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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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Legislative and Regulatory Update


• "No surprises" ruled restored
• Supreme Court to address submerged lands in Alaska
• Governors say reform the ESA
• Miners need to stay involved in each state

Know Your District


We have to remember that the earliest miners were not geologists, but came from a variety of backgrounds. Their survival depended on finding enough gold so they worked hard and adapted to whatever challenges these new areas presented.

How to Evaluate Mineral Claims—What to Know Before You Buy


Even though they have put down thousands of dollars, the buyers often stop paying on their claims part way through the process after they realize they’ve been duped, but the company just sells it again to another buyer.

Options Narrowed for Managing Chugach National Forest


Planners are narrowing their options for managing the 5.3 million-acre area Chugach National Forest.

Legislative and Regulatory Update


• Update on suction gold dredging

U.S. Sued for Failure to Guard Rare Species


Environmental groups have sued the U.S. Fish and Wildlife Service over its refusal to designate critical habitat for seven rare species, five in California and two in Alaska.

Utah Approves funds to Fight Feds


Republican legislators say the funding is necessary to protect state interests...

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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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Legislative and Regulatory Update

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