protest a new law that would give employers the right to dismiss unsatisfactory youthful employees during their first two years of service.
5th Circuit Ruling May Benefit Miners
This ruling comes at an opportune time, just as suction dredge miners are dealing with new proposed regulations in several western states. Be sure to cite this case when you provide comments on the regulations!
High Country Dredging in Kaufman Creek, Colorado
I opened the front door of my house at 5:00 AM to find it raining hard and water standing in puddles all over the driveway. Just great! It hadn’t rained for 3 weeks, and on the morning we were leaving for a weekend dredging trip, the weather decided to change.
Placer Gemstones
Only the so-called “precious gems” will be considered in this article. They are diamond, ruby, sapphire, and emerald. A “gem” must be rare, hard, and durable, and possess a unique color or quality in order to be classified as a gem.
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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
