Writing It All Off After The Tax Cuts and Jobs Act
August 2018 by Mark E. Battersby
While many prospecting or mining operations don’t have sufficient profits to benefit from accelerated write-offs or even the full 100% “bonus” depreciation write-off, other options can be equally rewarding.
It’s been no secret that the prices of gold and silver have been moving upward at a fast clip in recent months. Gold has soared 27 percent so far this year. There has not been a significant drop-off in production, so it’s been evident that an increase in demand has been a part of the force driving the price upward.
One of the most popular medicines commonly available is “Dramamine,” defined to be, “… used to prevent and treat nausea, vomiting, cramps and vertigo associated with motion sickness,” according to our favorite medical dictionary. Well, after watching the various financial, political and psychological gyrations that have been taking place in the world’s markets over the past month, we might suggest that some sort of psychological Dramamine might be in order.
On a personal note, very little has bothered me quite as much as the fact that some on the political left are crying “foul” about the fact that Secretary Clinton may have (the outcome is still slightly uncertain at press time) gained more popular votes than the President-elect and therefore the election result is “wrong.”
On a similar vein, while the number of new non-farm jobs created rose by a modest 156,000 in September, it must be pointed out that Goods Production Payrolls rose by only 10,000 jobs while much lower paying service jobs accounted for the other 146,000.
While most prospectors, mine operators and business owners are aware that “like-kind” exchanges can be an excellent way to postpone the gain resulting when any of the operation’s assets are disposed of, few give any thought to the value...
Last month saw the mining industry take center stage as Toronto, Ontario was once again host city for the giant PDAC annual mining convention. We take at look at that gathering below, focusing on some of the negative industry sentiment on display.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts - What are these thin brittle sheets with reddish powder? • Ask The Experts - Are custom mills available for titanium and tungsten? • Ask The Experts - What assay value is needed for cobalt deposits? • Ask The Experts - What do you think is the source of gold in this area of Ireland? • Annual Claim Filings Due • Highbanking for Gold • Gold Placers in Italy • Critical Minerals: Titanium—Part II • Detector Brings New Life to An Old Lode Mine • The Batteries Metal Rush • Blackberries and Gold • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices