The Business of Mining—The Benefits of an S Corporation
November 2007 by Mark E. BattersbyImagine the liability protection of a corporation and the pass-through tax benefits of a partnership in one entity for your mining or prospecting operation.
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.
What minerals are magnetic? I have heard that super magnets (rare earth magnets) can capture platinum. True?
Mining safety professionals can take advantage of training videos provided by the National Institute for Occupational Safety and Health.
Stillwater Mining Company previously warned of possible layoffs after General Motors Co. canceled a major contract, but higher platinum and palladium prices have made up for the lost business.
While a great many questions remain unanswered, there is little doubt that a new financing option for small-scale mining operations, “crowdfunding,” is growing as a viable and legitimate funding source.
This is just the type of specimen that could have been easily ignored by the old-time miners. It felt a little heavier in my hand than a chunk of quartz of that size ought to have been.
• No Adventure Pass needed
• Supreme Court of Canada rules on aboriginal title claims
• No agreement reached in suction gold dredge permitting case
The Bawl Mill • Ask the Experts • Prairie Creek Project Approaches Final Hurdle • A Golden Dream Come True • Dawson City and the World Gold Panning Championships • Journeys in the Kingman Quadrangle—Part IV • Silver Bonanza in the Sierra Madre: The Glorious Past of Batopilas—Part II • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • The Risks of Mining Overseas