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Exploration, Development and Taxes
May 2007 by Scott Harn
Further demonstrating the importance of seeking professional assistance and advice are the tax rules governing the expenses of a mining company. The tax treatment of mine exploration and mine development costs is confusing, complex and often overlooked or ignored—except by the ever-vigilant Internal Revenue Service.The Bawl Mill
• Thieves bag a golden frog in museum heist...or do they?
• Aquarium workers ate protected sea turtle...
• Woman entitled to sue over being called "Monica Lewinsky"
• An Affair to Remember...
18 Acquitted in Massive Brussels Diamond Heist
The massive 2013 theft, in which tens of millions worth of gems were stolen from the hold of a departing Swiss-bound plane, had all the hallmarks of an “Ocean’s Eleven” operation. And it still might still get a Hollywood ending.
Frozen Prospects
There is one rule of thumb when prospecting for gold in Alaska: You’ll find your best pay in southern-sloped exposed ground. This is not to say there’s no gold on northern exposed gulches where the sun has trouble reaching it and limited melting occurs. It’s harder, and more time consuming, to look for easy prospects in northern exposures.
Prospecting for Diamonds: Is It a Diamond or Crystal Quartz?
Prospectors typically stumble upon diamonds while searching for other minerals.
BLM Cancels 10-Million-Acre Sage Grouse Mineral Withdrawal
The very way it was done at the time didn’t give one much confidence in the objectivity and honesty of the BLM study.
The Bawl Mill
• Do as I say, not as I do...
• Political parking perk...
The Douglas Creek Placer District, Medicine Bow Mountains, Southeastern Wyoming
It was July. The cool mountain air filtered the harsh Wyoming sun making the day fairly pleasant. Winter had finally receded, but an occasional drift hid in the shadows of the forest. I drove into the heart of the Medicine Bow National Forest...
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The Bawl Mill
• Ask the Experts—Where can I find plans for a home-built suction dredge?
• Ask The Experts—Can you help explain the ratings in Melman On Gold & Silver?
• Recovering Values from Black Sands
• Typhoon Exploration—Junior Mining Company Moves Forward in Quebec
• Kalgoorlie, Australia—Born of Gold
• Colorado Court Rules on Cyanide Ban
• Selling Your Gold—Where To Start
• The Business of Mines—Consider Your Tax Deductions Now
• US v. Donald Eno—IBLA Rules in Favor of Miner
• Miners Clean Washington Rivers and Streams
• Melman on Gold & Silver
• Mining Stock Quotes, Mineral & Metal Prices
• Looking Back
