Time to Come Home
December 2018 by Scott Harn
The need to bring mining back to North America is more urgent than ever.
Although the risk of a federal tax audit remains low, thanks to the Internal Revenue Service’s secret audit selection process every prospector, miner, and mining-related business owner has good reason to fear an audit, but only if they are not prepared.
One last subject is the performance of gold and silver themselves—which has been positive for more than two months—and to explain the reasoning behind these rallies.
Somehow, we received the impression from these two gatherings and from other conversations that bureaucrats in general are simply not aware of how difficult it is to raise capital to finance mining operations and how important it is for newer companies to show true progress in order to receive further financing.
I must admit to taking some degree of pleasure in anticipating the excuse-making which will probably come out of the "Global Warming" camp to explain away a truly startling announcement.
…2017 was just the first year with a small increase after a huge drop off in exploration activity. It may take many years of future increases to get back to where the activity was in 2012, as projected increases in exploration spending are seen to be slow and steady.
Although there is no direct connection between the price of lumber and the precious metals, there is an important indirect one due to the importance of the housing market to overall economic activity.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts - LR 2000, ArcGIS, and other mapping applications • Ask The Experts - Advice for a new prospector in Placerville, California? • Placer Gold Deposits of Utah • Proven Strategies for Detecting Gold • Gold Prospecting for Better or Worse: Lesson Learned • Resurrecting An Old Hard Rock Mine • Gold Indicators—What to Look for in the Goldfields • The Rest of the Story—Detecting With Ray Mills • Gold and Mining Stocks Will Rebound—But When? • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices