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The Business Of Mining: Profits, Losses, Hobbies and Businesses

Everyone can deduct all of the ordinary and necessary expenses of conducting a trade or business. But how can anyone hope to refute the IRS’s labeling of their activity as a hobby or, probably more importantly, hope to achieve the label of a tax business?

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Small-Scale Prospecting & Mining (A Little History)


During the 49’er gold rush, because of harsh winters and adverse river conditions, the working season could be restricted for a week or more at a time. Moreover, many of the “argonauts” (a term dating back to the adventures of the early Greek gold seekers in seeking the Golden Fleece), were unprepared both mentally and physically to meet the harsh conditions.

Gold in Guyana—Part II: Process Optimization at Sacre Coeur Minerals' Lower Puruni Alluvial Mining Project


In Part Two of my two-part series I describe the mechanized alluvial gold mining operation on the lower Puruni River launched by Sacre Coeur Minerals in 2011.

Mine Woes Could Mean Higher Taxes


Hard times for the copper industry could cost property owners in Grant County.

Hillside Placers


Hills and mountains that contain gold deposits will weather and erode over a long period of time, and the eroded material will move slowly downhill. Frost wedging and roots are two of several agents that can cause bedrock to be fractured and...

Looking Back


Excerpts from CMJ published 50 years ago this month.

Melman on Gold & Silver


What a month! One day we were keeping our eyes on the turbulent, hurricane-filled skies over Florida as the seemingly endless array of powerful storms continued on, then we were watching the televised Presidential debates, and all the while we were being inundated with a relentless barrage of stories regarding crude oil, gasoline and heating oil as their prices roared ahead with a vengeance...

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   • Where To Find Diamonds   • Miners Find Encouraging Prospects Near Livengood   • Glen's Big Find   • Suction Dredge Study   • Lluvia de Oro— A Shower of Gold Awaiting Development in the Sierra Madre—Part I   • Beyond The End of The Road   • Barnes Store and Yankee Jims   • Mining Tax Increase Suggested   • Opening Ceremony for Buckhorn Mine   • Mining Journal Contest—How Much Is That Old Mining Journal Worth?   • Melman on Gold & Silver   • Mining Stock Quotes and Mineral & Metal Prices

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